Crypto exchange trading volume fell 21.8% in June, marking the third consecutive month of decline

According to news on July 18, the CCData report showed that the trading volume of centralized cryptocurrency exchanges fell by 21.8% in June. This is the third consecutive month that spot and derivatives trading volumes have shown a downward trend since March. Total spot and derivatives trading volume across all centralized exchanges in June was $4.2 trillion, down 53% from the record $9 trillion set at the end of March. The report noted that open interest on crypto derivatives exchanges fell sharply by 9.7% as the sharp drop in the price of Bitcoin and other crypto assets in June triggered a series of liquidations. Total futures trading volume at the Chicago Mercantile Exchange (CME), the world's largest institutional derivatives exchange, also saw a "significant" decline, falling 11.5% to $103 billion in June.