Cryptocurrency exchanges saw a significant decline in volume during the month of June compared to May, according to data gathered by The Block Research.
Per The Block's legitimate volume index, exchanges posted $958.3 billion -- a 56% decline from May's $2.18 trillion. The index hasn't posted a sub-$1 trillion figure since January.
As in previous months, Binance was the volume leader, accounting for 69.7% of the recorded volume. Coinbase, FTX and Kraken encompassed 8%, 4.2% and 4.1% of the data, respectively.
For more data insights from June, check out the by-the-numbers breakdown by The Block Research's Lars Hoffmann.