Centralized Crypto Exchange Spot Volume Fell to $679B in April, the Lowest Since October 2023
CryptoSlate, citing a CryptoQuant report, said centralized crypto exchange spot trading volume fell to $679 billion in April, the lowest level since October 2023. The figure was down 46% year-on-year and 67% from its October 2025 peak, while perpetual futures volume also declined 53% from its peak.
As retail trading activity weakens, exchanges including Binance and Gate are expanding into TradFi-style perpetual products tied to gold, silver, oil, stocks and indices. The report said monthly TradFi perpetual volume on crypto exchanges reached about $450 billion in March 2026, with gold and silver contracts accounting for more than 90% of peak-month volume.