Trading volumes across cryptocurrency spot markets slipped by 42.7% in June, according to the latest research of London-based CryptoCompare.

  • Total spot volumes fell to $2.7 trillion, in line with the continued slump in Bitcoin. The daily volume maximum of $138.23 billion was recorded on June 22, down 42.3% from May’s intra-month high.
  • Binance recorded the top spot exchanges in terms of volume, followed by Huobi Global (Grade A) and OKEx. All three were down by over 40% during the month.
  • Futures across all products declined by 40.9% month on month to $16.4 billion. This is the lowest five months since January 2021. Bitcoin futures open interest dropped 31.8%, and Ether futures slipped 29.3%.

Derivatives volumes fell 40.7% to $3.2 trillion.

BTC is down 1.45%, while ETH is down 2.02%.