Data: Spot Crypto Exchange Trading Volume Drops to $15 Billion, Hitting a New Year-to-Date Low

Odaily reported that The Kobeissi Letter stated on the X platform that, according to Kaiko data, the average daily trading volume across the 44 spot crypto exchanges it tracks fell to approximately $15 billion last week, marking a new year-to-date low and representing a decline of about 70% from the peak seen in January this year. Since December 2025, the average daily trading volume in the market has fallen by around 50% to $20 billion. Meanwhile, trading activity has become further concentrated among leading platforms, with the top six exchanges accounting for over 60% of market trading activity, indicating a continued contraction in overall liquidity in the crypto market.