Centralized cryptocurrency exchange spot trading volumes fell to their lowest level since October 2023 in April.

CoinFeed reported on June 8th that, according to CryptoBriefing, CryptoQuant data shows that spot trading volume on centralized cryptocurrency exchanges (CEXs) fell to $679 billion in April, the lowest monthly level since October 2023. This represents a 46% year-over-year decline and a drop of approximately 67% from the peak in October 2025. Perpetual futures trading volume is down 53% from its October 2025 high. The continued contraction in spot trading volume reflects weakening retail investor interest. Large exchanges can hedge the impact through derivatives, custody, and staking services, but smaller exchanges are more vulnerable. Liquidity is further concentrating on leading platforms such as Binance, OKX, Coinbase, Kraken, and Bybit.