The summer months are usually the most volatile period in the cryptocurrency trading. This is mainly because a number of institutional investors do not actively intervene in their portfolios during the summer. It is also true that many traders do not open as many trades as they do during the rest of the year. That is why it has become an unwritten rule that summer can bring a lot of significant changes in both directions. This year is no exception.

Since the beginning of the summer we have been witnessing a significant growth. Since July 1, Bitcoin has managed to grow in value by more than 25%. At the same time, Ethereum grew by as much as 75% and Ripple improved by about 70%. The total market capitalization of cryptocurrencies has increased by up to 35%. All these numbers clearly indicate that this period is very favorable for cryptocurrencies. This is also reflected in the traffic at cryptocurrency exchanges – it is growing on almost every stock exchange, while on average stock exchanges enjoyed 13% more traffic in July than in the previous month.

Binance was again the most visited stock exchange in July, with more than 24.9 million users. Compared to June, this is an increase of almost 10%. Coinbase again ranked second, with 22.5 million users visits in July, an increase of up to 18%. However, the largest increase in traffic was enjoyed by the Kucoin and YoBit.net exchanges, which added up to 60% of new clicks.

However, not all exchanges in the TOP 20 saw an increase in traffic. The decline was recorded by the stock exchanges BitMEX, OKEX as well as ZB.com. Another interesting fact is that the largest decentralized exchange - Uniswap, almost made it into the TOP 20. In July, about 1.4 million people visited Uniswap, while the Coinbit Exchange, which is the twentieth largest cryptocurrency exchange (according to the recorded traffic), had only 400,000 more visitors. The largest month-on-month increase was recorded by Balancer Pool – the traffic increased by as much as 193% in July, which clearly indicates an increased interest in cryptocurrencies trading on DEX exchanges.