- High centralized exchanges dealt with $1.95 trillion in spot buying and selling quantity within the second quarter, down 27.9% from $2.7 trillion.
- Month-to-month spot buying and selling quantity hit its lowest level of the 12 months at $619 billion in Could, however rebounded to $695 billion in June.
- Binance led the second quarter with a market share of 38.7%, with Bybit the one different holding a double-digit share.
Centralized crypto exchanges recorded a pointy slowdown in spot exercise within the second quarter. Buying and selling quantity throughout the ten largest platforms decreased by 27.9% from $2.7 trillion to $1.95 trillion.
Could was the weakest month of 2026, with spot gross sales dropping to $619 billion. Financial exercise rebounded to $695 billion in June, however the improve didn’t reverse the broader contraction within the quarter.
Could marks the bottom spot buying and selling month
April began the quarter with sturdy exercise, however volumes declined in Could. Month-to-month gross sales remained close to $600 billion all through the second quarter, effectively beneath January and February’s practically $900 billion degree, in accordance with CoinGecko’s chart.
Could’s $619 billion was the bottom month-to-month whole reported within the first half of 2026. Though quarterly gross sales remained considerably decrease than the primary quarter, roughly $76 billion in exercise was added in June.
The common day by day cryptocurrency buying and selling quantity additionally decreased by 20.9% from the earlier quarter to $93.1 billion. This decline was accompanied by falling costs and a decline within the variety of members throughout main concentrated spot markets.
Binance maintains its lead within the spot market
Binance maintained the biggest share among the many prime 10 centralized exchanges, accounting for 38.7% of spot buying and selling quantity within the second quarter. Bybit adopted with 10%, making it the one platform with a double-digit share within the quarter.
CoinGecko’s month-to-month chart exhibits Binance within the lead all through April, Could, and June. Regardless of a big decline in buying and selling exercise, the corporate’s market share considerably outperformed every of its competing exchanges.
MEXC recorded the steepest contraction of any main platform. The quantity decreased from $275.2 billion within the first quarter to $121.2 billion within the second quarter, transferring the rating from second to seventh place.
Crypto.com buying and selling quantity decreased by 40.9%, whereas KuCoin recorded a lower of 38.5%. Forex degree contractions ranged from roughly 5% to 56%, indicating that losses have been uneven throughout sectors.
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Broad market weak spot limits spot demand
Cryptocurrency market capitalization fell by 12.6% within the second quarter, falling from $2.4 trillion to $2.1 trillion. June noticed the quarter’s greatest breakdown, with the market roughly 52% beneath its October 2025 peak.
Stablecoin market capitalization additionally declined for the primary time since Q3 2023. Complete provide decreased by $4.8 billion to $305.1 billion, with USDC dropping $3.7 billion.
USDT moved in the other way, including $300 million to finish the quarter at $184.4 billion. Stablecoin market share elevated to 60%.
The decline in perpetual international change buying and selling was smaller than in spot buying and selling. High platforms processed $12.7 trillion, down 10% from the primary quarter, however month-to-month transaction quantity nonetheless exceeded $4 trillion.
Prediction markets additionally expanded throughout the identical interval. Notional worth rose 48.7% to $113.8 billion, hitting a document excessive of $52.8 billion in June.
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