The month of February 2025 recorded a significant decline in trading volumes for spot and derivatives on major centralized exchanges (CEX). According to CoinGecko data, the spot trading volume decreased by 21% compared to January. Derivatives trading also experienced a contraction of 17% in the same period.
Spot Trading: Bitfinex on the rise despite the general decline
Despite the overall decline, some exchanges recorded positive results. Bitfinex increased its spot trading volume by 14%, making it the top performer. It is followed by MEXC with a +3% and Bitget, which instead recorded a decline of 15%, but still remained among the best in terms of percentage change.
On the other hand, some exchanges have experienced strong contractions. Upbit recorded a -46%, marking the worst performance among the platforms analyzed. Also, Crypto.com (-29%) and Kraken (-27%) have experienced significant drops in spot trading volumes.
Derivatives market: MEXC and Gate.io resist the bear tr
We współpracy z: https://en.cryptonomist.ch/2025/03/12/trading-volumes-on-centralized-exchanges-decrease-in-february-2025/
