Binance remained the largest crypto exchange by July trading volume with $1.61 trillion, followed by OKX at $647 billion. MEXC reclaimed third place with $374 billion, moving ahead of Bybit at $348 billion, while Gate recorded $322 billion. The latest change marks the second reshuffle in the top-five exchange rankings in three months. Exchanges outside the top five accounted for 12.3% of the market, underscoring how trading activity remains concentrated among the biggest venues.