Cryptocurrencies
Crypto Trading Volume Tumbled in June to the Lowest Since 2020
- Spot trading volumes across all centralized coins drop 27.5%
- Retail investors likely waiting for first leg up again: TIAA
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Cryptocurrency trading volumes have plummeted amid a dreadful first half of the year for the industry.
Spot and derivatives volumes have declined across exchanges, falling more than 15% since May to around $4.2 trillion and reaching the lowest since January of last year. The month of June alone saw spot volumes drop nearly 28% to $1.41 trillion as Bitcoin tumbled, the lowest since December 2020, according to data compiled by CryptoCompare.