Cryptocurrency exchanges noticed a big decline in volume during the month of June in comparison with May, based on knowledge gathered by The Block Research.
Per The Block’s authentic volume index, exchanges posted $958.3 billion — a 56% decline from May’s $2.18 trillion. The index hasn’t posted a sub-$1 trillion determine since January.
As in earlier months, Binance was the volume chief, accounting for 69.7% of the recorded volume. Coinbase, FTX and Kraken encompassed 8%, 4.2% and 4.1% of the info, respectively.
For extra knowledge insights from June, try the by-the-numbers breakdown by The Block Research’s Lars Hoffmann.