Total trading volume of the top 10 crypto exchanges in Q2 reached $8.3 trillion, representing a 23% decline compared to the previous quarter.
Q2 trading volume for the top 10 crypto exchanges declined by 23% compared to the previous quarter.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The total trading volume of the top 10 crypto exchanges in Q2 reached more than $8 trillion, representing a 23% decline compared to the previous quarter.
TokenInsight said Binance’s zero trading fee promotion that ended in March may be behind the decline, though the company also came under regulatory scrutiny during the quarter, with the Securities and Exchange CommissionThe top four crypto exchanges by trading volume that include Binance, OKX, Bybit and Bitget command a combined market share of 85%.The spot trading volume of the top 10 exchanges in Q2 2023 amounted to $1.3 trillion, marking a significant 44.8% decrease compared to Q1 and a 52.
Of the top 10 crypto exchanges that have issued tokens, Bitget's BGB demonstrated the highest price increase in Q2, up 22.6%. Bitfinex's LEO and OKX's OKB tokens also performed well, with increases of 15.4% and 7.1%, respectively. However, all other exchange tokens experienced negative returns during the quarter.
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