Exchange Review April

CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.

  • May 23, 2025
Report cover

Exchange Review April

CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.

  • May 23, 2025

Report Summary

In April, the combined spot and derivatives trading volume on centralized exchanges dipped slightly by 0.41% to $6.79 trillion, the lowest total since October 2024. Spot volumes declined for the fourth consecutive month, falling 10.9% to $1.76 trillion. In contrast, derivatives trading volumes rose 3.78% to $5.14 trillion — the first monthly increase in four months.

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