Crypto exchanges post $958 billion in volume during month of June
Cryptocurrency exchanges saw a significant decline in volume during the month of June compared to May, according to data gathered by The Block Research.
Per The Block’s legitimate 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 figure since January.
As in previous months, Binance was the volume leader, accounting for 69.7% of the recorded volume. Coinbase, FTX and Kraken encompassed 8%, 4.2% and 4.1% of the data, respectively.
For more data insights from June, check out the by-the-numbers breakdown by The Block Research’s Lars Hoffmann.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Michael McSweeney
