User activity in the crypto spot market decreased by 36% in the second quarter compared to the first quarter, with $1.67 trillion and $2.6 trillion of trading respectively.
Such drop is believed to be associated with the overall fall of the crypto market.
In this context, Binance maintained its leading position, accounting for nearly 60% of transactions.
It’s worth mentioning that the five largest exchanges control up to 85% of the spot market.
Surprisingly, June saw a growth of 16.4%, and transactions totaled $575 billion.
