Prediction markets defy crypto downturn with record Q2 volume: CoinGecko

Prediction markets reached a record $113.8 billion in notional volume in Q2 as spot CEX trading, derivatives volume and stablecoin market cap declined.

Cryptocurrency markets struggled broadly in the second quarter of 2026, with declines across stablecoins, spot trading and derivatives, but prediction markets reached record highs.

Spot trading volume across the top 10 centralized exchanges (CEXs) fell to $1.95 trillion in the second quarter of 2026, a 27.9% drop from $2.7 trillion in Q1, according to CoinGecko’s latest Crypto Industry Report published Thursday.

CEX perpetual futures volume also declined 10% to $12.7 trillion, while the stablecoin market slipped 1.6% to $305.1 billion. In contrast, prediction markets recorded their strongest quarter on record with $113.8 billion in notional volume.

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