RISK WARNING : Devido ao factor de risco ser muito alto no trading no mercado Forex, somente os fundos livres devem ser usados para este trading. Se você não tiver o capital extra, que pode perder, não deve fazer trading no mercado Forex. O trading no Forex é conveniente somente para os traders institucionais ou traders privados experientes que podem resistir a perdas financeiras e que podem exceder o valor de margem ou depósitos. O investimento implica riscos substanciais, incluindo a possibilidade de perda total de capital e outras perdas que podem ser inaceitáveis para muitas pessoas. O governo não protege investimentos de perdas no mercado, diferentemente de poupança e de contas correntes num banco. Vários instrumentos de mercados financeiros têm diferentes tipos de riscos e de vários níveis. Trading em sistema electrónico pode ser diferente não somente de trading num mercado de leilão, mas também de outros sistemas de trading electrónico. Se você executa transacções usando um sistema electrónico de trading, estará exposto a riscos relativos a este sistema, incluindo falhas de software e hardware (programas de computador). O resultado desta falha pode ser que sua ordem não tenha sido efectuada conforme as suas instruções ou não tenha sido executada. Transacções realizadas em mercados de jurisdições estrangeiras, incluindo os mercados anteriormente ligados a um mercado nacional, podem expor você a riscos adicionais. Tais mercados podem estar sujeitos a regras e leis, que oferecem outras condições de protecção ou debilitá-los. Sua autoridade reguladora local não será capaz de forçar o cumprimento das regras das autoridades reguladoras, ou dos mercados em outras jurisdições onde suas transacções foram efectuadas. Você precisa obter a informação completa sobre tipos de compensação existente, as regras aplicáveis na jurisdição do seu país e outras jurisdições relevantes, antes de começar a fazer trading. Nenhum sistema de negociação "seguro" foi descoberto/reconhecido e ninguém pode garantir lucros ou liberdade de perda. Qualquer desempenho apresentado neste blog, não garante resultados futuros. Nenhuma representação é feita que qualquer conta é susceptível de obter lucros ou perdas semelhantes aos mostrados. De facto, existem diferenças acentuadas entre os resultados de desempenho anteriores e os resultados futuros subsequentemente alcançados por qualquer configuração de conta particular. Existem inúmeros outros factores relacionados com os mercados em geral ou com a implementação de qualquer configuração de conta específica que não possa ser totalmente contabilizada na preparação de resultados de desempenho anteriores e que possam afectar negativamente os resultados futuros de negociação. Uma vez que a negociação com êxito depende de muitos elementos, incluindo mas não limitado a uma configuração de conta . Por favor, perceba o risco envolvido como qualquer investimento e consulte Profissionais de Investimento antes de equacionar investir/operar.
Because the risk factor is very high in Forex trading, only free funds should be used for this trading. If you do not have the extra capital that you can lose, you should not do trading in the Forex market. Forex trading is only convenient for institutional traders or experienced private traders who can withstand financial losses and who may exceed the margin amount or deposits. The investment entails substantial risks, including the possibility of total loss of capital and other losses that may be unacceptable to many people. The government does not protect investments from losses in the market, unlike savings and checking accounts at a bank. Several financial market instruments have different types of risks and different levels. Trading in electronic systems may differ not only from trading in an auction market, but also from other electronic trading systems. If you execute transactions using an electronic trading system, you will be exposed to risks related to this system, including software and hardware failures (computer programs). The result of this failure may be that your order has not been carried out according to your instructions or has not been carried out. Transactions in markets of foreign jurisdictions, including markets formerly linked to a domestic market, may expose you to additional risks. Such markets may be subject to rules and laws, which offer other conditions of protection or weaken them. Your local regulatory authority will not be able to force you to comply with the rules of regulatory authorities, or markets in other jurisdictions where your transactions were made. You need to get complete information on existing compensation types, applicable rules in your country's jurisdiction and other relevant jurisdictions, before you start trading. No "safe" trading system has been discovered / recognized and no one can guarantee profits or freedom from loss. Any performance featured on this blog does not guarantee future results. No representation is made that any account is likely to make profits or losses similar to those shown. In fact, there are sharp differences between the previous performance results and future results subsequently achieved by any particular account configuration. There are a number of other factors relating to markets in general or to the implementation of any particular account configuration that can not be fully accounted for in the preparation of past performance results that could adversely affect future trading results. Since trading successfully depends on many elements, including but not limited to an account setup. Please note the risk involved as any investment and consult Investment Professionals before considering investing / operating.
Cumprimentos Marco Henriques

