Crypto Spot Trading Surges 31% on Centralized Exchanges Q3 2025

Crypto spot trading on centralized exchanges (CEXs) experienced a strong rebound in the third quarter of 2025, with volumes rising by approximately 30-31%, reaching between $4.7 trillion and $5.1 trillion across reports. This recovery was largely driven by a surge in Bitcoin's price, which hit record highs above $123,000, alongside institutional inflows into Bitcoin ETFs totaling $7.8 billion, and increased retail participation. Binance maintained its dominance in the market, capturing around 40-43% of spot trading volume and setting new quarterly volume records, while exchanges like KuCoin expanded their market share and improved compliance credentials. Despite the spot trading surge, derivatives trading remained the largest segment on CEXs, with volumes hitting $26 trillion, reflecting growing investor sophistication. Market optimism was tempered by persistent inflation, geopolitical risks, and ongoing regulatory challenges, including investigations into Binance and related market disruptions. Overall, the crypto exchange sector showed signs of maturation with increased regulatory readiness, regional expansion, and stronger liquidity, signaling cautious but renewed investor confidence.