After steep declines in Q1 and Q2, crypto spot trading on CEXs rebounded significantly, with volumes approaching those of late 2024.
Cryptocurrency spot trading on major centralized exchanges (CEXs) recovered during the past quarter, reversing the downward trend that began in early 2025.
The total spot volume for the top 10 CEXs surged by 30.6% in the third quarter, netting $4.7 trillion, crypto analytics platform TokenInsight reported in its latest exchange analysis published Friday.
The surge marked a notable trend reversal after CEX spot volumes suffered two steep declines in the first half of the year, signaling renewed investor interest as Bitcoin (BTC) rallied to new highs above $123,000 in August.
