PANews reported on April 10th that, according to Cryptopolitan, CryptoQuant data shows that centralized exchange (CEX) trading volume has plummeted nearly 50% from its peak of over $8 trillion in October 2025 to $4.3 trillion, a 17-month low. Perpetual contract trading volume reached $3.5 trillion, approximately four times that of spot trading, accounting for over 70% of total CEX trading volume. Institutional and professional traders dominate the derivatives market, contributing a combined $3.5 trillion of the $4.3 trillion in total derivatives trading volume. Binance remains the market leader, with nearly $1 trillion in spot trading volume year-to-date and $1.4 trillion in perpetual contract trading volume in March, representing a market share of approximately 40%. OKX and Bybit hold 19% and 13% of the perpetual contract market share, respectively.