Cryptocurrency spot buying and selling on main centralized exchanges (CEXs) recovered in the course of the previous quarter, reversing the downward pattern that started in early 2025.
The entire spot quantity for the highest 10 CEXs surged by 30.6% within the third quarter, netting $4.7 trillion, crypto analytics platform TokenInsight reported in its newest alternate evaluation printed Friday.
The surge marked a notable pattern reversal after CEX spot volumes suffered two steep declines within the first half of the 12 months, signaling renewed investor curiosity as Bitcoin (BTC) rallied to new highs above $123,000 in August.
Regardless of the spot market spike, derivatives buying and selling remained dominant on CEXs, with buying and selling volumes additionally rising about 29% to $26 trillion from $20.2 trillion in Q2.
Binance tops spot market share with 43%
Binance, the world’s largest CEX by buying and selling quantity, remained the chief within the spot market in Q3 2025, accounting for about 43% of the market.
The alternate has constantly captured greater than two-fifths of general CEX spot buying and selling volumes, nicely forward of opponents resembling MEXC and Bybit, which every held round 9%.
In derivatives markets, Binance additionally maintained its main place in Q3, with its market share rising considerably in September to 31.3%, based on TokenInsight knowledge.
In the meantime, rival exchanges OKX and Bybit noticed their market shares decline over the previous quarter, however nonetheless held onto their second and third positions, respectively.
Amongst different exchanges, solely Gate, KuCoin and BingX recorded notable development, underscoring resilience amid elevated market volatility, TokenInsight stated.
“Total, the derivatives market is coming into a part of structural transformation. The main exchanges proceed to take care of their dominant positions, though an growing variety of opponents are rising, intensifying market competitors,” the report famous.
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Cointelegraph by Helen Partz Crypto Spot Trading Rises 31% In Q3 cointelegraph.com 2025-10-24 09:36:47
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