The spot trade volume to CEX rose by 16 % to $ 575 billion in June

• The spot trade volume of centralized stock exchanges rose by 16.4 % to $ 575 billion in June, the first volume increase in three months.
• also the derivative trade volume to the CEXs increased and this month recorded an increase of 13.7 % to $ 2.13 trillion.
• Binance recorded a decline in both the cash and derivative volume, while Okx recorded an increase.

according to the latest "Exchange Review" According to the research and data platform CCData, the spot volume in June is 16.4 % rose to $ 575 billion because the cryptom market experienced increased volatility during the month.

meanwhile the combined CEX volume on the spot and derivative markets reached $ 2.7 trillion. The monthly trading volume for the two key figures rose by 14.2 %, while derivatives were 13.7 % and the volumes reached $ 2.13 trillion-the first increase in derivate trade for three months.

#Krypto In June, the trade rose for the first time in June, Followed by Blackrock and other spots $ BTC ETF-suggestions.

📈laut Our stock market report rose 14 % to $ 2.71 trillion on centralized stock exchanges.

Complete story of @coindesk https://t.co/5ovy6fwe8c

- ccdata (@ccdata_io) 5. July 2023

Positive messages fuel crypto trade activity

The increase in volatility was heated by the lawsuit of the US stock exchange supervision SEC (Securities and Exchange Commission) against the leading stock exchanges Binance and Coinbase.

was also the positive mood that greeted the submission of Spot-Bitcoin-Exchange trading funds (ETFs) by the large Wall Street assets administrators Blackrock and Fidelity as well as the introduction of the Krypto exchange Edx Markets supported by Citadel.

" The increase in the market share of the Spothandel volume indicates a healthy accumulation of crypto according to the latest positive news on the markets ", CCDATA researchers state in the report.

This outlook was actually visible on the market. The increasing trade activity increased the Bitcoin price to a new annual high of over $ 31,000, while old coins such as Litecoin and Bitcoin Cash used the optimistic outlook to break through critical resistance levels. [Read more]

The cash and derivative volume of Binance goes back

Despite the above increases, the quarterly spot trade volumes at the CEXs are still near "historically low levels". For example, the quarterly spot volumes for the second quarter of 2023 were the lowest since the fourth quarter of 2019.

It is also noteworthy that Binance's Spotmarket share decreased by 41.6 % in June. The leading stock exchange has thus recorded the fourth month in a row with declines and the lowest market share since August 2022. And although Binance continues to dominate the market for trading in crypto derivatives with $ 1.21 trillion, it fell by 56.8 %in June.

Okx, the second largest derivative exchange in the world, recorded an increase in their trading volume by $ 416 billion in June. The market share of the crypto exchange has now risen to 19.5 %, the highest level since April 2022.