However, spot trading volumes on CEXs remain at 'historically low levels'.
In other news, a New York court has ordered Coinseed and the Founder to pay $424K.
The
combined value of spot and derivatives trading volumes on centralized exchanges
(CEXs) jumped 14.2% for the first time in three months, reaching $2.71
trillion in June. The bullish trend came amidst a
new wave of applications for spot Bitcoin (BTC) exchange-traded funds
(ETFs) by institutional investors.
The latest interest follows an application by BlackRock, the world’s
largest asset manager, in mid-June. The increase in volatility that trailed the US
Securities and Exchange’s (SEC) crackdown on Binance and Coinbase pushed up the
volumes, according to the latest report by digital
asset data provider, CCData.
'Historic'
Lows despite Boom in June
Giving a
breakdown of the figures, CCData noted that spot trading
volume during the recent month jumped 16.4% to $575 billion, with derivatives
volume touching $2.12 trillion, which is an increase of 13.7%.
In addition, the
Chicago Mercantile Exchange (CME), the biggest derivatives marketplace in the world, saw the total
derivatives volume traded on its platform increase 23.6% to $48.3 billion.
CCData pointed out that
institutional investors particularly flocked into BTC futures, with trading in
the derivative contract escalating 28.6% to $37.9 billion, which is the highest
volume traded on CME since November 2021.
However,
despite the positive performance last month, spot trading volumes on CEXs
remain at 'historically low levels’ as the value sank to a level
not seen since the fourth quarter of 2019.
Similarly, the market
share of derivatives trading on CEXs plummeted for the first time in four
months. The market descended ever so slightly to 78.7% last month, declining from a peak of 79.1% achieved earlier in May.
Source: CCData
“Binance
remains the largest venue for derivatives trading in crypto, recording $1.21
trillion in volumes,” CCData noted. “However, the exchange’s market share has
declined for the fourth consecutive month, falling to 56.8% in June, its lowest
market share since October 2022.”
On the
contrary, OKX, the second-largest digital asset derivatives trading platform,
saw its trading volumes skyrocket by 44.9% to $416 billion last month, CCData noted. The
exchange now handles 19.5% of derivatives trading on CEXs, which is its highest market
share since April last year.
Court Penalizes Coinseed and Its Founder
In a separate development, a New York judge yesterday (Wednesday) ordered crypto trading platform Coinseed and its former CEO, Delgerdalai Davaasambuu, to cough up roughly $424,000. The amount includes payments for the court’s civil monetary penalty and return of illicit profits plus interest.
The SEC,
which sued Coinseed in 2021 over its alleged unregistered
sale of the ‘CSD’ tokens between 2017 and 2018, secured the order from Judge
Paul G. Gardephe of the Southern District Court in New York. The federal
securities regulator in its lawsuit had accused Coinseed and two of its
top executives of defrauding victims of about $1 million.
In
September 2021, prosecutors in New York secured a court order to shut down the
operations of
Coinseed. They also obtained a money judgment of $3 million against the company
and its Founder.
The
combined value of spot and derivatives trading volumes on centralized exchanges
(CEXs) jumped 14.2% for the first time in three months, reaching $2.71
trillion in June. The bullish trend came amidst a
new wave of applications for spot Bitcoin (BTC) exchange-traded funds
(ETFs) by institutional investors.
The latest interest follows an application by BlackRock, the world’s
largest asset manager, in mid-June. The increase in volatility that trailed the US
Securities and Exchange’s (SEC) crackdown on Binance and Coinbase pushed up the
volumes, according to the latest report by digital
asset data provider, CCData.
'Historic'
Lows despite Boom in June
Giving a
breakdown of the figures, CCData noted that spot trading
volume during the recent month jumped 16.4% to $575 billion, with derivatives
volume touching $2.12 trillion, which is an increase of 13.7%.
In addition, the
Chicago Mercantile Exchange (CME), the biggest derivatives marketplace in the world, saw the total
derivatives volume traded on its platform increase 23.6% to $48.3 billion.
CCData pointed out that
institutional investors particularly flocked into BTC futures, with trading in
the derivative contract escalating 28.6% to $37.9 billion, which is the highest
volume traded on CME since November 2021.
However,
despite the positive performance last month, spot trading volumes on CEXs
remain at 'historically low levels’ as the value sank to a level
not seen since the fourth quarter of 2019.
Similarly, the market
share of derivatives trading on CEXs plummeted for the first time in four
months. The market descended ever so slightly to 78.7% last month, declining from a peak of 79.1% achieved earlier in May.
Source: CCData
“Binance
remains the largest venue for derivatives trading in crypto, recording $1.21
trillion in volumes,” CCData noted. “However, the exchange’s market share has
declined for the fourth consecutive month, falling to 56.8% in June, its lowest
market share since October 2022.”
On the
contrary, OKX, the second-largest digital asset derivatives trading platform,
saw its trading volumes skyrocket by 44.9% to $416 billion last month, CCData noted. The
exchange now handles 19.5% of derivatives trading on CEXs, which is its highest market
share since April last year.
Court Penalizes Coinseed and Its Founder
In a separate development, a New York judge yesterday (Wednesday) ordered crypto trading platform Coinseed and its former CEO, Delgerdalai Davaasambuu, to cough up roughly $424,000. The amount includes payments for the court’s civil monetary penalty and return of illicit profits plus interest.
The SEC,
which sued Coinseed in 2021 over its alleged unregistered
sale of the ‘CSD’ tokens between 2017 and 2018, secured the order from Judge
Paul G. Gardephe of the Southern District Court in New York. The federal
securities regulator in its lawsuit had accused Coinseed and two of its
top executives of defrauding victims of about $1 million.
In
September 2021, prosecutors in New York secured a court order to shut down the
operations of
Coinseed. They also obtained a money judgment of $3 million against the company
and its Founder.
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
KuCoin Rolls Out MiCA-Regulated Crypto Platform Across 29 EU Markets
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
