CEXs Process $19.17T in Spot Crypto Trading in 2025, TradFi Expands with $37B M&A Activity

Gate News message, cryptocurrency exchanges processed $19.17 trillion in spot crypto trading in 2025, while equities reached $155 trillion and foreign exchange markets conducted $9.6 trillion in daily trading. The market has witnessed $37 billion deployed in TradFi M&A by major players, alongside the rise of multi-asset CEX models and native versus acquisition-led strategies.

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