{"id":81601,"date":"2023-07-12T12:37:32","date_gmt":"2023-07-12T09:37:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81601"},"modified":"2025-09-11T23:55:18","modified_gmt":"2025-09-11T20:55:18","slug":"spot-trading-volume-on-crypto-exchanges-fell-by-36","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/spot-trading-volume-on-crypto-exchanges-fell-by-36\/","title":{"rendered":"Spot trading volume on crypto exchanges fell by 36%."},"content":{"rendered":"

In the second quarter of 2023, the total spot trading volume across the 20 leading Bitcoin exchanges fell by 36% \u2014 from $2.6 trillion to $1.66 trillion. The report from CoinMarketCap<\/a> shows this.<\/p>\n

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Top-20 exchanges by share of spot trading. Data: CoinMarketCap.<\/figcaption><\/figure>\n

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Over the last six months, Binance has maintained a dominant position in the market with a 59.9% share of spot trading. Meanwhile, about 85% is accounted for by the top five platforms.<\/p>\n

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In terms of token offerings, centralized crypto exchanges (CEX) currently support a large number of trading pairs and available coins, with listings lists continually expanding. Binance continues to lead in the large-cap sector with a focus on ‘popular and high-quality’ assets.<\/p>\n

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In the top by reserves, Binance is also at the top with $57 billion, followed by OKX<\/a> and Bitfinex \u2014 $10 billion.<\/p>\n

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\\\"82300858bd8a423fb6b036104f21995c\\\"
Exchange reserves. Data: CoinMarketCap.<\/figcaption><\/figure>\n

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Total customer funds remained roughly at the same level as in the previous reporting period. The bulk of the reserves consists of Bitcoin and various stablecoins.<\/p>\n

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For the first half of the year, most exchange tokens achieved positive net returns. However, the bulk failed to surpass Bitcoin \u2014 up 182% since the start of the year.<\/p>\n

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In the second quarter, total trading volume on decentralized exchanges (DEX) declined 24%, reaching $189 billion. Uniswap retains a dominant position with a market share of 57.5%.<\/p>\n

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Traders continue to favour centralized platforms, but the DEX-to-CEX ratio has risen to around 1:8.<\/p>\n

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Analysts say the current market situation resembles the conditions seen during the recovery after FTX collapse<\/a>.<\/p>\n

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As reported, the total trading volume on cryptocurrency exchanges for April\u2013June 2023 fell to a low not seen since Q4 2020.<\/p>\n

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In June 2023, Russian users led in visits to the largest trading platforms. However, overall visits to centralized crypto exchanges declined by 8%.<\/p>\n","protected":false},"excerpt":{"rendered":"

In Q2 2023, the total spot trading volume on the 20 leading Bitcoin exchanges declined by 36% \u2014 from $2.6 trillion to $1.66 trillion.<\/p>\n","protected":false},"author":1,"featured_media":81602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1000,1145,1252],"class_list":["post-81601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinmarketcap","tag-market-analysis","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=81601"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81601\/revisions"}],"predecessor-version":[{"id":81603,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81601\/revisions\/81603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/81602"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=81601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=81601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=81601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}