Analysts pay attention to weakening of crypto trader activity

by in Cryptocurrency News

Crypto trading

Compared to May, in June 2021, the activity of users of cryptocurrency exchanges has significantly decreased.

According to the Block Research team, the volume of trading in digital currencies last month was $ 958.3 billion. Compared to May, this figure fell by about 56%, the researchers note.

Recall that at the end of the last month of spring 2021, the number of transactions with cryptocurrencies on trading floors reached $ 2.18 trillion. Moreover, until June, the turnover on the crypto market never dropped below $ 1 trillion in monthly terms.

Trending: Pi Network Announced Launching Pi Wallet on the Testnet

The leading position continues to be held by the Binance platform. This exchange accounts for up to 69.7% of the total digital currency trading volume.

The top three also included Coinbase and FTX, whose market share grew to 8% and 4.2%, respectively. The fourth place in the ranking was taken by the Kraken exchange (4.1% of the total amount of transactions).