Crypto exchange volumes hit record highs in 2025 as CEXs, DEXs hit $18T
Cryptocurrency exchange activity increased in the previous year, with total controlled and decentralized spot trading volumes reaching approximately $18.6 trillion, according to CryptoQuant, a blockchain analytics platform.
The $18.6 trillion was up 9% year-over-year, although growth was significantly reduced compared to 2024’s 154% rise. On the other hand, Perpetual futures activity continued to be strong, increasing 29% year over year to $61.7 trillion, a $13.8 trillion increase over 2024.
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Crypto exchange volumes keep growing. In 2025, combined CEX and DEX volume reached $18T in spot and $61T in futures. pic.twitter.com/UqofSO2ScI
