Crypto Exchanges' Q2 Volume Reaches $16.5 Trillion Amid Shift Towards Spot Trading

Crypto exchanges saw their total trading volume reach $16.5 trillion in Q2, according to TokenInsight's market report. This figure represents an 8% decline from the previous quarter.

The report highlights a notable shift: spot trading volume increased from $3.3 trillion to $4.5 trillion, while derivatives volume contracted from $14.6 trillion to $12 trillion. In the spot segment, Binance maintained its dominant position, capturing 32.26% of the market share.

Binance also ranked first in the emerging TradFi (Traditional Finance) segment, which includes equities-related perpetual futures. This segment saw explosive growth, with monthly volume surging from $52 billion in January to $268 billion by June, representing a fivefold increase in six months.