Exchange Review June 2021

Report Summary

Trading activity across all spot markets throughout June fell considerably compared to the previous month as Bitcoin’s slump continued. A daily volume maximum of $138.23bn was traded on the 22nd of June, down 42.3% from the intra-month high in May.

As a result of both lower prices and volatility, spot volumes decreased by an immense 42.7%, while total derivative volumes decreased 40.7%. This was also the case for BTC and ETH futures open interest, which were down 31.8% and 29.3% respectively.

June Highlights

  • Futures open interest across all products fell 40.9% MoM to $16.4bn - the lowest level since January 2021.
  • Derivatives volumes decreased by 40.7% in June to $3.2tn while total spot volumes decreased by 42.7% to $2.7tn.
  • The top spot exchanges by volume were Binance (Grade A) with $668bn (down 56%), followed by Huobi Global (Grade A) with $162bn (down 40.2%) and OKEx (Grade BB) with $141bn (down 41.6%).
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