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In 2025:
>total crypto exchanges Spot Volume hit $18.8T (+9% YoY)
>total Perpetual Future trading volume surged to $61.7T
most of the flow went through @
> in spot trades saw nearly $7T in volume (holding 41% market share among top CEXs)
> in future trade led with $btc perpetuals with $25.4T in volume (holding 42% market share among top CEXs, up 20% from 2024)