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Data: Ethereum CEX Spot Trading Volume Approaches $480 Billion in August, Surpassing Bitcoin

Summary: According to reports, in August, the monthly spot trading volume of ETH on centralized exchanges reached nearly $480 billion, surpassing Bitcoin (BTC) at $401 billion. Several companies such as BitMine Immersion and SharpLink Gaming disclosed large purchases of ETH, leading to an increase in company holdings. Meanwhile, US stock spot ETH ETF saw a net ...

According to reports, in August, the monthly spot trading volume of ETH on centralized exchanges reached nearly $480 billion, surpassing Bitcoin (BTC) at $401 billion. Several companies such as BitMine Immersion and SharpLink Gaming disclosed large purchases of ETH, leading to an increase in company holdings. Meanwhile, US stock spot ETH ETF saw a net inflow of $3.95 billion, while BTC ETF saw a net outflow of $3.01 billion. Additionally, ETH has surged over 105% year-to-date, compared to Bitcoin's approximately 18% increase. (The Block)

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