Spot Trading Volume on Major Exchanges Plunges 74% Year Over Year

Centralized exchange spot volume drops 74% YoY. Binance leads share while smaller platforms see steeper declines, signaling market consolidation and reduced activity.

Woofun AI data shows that spot trading volume across major centralized cryptocurrency exchanges has decreased by 74% compared to the same period last year. Binance maintains the largest market share, followed by Coinbase, Bybit, and Gate in trading activity rankings.

Smaller and mid-sized exchanges experienced disproportionately sharper volume declines than industry leaders. This disparity indicates a shift toward established platforms as traders prioritize liquidity and safety during periods of reduced market enthusiasm.