Trading volume on centralized crypto exchanges dropped by 21.8% in June. Since March, the total spot and derivative transaction volumes have decreased for the third consecutive month.

According to the CCData report dated July 17, spot and derivative trading volume across all centralized exchanges amounted to $4.2 trillion in June, a 53% decrease compared to the record volume of $9 trillion recorded at the end of March. The report also stated that open interest on crypto derivatives exchanges fell by 9.7% following liquidations caused by sharp declines in Bitcoin and other cryptocurrencies in June.

The decline comes from collapsed Japanese crypto exchange Mt. It was emphasized that Gox's "fear of selling pressure" was further exacerbated by the German government's billions of dollars in BTC sales.

CCData analysts also pointed out the changing situation of central exchanges between the second half and the first half of 2023. Dubai-based stock exchange Bybit became the leader by increasing its total market share to 8%; It was followed by Singapore-based exchange Bitget, which rose 3.7% to 3.5%.

On the other hand, Binance suffered a significant loss in its total share of the crypto market, with its market share falling from 40.4% in July 2023 to 31.2% within a year. Total futures trading volume on the Chicago Mercantile Exchange (CME), the world's largest institutional derivatives exchange, also decreased by 11.5% in June, falling to 103 billion dollars.

This decline was driven by an 11.5% and 15.8% decrease in futures contract volume for Bitcoin and Ether, respectively. Total trading volume of Ether options took a significant hit on CME, even as eight spot Ether ETFs are scheduled to launch on July 23.

Overall, Ether options trading volume fell 58% to $408 million. Much of this decline was attributed to the option position frenzy that followed the SEC's approval of spot Ether ETFs in May.

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So who will benefit?

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I EXPLAIN IN DETAIL.

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Enter the Futures Section from your application,

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WHEN WILL THE AWARD COME?

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