Combined spot and derivatives volumes on centralized crypto exchanges fell 21.8% in June as crypto exchanges continued to tussle for market share.
Trading volume on centralized crypto exchanges fell by 21.8% in June, marking the third consecutive month that combined spot and derivatives volumes have trended downward since March.
In a July 17 markets report CCData shared that the combined spot and derivatives volume across all centralized exchanges stood at $4.2 trillion in June, down 53% from the record $9 trillion in volume reached in late March.
Additionally, the report pointed to a substantial 9.7% decline in Open Interest across crypto derivatives exchanges, following a series of liquidations triggered by a sharp dip in the price of Bitcoin and other crypto assets in June.
