Cryptocurrency trading volumes on major exchanges fell by more than 40% in June aided by the market crash in May and the ongoing crackdown in China. As the Bitcoin slump continued, a daily volume maximum of $138.23bn was traded on 22nd of June, down 42.3% from the intra-month high in May.
According to data from London-based researcher CryptoCompare, spot trading volumes fell to $2.7 trillion with derivatives volumes down to $3.2 trillion (40.7%).
On average, a 51.6% decrease was registered on the 15 largest crypto exchanges in June. This was also seen for BTC and ETH futures open interest, which were down 31.8% and 29.3% respectively.
“Headwinds continued as China persisted with its crackdown on bitcoin mining,” CryptoCompare said. “As a result of both lower prices and volatility, spot volumes decreased.”
As China’s stringent crackdown to rein in cryptocurrency began in May this year, Bitcoin fell by almost 35% and volatility in the market reached a new peak.
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Źródło: https://coingape.com/top-15-crypto-exchanges-regist-51-decline-in-trading-volume/
