Crypto spot trading down 22% in Q2 despite Bitcoin rally: report

Centralized exchanges encountered a significant drop in crypto spot trading volumes to 3.6 trillion USD in Q2 2025. This decline followed a previous decrease from 5.3 trillion USD in Q4 2024. Economic uncertainty and low altcoin activity were major contributors.

Conversely, derivatives trading reached 20.2 trillion USD in Q2 despite a minor dip. Furthermore, Bitcoin’s price rebounded by 25% during the same period, contrasting the overall trading downturn.

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