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The total trading volume of encrypted futures on major exchanges in May fell to a nearly 12-month low, with a monthly size of about $2.9 trillion, lower than last year's peak of $6 trillion to $7 trillion. Binance's trading volume dominates, followed closely by OKX, Bybit, and Gate. The CFTC is paving the way for the opening of cryptocurrency perpetual contracts in the US market. (The Block)