CoinDesk – Exchange Review, Jun 2025

The main theme of the report is the analysis of the cryptocurrency market, focusing on trading volumes on centralized exchanges in both spot and derivatives segments.

Key findings include a 22.8% decrease in total trading volume to $6.48 trillion, the lowest level since October 2024. Spot trading volumes fell by 26.7% to $1.44 trillion, while derivatives trading volumes dropped by 21.6% to $5.04 trillion. The market share of derivatives rose to 77.8%, the highest level since September 2023. These changes are attributed to price volatility in digital assets amid heightened geopolitical tensions in the Middle East.