Spot trading volume across major cryptocurrency exchanges declined 5.1% in June compared to May, while derivatives volume rose 4.2% over the same period, according to a post on X analyzing exchange data.
Bitfinex recorded the largest monthly gain in spot volume, up 21.4%, while BitMart posted the steepest decline at 58.6%. In derivatives, Deribit led with a 26.6% increase, and HTX fell 42.4%.
Traffic to major exchange websites fell 0.8% month-on-month. Deribit's website traffic grew 165.1%, the largest increase tracked, while HTX's traffic declined 50.8%.
The divergence between spot and derivatives volumes reflects shifting patterns in how traders access crypto markets. Spot trading, which involves immediate settlement of asset purchases, typically correlates with retail and institutional cash positions. Derivatives contracts, which settle at future dates or allow leverage, have increasingly attracted trading activity as exchanges compete for fee-generating volume.
The data encompasses major global exchanges including Binance, Coinbase, Kraken, OKX, Bybit and others. The figures use CoinGecko volume data and Similarweb traffic metrics as underlying sources.
