The combined spot and derivatives trading volume on centralized exchanges climbed 14.2% in June to $2.71 trillion, according to CCData's monthly exchange report. Binance, Binance.US, and Coinbase all saw their market share decline in the past month.and regulators' complaints against crypto exchanges Binance and Coinbase in the United States.following the Securities and Exchange Commission lawsuit on June 5. As a result, its market share dropped the most among CEXs, by 1.40% to 41.
June also saw derivatives trading volume rise 13.7% to $2.13 trillion, the first increase in three months. Binance was the leading venue for derivatives crypto trading, with volume topping $1.21 trillion in June, followed by OKX exchange with $416 billion, up 44.9% in activity. Bitcoin futures volume spiked on the CME exchange, reaching $37.9 billion, a 28.6% increase, the highest volume traded on the derivatives exchange since November 2021. Ether futures trading volume grew to $8.91 billion, a 9.93% increase in the month.
"The increase in BTC futures volume over the last couple of months highlights the heightened trading activity by institutional entities as the markets speculate over the SEC’s decision on the multiple spot Bitcoin ETFs filings," notes the report.
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