Bitcoin News Today: CEX Spot Trading Surges 30% as Bitcoin Rallies and Regulators Clarify Rules

Generated by AI AgentCoin WorldReviewed byAInvest News Editorial Team
Friday, Oct 24, 2025 5:54 am ET1min read
Aime RobotAime Summary

- CEX spot trading surged 30.6% in Q3 2025 to $4.7T, driven by Bitcoin's $123k rally and institutional inflows after regulatory clarity.

- Derivatives volume rose 29% to $26T, with Binance leading spot (43%) and derivatives (31.3%) markets despite regulatory scrutiny in South Korea.

- LBank emerged as a growth leader with 4% global spot share, boosted by emerging asset strategies and CertiK partnerships.

- Challenges persist: Binance faces $106M GOPAX compensation demands and a $19B crash backlash, highlighting market integrity risks.

- TokenInsight warns derivatives markets face structural transformation as spot volumes gain traction amid Bitcoin's dominance.

Crypto spot trading on centralized exchanges (CEXs) surged 30.6% in Q3 2025, reversing a two-quarter decline and reaching $4.7 trillion in total volume, driven by Bitcoin's rally above $123,000 and renewed institutional interest. The rebound, reported by analytics firm

TokenInsight
, marks a pivotal shift in market dynamics after early-year dips linked to regulatory uncertainty and macroeconomic headwinds. Derivatives trading also rose 29% to $26 trillion, maintaining its dominance over spot markets.
Cointelegraph
likewise noted a roughly 31% recovery in spot activity for the quarter.

Binance retained its leadership, capturing 43% of spot market share, while MEXC and Bybit trailed at 9% each. The exchange's derivatives market share climbed to 31.3% in September, widening its lead over rivals like OKX (15%) and Bybit (12%).

LBank
, meanwhile, emerged as a key growth story, reporting $4.23 billion in 24-hour spot volume and a 4% global market share, propelled by strategic expansions in emerging assets and partnerships with security firms like CertiK.

The recovery was fueled by a confluence of factors: Bitcoin's price surge, improved regulatory clarity in key regions, and inflows into spot markets from institutional investors. TokenInsight noted that stablecoin pairs accounted for over 60% of spot activity, serving as a liquidity buffer during volatile periods. Retail participation also spiked, with CEX app downloads rising 18% quarter-over-quarter.

However, challenges persist. Binance faces scrutiny in South Korea over frozen $106 million in GOPAX GoFi user funds, with

South Korean lawmakers
demanding compensation as a condition of its 2023 acquisition approval. Separately, traders blamed Binance for a $19 billion crash linked to order rejections during extreme volatility,
according to Forbes
. These incidents highlight ongoing concerns about market integrity and regulatory compliance for global exchanges.

While derivatives trading remains dominant, spot volumes gained traction as investors sought direct asset exposure amid Bitcoin's rally. TokenInsight warned that the derivatives market is entering a "phase of structural transformation," with intensified competition from emerging platforms.