CoinGecko Reports $85.3 Trillion Trading Volume on Centralized Exchanges in 2025
The CoinGecko 2026 Crypto Perpetuals Report reveals that centralized exchanges (CEXs) processed $85.3 trillion in trading volume in 2025, highlighting their continued significance in crypto liquidity. This data comes as the industry transitions from a CEX-centric model to a more diversified liquidity landscape, according to Crypto Adventure.
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The CoinGecko 2026 Crypto Perpetuals Report indicates that centralized exchanges (CEXs) handled a staggering $85.3 trillion in trading volume during 2025. This figure underscores the importance of centralized derivatives platforms in the cryptocurrency ecosystem, even as decentralized alternatives gain traction.
Perpetual contracts have evolved into a key trading structure. They have been fundamental in driving market liquidity for nearly a decade. The report highlights a significant shift, suggesting that the market is moving away from reliance solely on CEXs as liquidity providers. This indicates a potential emergence of more competitive dynamics among centralized and decentralized platforms.
As the sector continues to evolve, it will be crucial to monitor how this shift impacts trading behaviors and the overall market landscape. Observers should watch for developments in decentralized exchanges and other liquidity sources, as they could redefine the competitive environment.
Summary based on original reporting by Marius Bogdan Dinu at Crypto Adventure, originally published May 21, 2026. SolanaWire does not republish source content.
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