Five Largest Crypto Exchanges Logged 11% of U.S. Equity Volume in July
Photo: TokenPost
Glassnode and Fasanara Digital released their joint Digital Asset Report Q4 2026 on Oct. 23, amid a split between weakening crypto trading and growth in traditional-asset products on crypto venues. Bitcoin (BTC) fell from its all-time high as crypto trading volumes and volatility reached cycle lows over the past year. Stablecoin settlement, tokenized-equity holders and traditional-asset perpetual futures grew during the same period. Glassnode Research described the stretch as “a bear market in price and in little else.” The five largest crypto exchanges recorded $2.28 trillion in July trading, about 11% of the $20.5 trillion traded in U.S. equities.
Source: TokenPost
