Share this article
Crypto Trading Volumes Rise for First Time in 3 Months Amid ETF Optimism
Even so, spot trading volumes are at historically low levels.
Updated Jul 5, 2023, 5:40 p.m. Published Jul 5, 2023, 10:30 a.m.
Crypto trading volumes rose in June for the first time in three months amid optimism following the filing of spot bitcoin exchange-traded-fund (ETF) proposals by asset manager BlackRock and other large institutions.
The combined spot and derivative trading volumes on centralized exchanges climbed 14% to $2.71 trillion, according to a report by CCData. That's the first monthly increase since March, said the report.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Several high-profile U.S. institutions filed or refiled for spot bitcoin ETFs with the U.S. Securities and Exchange Commission (SEC) last month, including Invesco and WisdomTree, along with Fidelity.
“The increase in volatility following the SEC’s lawsuit against Binance US and Coinbase, and the positive outlook in the market following the filing of spot Bitcoin ETFs by the likes of BlackRock and Fidelity, have contributed to an increase in trading activity last month,” said CCData.
Still, spot trading volumes remain at historically low levels. Spot trading volume in the second quarter was the lowest since Q4 2019, according to the report.
For the derivatives market, volumes increased by 14% in June, representing 78.7% of the crypto market. That, however, is down from 79.1% in May, marking the first drop in derivatives market share in four months, an indication that the EFT filings spurred spot accumulation of crypto assets, according to the report.
The report also noted that the total derivatives volume traded on the Chicago Mercantile Exchange (CME), rose 23.6% in June to $48.3 billion.
“Institutional interest was particularly prevalent in the BTC futures, with the volumes rising 28.6% to $37.9bn, the highest volume traded on the exchange since November 2021,” said the report.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Update, U.S. Jobs, Bank of Japan: Crypto Week Ahead
Your look at what's coming in the week starting Dec. 15.
What to know:
You are reading Crypto Week Ahead: a comprehensive list of what's coming up in the world of cryptocurrencies and blockchain in the coming days, as well as the major macroeconomic events that will influence digital asset markets. For an updated daily email reminder of what's expected, click here to sign up for Crypto Daybook Americas. You won't want to start your day without it.
Top Stories
