In June 2025, spot trading volume on major exchanges decreased by 28% compared to May. The top three exchanges with the highest change rates were HTX -15%, Kraken -16%, and Binance -22%. The bottom three were Mexc -44%, KuCoin -42%, and Upbit -39%.
In June, derivatives trading volume on major exchanges decreased by 13% compared to May. The top three exchanges with the highest change rates were Mexc +26%, Gate -4%, and HTX -9%. The bottom three were Crypto.com -26%, Binance -20%, and OKX -20%.
In June, website traffic to major exchanges decreased by 13% compared to May. The top three exchanges with the highest change rates were Kucoin +130%, Mexc +3%, and BitMart -1%. The bottom three were Gate -87%, HTX -26%, and Bitget -24%.
Note: The following data may be severely suspected of wash trading/bots. Spot and derivatives data are from Coingecko; traffic data is from Similarweb. [Wu Shuo Team]