👀 CEX Futures Trading Volume Plunges to 31-Month Low 🔹 In July 2026, perpetual futures trading volume across centralized cryptocurrency exchanges (CEXs) contracted to $4 trillion — marking its lowest monthly level since December 2023 (a 31-month low). According to data from CryptoRank, volume has dropped 63% from its peak of $10.9 trillion recorded in October 2025. 🔹 However, trader engagement has not vanished entirely: a portion of trading activity shifted toward decentralized platforms (DEXs), where perpetual contract volumes previously scaled to record highs. 🔹 The July decline snapped a three-month market recovery that spanned April through June, with reduced trading activity affecting every major centralized venue. 🔹 Binance Futures maintained its market leadership, processing roughly $1.4 trillion in July derivatives volume—accounting for nearly one-third of the entire CEX market.