2026-01-13 05:35:12

The 2025 cryptocurrency exchange market landscape has shown significant changes. Spot trading volume reached $18.6 trillion, a 9% year-on-year increase, but the growth rate has clearly slowed down—compared to the 154% surge in 2024, the expansion momentum has noticeably weakened. Market data indicates that spot trading is approaching saturation, while derivatives trading is expanding its market share, with liquidity showing a trend of concentration towards leading platforms. This divergence reflects a shift in market participants' strategies, with enthusiasm for spot buying and selling cooling off, while demand for leverage trading and derivative tools rises. The phenomenon of funds flowing increasingly towards top exchanges is becoming more evident.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
5
Repost
Share

Comment

0/400

NftBankruptcyClub

· 01-13 06:04

Spot trading is gone, so go play derivatives. Anyway, it's all zero-sum games.

View OriginalReply0

DoomCanister

· 01-13 06:03

The spot growth rate has dropped from 154% to 9%. Now that's the real story—everyone's trading derivatives.

View OriginalReply0

WhaleWatcher

· 01-13 06:01

Spot market 9% growth? That's a recession. Compare it to 154% last year... The Matthew effect is becoming more and more obvious. Small exchanges really can't survive.

View OriginalReply0

FreeRider

· 01-13 05:53

The spot growth rate dropped from 154% directly to 9%, and the speed of this decline... is quite brutal. It seems everyone has started to play with leverage, really.

View OriginalReply0

HodlOrRegret

· 01-13 05:42

Spot trading is losing its appeal; everyone is moving to derivatives. This is probably a sign that people are becoming more savvy.

View OriginalReply0