{"id":15214,"date":"2024-07-15T16:46:16","date_gmt":"2024-07-15T13:46:16","guid":{"rendered":"https:\/\/forklog.com\/en\/june-sees-17-decline-in-cex-trading-volume\/"},"modified":"2024-07-15T16:46:16","modified_gmt":"2024-07-15T13:46:16","slug":"june-sees-17-decline-in-cex-trading-volume","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/june-sees-17-decline-in-cex-trading-volume\/","title":{"rendered":"June Sees 17% Decline in CEX Trading Volume"},"content":{"rendered":"<p>Spot trading volumes on cryptocurrency exchanges fell by 17%, derivatives by 19.2%, and website traffic by 1%, according to journalist <a href=\"https:\/\/wublock.substack.com\/p\/cex-data-for-june-spot-trading-volume\">Colin Wu<\/a>.<\/p>\n<p>Binance remained the leader in spot trading, although its volume decreased by 22.6%. Competitors Bybit, Gate, and HTX narrowed the gap with changes of -1.6%, -4.3%, and 6.7% respectively.<\/p>\n<p>Notable declines were observed at Upbit (-44.8%), Bitfinex (-37.5%), and KuCoin (-31.6%).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1105.webp\" alt=\"1-1105\" class=\"wp-image-236978\"\/><figcaption class=\"wp-element-caption\">Data: Colin Wu.<\/figcaption><\/figure>\n<p>In the derivatives market, Binance&#8217;s turnover decline of 19.6% mirrored the overall market trend.<\/p>\n<p>Bybit (-13.9%), MEXC (2.3%), Crypto.com (-9.3%), and HTX (-8.9%) improved their market positions. Gate (-34.4%), Deribit (-33.8%), OKX (-22.7%), and Bitget (-22.4%) saw sharper declines than the market average.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-833.webp\" alt=\"2-833\" class=\"wp-image-236979\"\/><figcaption class=\"wp-element-caption\">Data: Colin Wu.<\/figcaption><\/figure>\n<p>In terms of traffic, Bybit (+10%), KuCoin (+8%), Gate (+8%), OKX (+8%), and Deribit (+7%) showed growth. Upbit recorded a sharp decline of 26%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-472.webp\" alt=\"3-472\" class=\"wp-image-236980\"\/><figcaption class=\"wp-element-caption\">Data: Colin Wu.<\/figcaption><\/figure>\n<p>Earlier, trading volume for <span data-descr=\"exchange-traded product\" class=\"old_tooltip\">ETP<\/span> ($8.9 billion) remained below the year-to-date average levels ($21 billion), according to CoinShares.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spot trading volumes on cryptocurrency exchanges fell by 17%, derivatives by 19.2%, and website traffic by 1%, according to journalist Colin Wu. Binance remained the leader in spot trading, although its volume decreased by 22.6%. Competitors Bybit, Gate, and HTX narrowed the gap with changes of -1.6%, -4.3%, and 6.7% respectively. Notable declines were observed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,1166,1145],"class_list":["post-15214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-centralized-exchanges-cex","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"5","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15214"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15214\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15213"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}