- Trading volume on centralized exchanges, or CEX, remains at about one-third of its recent peak, showing only a limited recovery despite a sharp rise in digital-asset prices.
- In this market cycle, spot investment demand is being spread across spot ETF products for Bitcoin (BTC) and Ether (ETH) as well as digital asset treasury companies (DAT).
- Growth in DEX platforms such as Hyperliquid and lighter, along with demand for altcoin trading, is reinforcing a structure in which investment demand is split across CEX, ETF, DAT, and DEX.
Crypto Exchange Volume Doubles in Five Days as ETF, DEX Growth Limits Recovery
Crypto exchange trading volume reportedly doubled over five days, signaling a sharp increase in market activity. However, growth in ETF and decentralized exchange activity is described as limiting the broader recovery.
bloomingbit
Publisher
Aug 25, 2026 at 2:47 AM UTC · 2 min de lectura
Market Impact
Total MCap+3.13%
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Forecast Trend Report by Period
Trading volume on centralized crypto exchanges doubled in five days as digital-asset prices surged, but the rebound remains limited compared with past bull markets as demand is spread across spot exchange-traded funds and decentralized exchanges.
The Block reported on Aug. 24 that weekly trading volume on centralized crypto exchanges rebounded sharply from this year's low to more than $37 billion. Even so, that was still about one-third of the $105 billion high recorded over the past 12 months, set just after large-scale liquidations on Oct. 10, 2025.
A similar trend is visible in monthly trading. So far in August, about $490 billion has traded on centralized exchanges, below the $670 billion recorded in July. In the current market cycle, the arrival of spot Bitcoin and Ether ETFs has diverted spot investment demand that was once concentrated on centralized exchanges.
Market Context
Bitcoin
BTC
$80,599
+4.76% (24H)
Market Cap
$1.62T
24H Volume
$43.7B
24H High
$81,200
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