19/07/2025

first it seems strange, then it becomes familiar ( Crypto Exchanges Report Q2 2025 )

In Q2 2025, following a deep correction in Q1, the cryptocurrency market began to show signs of recovery, primarily driven by inflows from ETF products and a strong rally in Bitcoin. On the policy front, expectations of a Federal Reserve rate cut and improving U.S. employment data contributed to a partial recovery in market sentiment. However, geopolitical tensions and sluggish global economic growth continued to limit a broader rebound. By the end of Q2 2025, the total crypto market capitalization had rebounded to approximately $3.46 trillion, marking a quarter-on-quarter increase of around 28.2%.



In such volatile market conditions, how did exchanges perform? Q2 2025 Exchange Report, delivering timely insights into the industry’s performance. This report summarizes key data trends, aiming to help readers understand the evolving dynamics of the exchange market through comprehensive data analysis.

In Q2 2025, total trading volume across the top 10 crypto exchanges reached $21.6 trillion, down 6.16% from Q1. Although Bitcoin rebounded, broader market participation remained weak, with capital concentrated in a few large-cap assets. Ongoing macro uncertainty, slow regulatory progress, and cautious investor sentiment continued to weigh on activity, marking the second straight quarter of declining volume.

Bitcoin rose from $83,000 to a peak of $111,900, ending the quarter near $106,000. However, most other assets saw limited recovery, and many altcoins experienced sharp drops in liquidity and trading activity. Without fresh policy support or strong inflows, market volumes may stay subdued in the near term.

In Q2 2025, Binance held a trading volume share of 35.39%, marking a slight decline from Q1 2025. Nevertheless, it remained the only exchange consistently capturing more than one-third of the market share.

Five exchanges saw market share growth this quarter: OKX, Bitget, HTX, Gate and KuCoin. Gate led the gains with a 2.55% increase, followed by OKX with 1.08% quarter-on-quarter growth.

In Q2 2025, the spot trading volume as a proportion of total trading volume continued to decline across most exchanges. MEXC saw the largest increase in spot share, rising by 2.70%, followed by Bitget.

Traders maintained their Q1 preference for high-frequency derivatives trading amid market uncertainty, aiming to hedge risks and leverage volatility. This trend also underscored a sharper downturn in the spot market, as liquidity and trading activity in many altcoins dropped significantly, in contrast to the relative resilience of derivatives markets.

In Q2 2025, the spot market continued to decline compared to Q1 2025, with the average daily trading volume dropping from $51 billion in Q1 to $40 billion in Q2. The total spot trading volume across major exchanges was approximately $3.63 trillion, down 21.7% from $4.6 trillion in Q1.

However, due to ongoing economic uncertainty and low liquidity and trading activity in the altcoin spot market, spot trading volume in Q3 2025 is expected to remain subdued, fluctuating between $3.0 trillion and $3.5 trillion.

In Q2 2025, total derivatives trading volume reached $20.2 trillion, down 3.6% from $20.9 trillion in Q1, reflecting the continued impact of market correction.

Although market sentiment was briefly lifted in early April by the Federal Reserve’s decision to pause rate hikes, concerns over global economic slowdown and geopolitical tensions continued to dominate investor behavior. Average daily trading volume declined to $226 billion in Q2, down from $233 billion in Q1, indicating a further weakening of risk appetite.

In Q2 2025, Binance maintained its leading position in the open interest market with an average market share of 23.83%, up 0.36% from 23.47% in Q1. HTX, Bitget, and OKX recorded the largest gains in market share, increasing by 1.19%, 0.71%, and 0.63%, respectively.

Following a period of divergence in Q1, exchange tokens continued to show mixed performance in Q2 2025, with all major tokens significantly underperforming Bitcoin’s 31.62% gain. Among them, BNB recorded the highest gain of 8.91% (Note: BNB is the native token of BNB Chain and is also used across various activities on the Binance platform; it is not a narrow-sense exchange token). OKB, BGB, and KCS saw modest increases, while most other major exchange tokens experienced declines.

On one hand, BTC rallied strongly on the back of inflows from spot ETFs and greater regulatory clarity in the U.S., but exchange tokens failed to benefit from the same momentum. On the other hand, exchange tokens remain closely tied to the altcoin market, where trading activity and liquidity declined notably during the quarter—further weakening support for platform tokens. Looking ahead, the performance of exchange tokens is expected to remain divergent in Q3 2025.

Good trades Traders.


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