ChainCatcher report, according to data from The Block, centralized crypto exchange (CEX) trading volume doubled over five days, rising from an annual low to over $37 billion, though still far below the peak of $105 billion set after the large-scale liquidation event on October 10, 2025. CEX trading volume for August to date stands at $490 billion, down from $670 billion in July. The report notes that the rise of spot ETFs and digital asset treasuries may be dampening CEX trading volume, but demand for altcoins will continue to flow to CEXs due to their advantages in listing speed, order book depth, and tools for mid- and small-cap tokens. Bitcoin and Ethereum rose over 23% and 30% respectively last week, while the market cap of altcoins (excluding BTC and ETH) increased by approximately 13% during the same period. The growing popularity of DEXs such as Hyperliquid and Lighter is also diverting trading volume away from CEXs.
Centralized crypto exchange daily volume doubles in 5 days to $37 billion
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Summary
Centralized crypto exchange trading volume doubled in five days, reaching $37 billion, according to The Block. The increase follows a recent annual low but remains below the $10.5 billion peak seen after the October 10 liquidation event. CEX trading volume so far in August stands at $490 billion, down from $670 billion in July. Spot ETFs and digital asset treasuries may suppress trading volume, but faster altcoin listings and deeper liquidity on CEXs continue to attract capital. Bitcoin and Ethereum rose 23% and 30%, respectively, last week, while the altcoin market cap (excluding BTC and ETH) climbed 13%. DEXs such as Hyperliquid and Lighter are also drawing away CEX trading volume.
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