Increasing the Spot trading volume by 16.4 % in June despite complaint against Binance and Coinbase

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Krypto-Börsen verzeichnen einen Anstieg des Spot-Handelsvolumens um 16,4 % im Juni, obwohl Binance und Coinbase mit Klagen zu kämpfen haben. Das Krypto-Spot-Handelsvolumen erreichte damit den höchsten Stand seit drei Monaten. Spot-Handelsvolumen bezieht sich auf den direkten Kauf oder Verkauf von Assets. Im Gegensatz dazu bezieht sich das Derivatvolumen auf den Handel von Anlagen, bei dem ein Kauf- oder Verkaufsrecht auf ein Asset gehandelt wird. Obwohl das Handelsvolumen immer noch weit unter den Höchstständen von 2019 liegt, ist ein Anstieg zu verzeichnen. Im Juni fiel der Marktanteil von Binance um 41,6 %. Der Anstieg des Spotvolumens ist größtenteils darauf zurückzuführen, dass …
Crypto exchanges recorded an increase in the spot trading volume by 16.4 % in June, although Binance and Coinbase have to struggle with complaints. The crypto-spot trade volume has thus reached the highest level in three months. Spot trade volume refers to the direct purchase or sale of assets. In contrast, the derivative volume refers to the trade in systems, in which a purchase or sales right is traded on an asset. Although the trading volume is still well below the highest levels of 2019, an increase has been recorded. In June, Binance's market share fell by 41.6 %. The increase in the spot volume is largely due to the fact that ... (Symbolbild/KNAT)

crypto exchanges recorded an increase in spot trading volume by 16.4 % in June, although Binance and Coinbase have to struggle with complaints. The crypto-spot trade volume has thus reached the highest level in three months.

Spot trade volume refers to the direct purchase or sale of assets. In contrast, the derivative volume refers to the trade of systems in which a purchase or sales right is traded on an asset.

Although the trading volume is still well below the highest levels of 2019, an increase has been recorded. In June the market share of Binance fell by 41.6 %.

The increase in the spot volume is largely due to the fact that several WALL Street companies have submitted applications for Bitcoin-Spot ETFs in the US Securities and Exchange Commission (Sec). As a result, the spot trade volume rose to $ 36.3 billion, which is almost 51 % above the monthly maximum in May.

The derivative trade volume also grows continuously. In June, the Bitcoin futures trading volume rose by 24 % to $ 48 billion on the CME. The crypto trade volume on centralized stock exchanges reached $ 2.1 trillion, an increase of 14 %. However, the market share of some crypto exchanges dropped clearly.

In June, Binance's market share decreased by 10 % to 56 %. An analysis company attributes this to the adjustment of the free Bitcoin spot trade in March as well as to complaints from the SEC and CFTC and the uncertain market mood. Coinbase, the largest US crypto exchange, is less affected by the lawsuits and lost only 2.4 % market share on the trading volume.

The exit of two important liquidity providers additionally reinforced the problems of the crypto exchanges. As a result, the market depth for the ten most important tokens according to trading volume at Bybit and OKX dropped. The globally available liquidity of BTC also fell by $ 10 million.

Nevertheless, Coinbase was able to increase its share in the BTC trading volume in the third month in a row. The stock exchange successfully defends itself against the allegations of the SEC to be an unregistered broker company, and currently has a market share of around 5.8 % of the global BTC-Spot volume.

Overall, it can be found that the spot trade volume on crypto exchanges rose in June despite the legal problems of Binance and Coinbase. The introduction of Bitcoin Spot ETFs and the growth of the derivative trade significantly contributed to this increase. Coinbase was able to further expand its market share while Binance lost market shares. The exit of liquidity providers and the decline in the depth of the market represent further challenges.