Binance, KuCoin & Upbit volumes tank as traders flock to decentralized exchanges

June 2025 witnessed a notable decline in trading volumes across major centralized exchanges, with MEXC experiencing the highest drop at 44%. Binance’s volume decreased by 22%, indicating a shift in investor sentiment.

The decline reflects not just market correction after early 2025 growth but also the influence of geopolitical tensions. These factors are prompting traders to gravitate towards decentralized exchanges.

Decentralized exchanges reported around 391 billion USD in June, showcasing a growing preference among users for privacy-focused platforms. The next few months will be critical for market observers.

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