Cryptocurrency spot trading volume on major centralized exchanges (CEXs) dropped by 22% in Q2 2025, falling from $4.6 trillion in Q1 to $3.6 trillion, despite bullish market conditions. Altcoin trading activity and liquidity also decreased, leading to a decline in overall spot trading volume.

MEXC and Bitget were the only exchanges to see a rise in spot trading volumes in Q2, with MEXC recording a 2.7% increase. However, the average daily spot trading volume fell by 23% from $52 billion in Q1 to $40 billion in Q2, indicating a general slump in the market.

Crypto derivatives trading volume remained relatively resilient in Q2 2025, totaling $20.2 trillion, a slight dip from $20.9 trillion in Q1. The market correction impacted sentiment, with concerns about economic slowdown and geopolitical tensions influencing investor behavior.

In contrast to spot and derivative markets, crypto exchange-traded funds (ETFs) saw significant growth in Q2, with BlackRock experiencing a 370% surge in inflows compared to the previous quarter. Global crypto ETPs attracted $17.8 billion in inflows in the first half of 2025, with nearly $15 billion coming from BlackRock alone.

Read more at Cointelegraph: Crypto Spot Trading Drops 22% In Q2 Despite Bitcoin Rally