Trading activity across spot markets increased in June as institutional and regulatory actions brought more volatility to markets.
Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Spot trading volume on centralized exchanges increased by 16.4% in June, hitting $575 billion.CCData's Monthly Exchange Review
"The increase in volatility following the SEC’s lawsuit against Binance.US and Coinbase, and the positive outlook in the market following the filing of spot Bitcoin ETFs by the likes of BlackRock and Fidelity, contributed to an increase in trading activity last month," the report stated.For the fourth month in a row, Binance's spot trading market share dropped, hitting 41.6% in June, its lowest point since August 2022, the report claimed.
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