Binance, KuCoin, Upbit, and several other major centralized exchanges simultaneously recorded significant declines, painting a contrasting picture of the cryptocurrency market in the summer of 2025. Although this may only be a temporary adjustment, it also reflects a more cautious investment landscape, accompanied by shifts in the behavior of modern crypto users. CEXs Are Gradually Losing Spotlight Amid a volatile crypto market shaped by liquidity concerns and shifting investor sentiment, a recent report from Wu Blockchain reveals a worrying trend. Trading volumes on centralized exchanges (CEXs) dropped sharply in June 2025
source: https://beincrypto.com/centralized-exchanges-trading-volume-june-2025/