Institutional Spot FX Trading Volume in May 2025 Falls 27.06% Monthly

In May 2025, institutional spot FX trading volumes on major platforms declined significantly. Among the five major venues—Cboe FX, Euronext FX, FxSpotStream, 360T, and CME EBS—the total volume dropped by 27.06% month-on-month. The sharpest decrease was recorded by Euronext FX, down 27.92%. The detailed trading volumes are as follows:

Cboe FX

In May 2025, Cboe FX's spot ADV was US$47.49 billion, compared to US$61.904 billion in April, marking a 23.34% decrease.

Euronext FX

In May 2025, Euronext FX's spot ADV was US$27.503 billion, down 27.92% from US$38.162 billion in April.

FxSpotStream

In May 2025, FxSpotStream's spot ADV was US$68.006 billion, a 25.62% decline from US$91.400 billion in April.

360T

In May 2025, 360T's spot ADV was US$32.719 billion, compared to US$39.579 billion in April, a 17.35% drop.

CME EBS

In May 2025, CME EBS's spot ADV was US$67.800 billion, down 24.08% from US$89.300 billion in April.