Trading volume on centralized exchanges rose 14.2% in June

In June, the aggregate trading volume on centralized cryptocurrency exchanges rose for the first time since March. According to CCData, the figure increased by 14.2%, reaching $2.71 trillion.

Binance’s market share fell to 41.6% (the lowest since August 2022). OKX’s share rose to 19.5% (the highest since April 2022).

Spot volume on centralized exchanges reached $575 billion, while derivative trading volume amounted to $2.13 trillion.

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Analysts attribute this to increased market activity following the U.S. Securities and Exchange Commission (SEC) lawsuits against Coinbase and Binance.

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Another reason cited by experts is the mass filing by companies for registration of the spot Bitcoin-ETF. In this context, Bitcoin-related firms’ stock are showing strong gains, and assets under management of the ProShares ETF reached $1.04 billion.

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Analysts also noted an uptick in BTC futures trading volume.

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\n\”The rise in BTC futures volume over the past few months underscores heightened trading activity by institutional players, as markets speculate on the SEC’s decision on spot Bitcoin ETFs,\” the report said.

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Earlier, the total trading volume on cryptocurrency exchanges for April–June 2023 fell to its lowest level since Q4 2020.