CCData: In June, the trading volume of cryptocurrency exchanges fell by 21.8%, marking the third consecutive month of decline

ChainCatcher news, the CCData report shows that the trading volume of centralized cryptocurrency exchanges decreased by 21.8% in June, marking the third consecutive month of decline in spot and derivatives trading volume since March. The total trading volume of spot and derivatives 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 pointed out that the significant drop in prices of Bitcoin and other crypto assets in June triggered a series of liquidations, leading to a substantial decrease of 9.7% in open contracts on crypto derivatives exchanges. The total trading volume of futures at the world's largest institutional derivatives exchange, the Chicago Mercantile Exchange (CME), also saw a "significant" decline, dropping 11.5% to $103 billion in June.