Despite the price increase of Bitcoin, the crypto market has been witnessing low trading volumes. However, recent data shared by WuBlockchain indicates a positive shift in June 2023. Total spot trading volumes on centralized exchanges (CEX) have surged by 10.4% compared to the previous month.
WuBlockchain’s data reveals that the Binance exchange recorded the highest trading volume, while Upbit experienced the highest monthly increase at 47.9%. In June, the total transaction volume reached $468 billion. The top 5 cryptocurrency exchanges with the highest spot trading volume in June were as follows:
- Binance – $233 billion
- Upbit – $35 billion
- OKX – $31 billion
- Coinbase – $28 billion
- Bybit – $24 billion
Regarding futures transactions, there was a 9.5% increase compared to the previous month. The exchange with the largest increase in futures volumes, at 46%, was Bitmart.