Crypto exchange trading volumes have reached unprecedented levels in 2025, with combined CEX and DEX markets posting staggering figures. According to data from CryptoQuant CEO Ki Young Ju, the cryptocurrency trading landscape has expanded dramatically—spot trading across centralized exchanges and decentralized protocols has surged to $18 trillion, while futures markets have exploded to $61 trillion.
This explosive growth underscores the maturation of crypto markets and increased institutional participation. The bifurcation between CEX and DEX volumes reveals how traders are increasingly diversifying their trading venues, leveraging both traditional centralized platforms and decentralized protocols based on their specific needs.
The futures market's dominance—reaching more than three times spot trading volume—highlights how leverage and derivatives have become integral to modern crypto trading strategies. Whether it's hedging positions, speculating on price movements, or yield optimization, these record volumes demonstrate the sophistication and scale the industry has achieved.
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ChainMemeDealer
· 7h ago
6.1 Quadrillion in Futures? Is this data real? It sounds a bit unbelievable.
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Now everyone trading coins is starting to use leverage, retail investors are still bottom-fishing, while institutions have already made a killing in futures.
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Wait a minute, 18 trillion in spot and 61 trillion in futures... this ratio doesn't add up.
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Both CEX and DEX are so competitive now, it shows that the crypto world is really mature, or is it a sign of an impending crash?
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Triple the futures volume, no wonder we see people getting liquidated every day. This is just an institutional playground.
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18 trillion and 61 trillion, I can't wrap my head around these numbers. What are retail investors still trying to achieve?
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Leverage is truly a double-edged sword. It’s exhilarating when you make money, but there's nothing to say when you lose.
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Is the data from Ki Young Ju reliable? I always feel like the data in the crypto world is just hype.
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Futures are off the charts. Hedging optimization sounds fancy, but it’s really just a variation of gambling.
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Only 18 trillion in spot and still proud? Futures have skyrocketed to 61... this market is crazy.
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ImpermanentPhobia
· 11h ago
6.1 quadrillion in futures volume? This number is just too outrageous, institutions are really aggressive in entering the market.
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Anon4461
· 11h ago
61 trillion in futures? Bro, you better put a question mark on that number...
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BagHolderTillRetire
· 11h ago
610 trillion futures, is this number real? I feel like it's a bit exaggerated...
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CEX and DEX diversion, in simple terms, it's institutions taking advantage of retail investors, went off-topic haha
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Playing with such high leverage, someone will inevitably get liquidated sooner or later, don't talk about maturity...
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180 trillion in spot? Come on, the big players are all in the futures gamblers' hands
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When institutions enter the market, it means the harvest season for retail investors has arrived. I've seen through it long ago
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GasBankrupter
· 11h ago
61 trillion in futures? Bro, that's an outrageous number. How many people are risking it all...
Crypto exchange trading volumes have reached unprecedented levels in 2025, with combined CEX and DEX markets posting staggering figures. According to data from CryptoQuant CEO Ki Young Ju, the cryptocurrency trading landscape has expanded dramatically—spot trading across centralized exchanges and decentralized protocols has surged to $18 trillion, while futures markets have exploded to $61 trillion.
This explosive growth underscores the maturation of crypto markets and increased institutional participation. The bifurcation between CEX and DEX volumes reveals how traders are increasingly diversifying their trading venues, leveraging both traditional centralized platforms and decentralized protocols based on their specific needs.
The futures market's dominance—reaching more than three times spot trading volume—highlights how leverage and derivatives have become integral to modern crypto trading strategies. Whether it's hedging positions, speculating on price movements, or yield optimization, these record volumes demonstrate the sophistication and scale the industry has achieved.