CEX Trading Volumes Plummet in March 2025: Market Shifts and Regulatory Impact

March 2025 witnessed a significant decline in trading volumes across major centralized exchanges (CEXs), according to the latest report. While Binance remained a dominant player, legal challenges concerning its CEO, Changpeng Zhao, contributed to volume drops. Spot market volume saw an impressive fall of 16%, while derivatives experienced a more moderate decline of 5%. Smaller exchanges like HTX and Kraken exhibited localized increases in trading activity. This shift signals a potential turning point in the crypto trading landscape and could impact investor strategies and exchange dominance.