CEX spot volumes hit 2-year low as exchanges pivot to tokenization and prediction markets
- —July CEX spot volume hit a two-year low, down about 60% from the 2025 peak
- —Non-trading revenue accounts for 61% at Gemini, 60% at Kraken and 48% at Coinbase
- —Binance's spot market share rose to 38.7% in Q2
- —Professional derivatives traders now drive over 70% of total volume
Why it matters: Shrinking volumes pressure liquidity and retail interest, but the shift toward tokenization and RWA keeps the long-term ecosystem intact.
Source: Siam Blockchain