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

2025-07-16 11:59:34

Main Idea

Cryptocurrency spot trading declined by 22% in Q2 2025 despite Bitcoin's price rally, while Bitcoin ETFs and derivatives showed resilience with significant growth.

Key Points

1. Crypto spot trading volumes on major centralized exchanges (CEXs) dropped from $4.6 trillion in Q1 2025 to $3.6 trillion in Q2 2025, marking a 22% decline.

2. Derivatives trading volume dipped slightly by 3.6% in Q2 2025 but remained robust at $20.2 trillion, indicating continued trader preference for high-frequency derivatives.

3. Bitcoin ETFs saw remarkable growth, with major issuers like BlackRock reporting a 370% surge in inflows, contributing to a broader $17.8 billion inflow into global crypto ETPs in H1 2025.

4. Bitcoin's price surged 25% in Q2 2025, reversing a 12% decline from the previous quarter, while altcoin spot trading remained subdued.

5. TokenInsight projects Q3 2025 spot trading volumes to remain low, fluctuating between $3 trillion and $3.5 trillion, continuing the downward trend.

Description

While spot trading on CEXs dropped 22% in Q2, Bitcoin ETFs saw remarkable growth, with major issuers like BlackRock reporting a 370% surge in inflows.

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