Crypto 交易所季度报告 Q2 2025

tokeninsight_zhPublished on 2025-07-15Last updated on 2025-07-17

2025 年第二季度，在经历了第一季度的深度调整之后，主要受到 ETF 资金入场以及比特币强势上涨的推动，加密货币市场的整体市值表现出一定的恢复势头。排名前十的加密货币交易所总交易量为 21.6 万亿美元，较第一季度下降 6.16%，显示出尽管加密市场整体市值回升，但市场交易活跃度仍显不足。

现货市场方面， 2025 年第二季度出现持续性的较为显著的下滑，总交易量下降至 3.63 万亿美元，较第一季度的 4.6 万亿美元下降 21.7%。衍生品市场方面，2025 年第二季度的交易量为 20.22 万亿美元，较第一季度的 20.97 万亿美元下降 3.6%。

展望 2025 年第三季度，尽管全球宏观环境仍充满不确定性，但随着美国数字资产监管法案初步落地、ETF 产品进一步推进，以及美股代币化的推行和大型金融机构加速进场，加密市场有望在今年第三季度进入新一轮结构性发展周期。

以上为 2025 年第二季度加密交易所报告的部分摘要，如果您对排名前十加密交易所的季度表现感兴趣，请移步英文版阅读完整报告。

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