Spot crypto trading volume on centralized exchanges (CEXs) has plunged 74% since August 2025
The sharp decline highlights a significant slowdown in market activity, with fewer traders and lower overall liquidity across major exchanges.
It's no surprise that another once-prominent Bitmart crypto exchange has recently announced its closure. Since exchanges primarily earn revenue from trading fees, a dramatic drop in trading volume directly impacts their profitability. Without sufficient market activity, sustaining operations becomes increasingly difficult, especially for smaller or struggling platforms.
July 28, 2026 33.7K 2
