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On higher-volume exchanges including Binance and Bybit, coin listings are cumulatively up 11.6% to 2,066 in the first six months of the year, according an analysis of select exchanges that CCData conducted for Bloomberg. Among a handful of lower-volume exchanges including CoinJar and BTC Markets, listings are up nearly 32% to 488, the researcher found.

The dollar sum of outstanding bitcoin derivative contracts on centralized exchanges reached $37 billion at the start of August, tripling from a year earlier, according to CCData. The market mayhem on Aug. 5 pushed that total down to $28 billion.

Come the downturn and people raced for the exit. Typically, traders go where the liquidity is in order to sell as quickly as possible. That was true again here. Centralised exchanges had their second-highest volume day of spot trading since May 2021 when China banned bitcoin mining, according to CCData.

Order books on U.S. exchanges offer more liquidity than their offshore counterparts, according to CCData.

According to the latest research report from CCData, spot trading volumes rose by 14.3%, totaling $1.44 trillion, while derivatives trading volumes saw an increase of 21%, reaching $3.50 trillion.

Jump’s presumed selling volume was just a small portion of Ether’s average daily volume of about $9 billion this year, according to researcher CCData. However, given its high profile over the years as a major market maker and trader of digital assets, the movement of its crypto may have spooked some investors.

Per CCData, the total market capitalization of stablecoins rose 2.11% to $164 billion in July, the highest since April 2022. "This is the highest monthly rise in the stablecoins market capitalization since April, suggesting inflows of new capital into the markets as reflected by the positive price action of digital assets in July," CCData said in a report shared with CoinDesk.

“The likelihood of MicroStrategy or Michael Saylor selling their Bitcoin holdings seems very low if Michael Saylor’s public statements prove to be true,” said Jacob Joseph, an analyst at researcher CCData. “As a prominent advocate of the Bitcoin HODLing movement, Saylor has consistently shared optimistic projections for Bitcoin’s future value.”

Crypto exchanges such as Brian Armstrong-led Coinbase thrive in bull markets, and while Bitcoin reached its all-time high in March, the largest cryptocurrency’s price slipped and slid into a narrow trading range in the second quarter. That pushed many retail traders to the sidelines, resulting in a nearly 30% sequential drop in spot trading volume on the exchange in the quarter, according to researcher CCData. Results will be released after the end of regular trading Thursday.

According to a report from CCData, the total stablecoin market capitalization rose by 2.11% in July to $164 billion amid a ten-month ascent that was witnessed by major stablecoins.