Trading volumes on crypto exchanges decreased by 56% in June

According to The Block Research, the total trading volume on crypto exchanges in June was $ 958.3 billion, which is 56% lower than the May figure of $ 2.18 trillion.

June ended with the worst results over the past six months. Prior to this, the last time the trading volume on the crypto market was below $ 1 trillion in January.

As before, the largest share of trading falls on the Binance platforms – 69.7%. It is followed by Coinbase, FTX and Kraken with 8%, 4.2% and 4.1% of the total volume respectively.

However, despite the decline in trading activity, Glassnode analysts note an increase in the accumulation of bitcoins in the wallets of largeinvestors.According to the company, on Friday the number of coins at addresses from 1000-10 000 BTC increased by 80,000 to 4.216 million, which is a record high over the past 2 months. Whale numbers also rose to a three-week high – 1922.

Such dynamics indicate the return of large players to the cryptocurrency market. Although they are in no hurry to stimulate a new rally, awaiting the FATF report.

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