Q2 Spot Trading drop 22%, Derivatives remain stable, Bitcoin ETF inflows dey soar
Crypto spot trading volume for major centralized exchanges fall sharply by 22% for Q2 2025, drop from $4.6 trillion for Q1 reach $3.6 trillion, TokenInsight talk. Altcoin liquidity and trading activity still dey weaken. But derivatives trading still solid, dip only 3.6% from Q1 reach $20.2 trillion. Institutional demand na make different trend: Bitcoin ETFs collect $17.8 billion inflow for H1, with $15 billion waka enter BlackRock-led tins—370% jump quarter-on-quarter. This surge help push Bitcoin price up 25% for Q2, reverse 12% fall for Q1. Small-small CEXs no follow spot-volume fall. Gate lead market share gain with 2.55% quarter-on-quarter rise, because security steady, $256 million net daily inflow peak and 126% reserve coverage. Gate new xStocks tokenized stock contracts also bring new money. MEXC and Bitget get 2.7% and 0.7% spot-volume increase respectively, while OKX, HTX and KuCoin also dey grow. Looking forward, TokenInsight expect Q3 spot trading to remain low between $3 trillion and $3.5 trillion because macro wahala still dey.
Bullish
Even tho crypto spot trading volume don drop sharply by 22%, di strength wey derivatives trading get plus di record inflow dem into Bitcoin ETFs dey show say demand still dey strong. For short term, small spot liquidity fit limit how market dey move and how people fit trade. But institution dem wan buy—wey clear from 370% jump for ETF inflows—plus di way platforms like Gate, MEXC and Bitget still dey gain market share, e go support Bitcoin price momentum. For long term, plenty different trading channels plus di growth for tokenized products like xStocks go attract fresh money and improve market depth, wey go make outlook still bullish.