Cryptocurrency news

The Block: the bitcoin futures market fell by 30 in June%

The Block: the bitcoin futures market fell by 30 in June%

The Block publication reports that the volume of bitcoin trading on the futures and futures markets in June significantly decreased. The futures market fell by 31.98%, and bitcoin futures trading fell by 40.39%.

At the same time, against the background of falling trading on traditional exchanges, the volume of trading on decentralized platforms has increased significantly. According to Dune Analytics, deals worth $1.51 billion were made on decentralized exchanges in June, which is 70% higher than in may. In addition, this is the maximum trading volume on decentralized exchanges. The previous record was in March, but the volume of trading in June is 46% more.

Given that the volume of trading on traditional platforms has decreased, and on decentralized ones-has increased, the share of decentralized exchanges (DEX) has also grown significantly. If in may DEX occupied 0.84% of the market, in June their share increased to 2.1%.

Bitcoin futures trading volume fell by 40% to $332 billion. For comparison, in may, the volume of futures trading set a new record and reached $557 billion. At the same time, the total volume of cryptocurrency futures trading in may was $602 billion.