Crypto Exchanges See Big Drop in Volumes as Bitcoin Volatility Approaches 2020 Low

Crypto exchange volumes could continue falling should volatility remain at these low levels, said CryptoCompare CEO Charles Hayter.

AccessTimeIconJul 7, 2020 at 10:01 a.m. UTC
Updated Sep 14, 2021 at 9:00 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Exchange volumes are at rock bottom as traders turn away from sluggish bitcoin markets.

  • Trading volumes on "top tier" spot exchanges fell by 36% in June, according to a report from London-based data provider CryptoCompare.
  • Similarly, crypto derivatives exchanges experienced a 35.7% drop in volume to $393 billion, the lowest monthly volumes since the start of 2020.
  • Bitcoin's ATR range – a volatility metric – has nearly halved since the start of June. At press time, it was just 20 points above its 2020 low.
  • CryptoCompare CEO Charles Hayter said June's spot prices had been flat compared to previous months and the lack of price volatility likely explained the drop in trade volumes.
  • In theory, exchange volumes could continue tracking downwards should volatility remain at low levels, he said.
  • Volumes across the entire crypto spot market – both "top tier" and "lower tier" exchanges – fell nearly 50% in June, meaning the market share for crypto derivatives has increased 5% to 37%.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.