Odaily News: As multiple large institutions have submitted applications for spot Bitcoin ETFs, the market sentiment is optimistic, and the trading volume of cryptocurrencies has shown the first increase in three months in June.



According to a report by CCData, the total trading volume of spot and derivative transactions on centralized exchanges (CEX) increased by 14%, reaching $2.71 trillion. This is the first monthly growth since March.



CCData stated that "the volatility increased after the SEC filed lawsuits against Binance US and Coinbase, and the market outlook became optimistic after companies such as BlackRock and Fidelity filed applications for spot Bitcoin ETFs. These factors contributed to the increase in trading activity last month."



The report shows that the spot trading volume on CEX in June increased by 16.4% to $575 billion, marking the first growth in three months. However, the second-quarter spot trading volume on CEX is the lowest quarterly volume since the fourth quarter of 2019.



Binance's market share in the spot trading market has been declining for the fourth consecutive month, dropping to 41.6% in June, which is the lowest market share for the exchange since August 2022. Coinbase currently accounts for 61% of the total Bitcoin trading volume on registered exchanges in the United States, and is expected to increase its market share in the region for the third consecutive month (as of July 4th).



In the derivatives market, the trading volume on CEX in June increased by 13.7% to $2.13 trillion, marking the first growth in three months. The trading volume of CEX derivatives accounted for 78.7% of the total cryptocurrency market. However, this proportion is slightly lower than May's (79.1%), marking the first decline in derivatives market share in four months.



Binance remains the largest crypto derivatives trading platform, with a trading volume of $1.21 trillion in June; its market share has been declining for the fourth consecutive month, dropping to 56.8% in June, the lowest market share since October 2022.



In June, the trading volume of OKX derivatives increased by 44.9% to $416 billion, with a market share of 19.5%, the highest market share since April 2022. Bybit's derivatives trading volume was $269 billion, with a market share of 12.6%.



The report also pointed out that the total trading volume of CME derivatives increased by 23.6% in June, reaching $48.3 billion. "Institutional investors showed particularly strong interest in BTC futures, with trading volume increasing by 28.6% to $37.9 billion, the highest volume on the exchange since November 2021. In contrast, ETH futures trading volume increased by 9.93% to $8.91 billion, while ETH options trading volume decreased by 45.8% to $129 million." (CoinDesk)