Crypto Exchange Report Q2 2026
Q2 2026 moved the crypto exchange industry from broad deleveraging into a phase of cautious stabilization. Total trading volume declined a further 8% QoQ to $16.5 trillion, but the underlying mix improved as spot volume rebounded from $3.3 trillion to $4.5 trillion while derivatives activity fell from $14.6 trillion to $12.0 trillion. At the same time, market share continued to consolidate around the largest venues, while TradFi perpetuals emerged as the clearest incremental growth segment. Against this backdrop of improving spot participation, restrained leverage, and accelerating product diversification, this report examines 20 major exchanges across trading volume, open interest, and the expanding equity and commodity perpetuals market.2 Hours Ago
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