TokenInsight – Crypto Exchange Report: Exchange Industry, Q3 2025
The main theme of the report is the analysis of the state of the cryptocurrency market and the crypto exchange industry in the third quarter of 2025.
Key findings include the recovery of the cryptocurrency market with an increase in Bitcoin ETF inflows by $7.8 billion. Bitcoin's market share increased to approximately 64%, with prices ranging from $108,000 to $124,000. The total cryptocurrency market capitalization grew from $3.46 trillion in June to nearly $4 trillion by the end of September. The total trading volume on the top 10 crypto exchanges reached $28.3 trillion, up 30.41% from the previous quarter. Binance maintained its leading position in both spot and derivative trading. The market is expected to remain cautiously optimistic in the fourth quarter of 2025, despite inflationary and geopolitical risks.
