While spot trading on CEXs dropped 22% in Q2, Bitcoin ETFs saw remarkable growth, with major issuers like BlackRock reporting a 370% surge in inflows.
Cryptocurrency spot trading declined by another 22% in Q2 2025, extending its slump despite bullish market conditions, according to a new report.
After falling from $5.3 trillion in Q4 2024 to $4.6 trillion in Q1 2025, crypto spot trading volumes on major centralized exchanges (CEXs) plunged further to $3.6 trillion in Q2, the crypto analytics platform TokenInsight said in its latest exchange report released on Wednesday.
The ongoing downturn in the spot market came amid a drop in altcoin trading activity and liquidity in Q2, which contrasted with resilience in derivatives markets.
