Crypto spot trading volumes on centralized exchanges jumped ~36% in October 2025, showing a strong rebound.
Q3 2025 saw $4.7 trillion in spot volume, up ~30.6%, helped by a Bitcoin rally.
But earlier, in Q2, spot trading dropped 22% to $3.6 trillion.
Some investors are shifting toward ETFs and derivatives, reducing direct spot demand.
Also, weakening macro conditions and lower altcoin liquidity are weighing on spot market strength.
