In June, the combined spot and derivatives trading volume on centralised exchanges continued to decline, falling by 21.8% to $4.22tn. This trend has been ongoing since March 24, when digital asset volumes reached an all-time high of $9.05tn.

Key Takeaways

• Open interest on derivatives exchanges declined by 9.67% to $47.11bn, following a series of liquidations triggered by a significant drop in cryptocurrency prices observed in June and continuing into July.
• In June, the total futures trading volume on CME experienced a notable decline, dropping by 11.5% to $103bn.
  
• Compared to December, Bybit, Bitget, and HTX achieved the largest rise in market share, by 2.01%, 1.74%, and 1.43%, respectively.