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- 📢 $MORE is launching on Gate Alpha!
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In June, CEX spot trading volume hit a nine-month low, while DEX volume grew to a record 390 billion dollars.
Gate News bot reports that, according to The Block, in June, CEX spot trading volume fell to 1.07 trillion USD, hitting a nine-month low, while DEX volume continued to rise.
The DEX monthly volume grew to a record $390 billion in June. After reaching a local peak in January, DEX trading volume began to shrink, then started to recover in May and continued into June.
Presto Research analyst Min Jung believes that the current cryptocurrency market cycle is primarily driven by institutional Bitcoin accumulation rather than retail investment, which has impacted the volume of CEX.