PANews July 2 report, according to The Block, the CEX spot trading volume fell to $1.07 trillion in June, hitting a nine-month low, while DEX trading volume continued to rise. DEX monthly trading volume grew to a record $390 billion in June, after peaking in January, DEX trading volume began to shrink and started to recover in May, continuing into June. Presto Research analyst Min Jung believes that the current cryptocurrency market cycle is mainly driven by institutional Bitcoin accumulation rather than retail investor participation, which has impacted CEX trading volumes.
