Binance is responsible for almost 50% of spot cryptocurrency trading
Spot Trading Volume, Increases its Market Share to 40.7%. Binance continues to lead the market... Binance dominates the spot cryptocurrency market and surpasses all exchanges combined.
The largest exchange in the world is approaching 50% market share, outpacing its competitors.
Despite the overall slowdown in the global crypto market, major altcoins like BNB, TON, and EOS continue to trade at relatively high volumes on Binance.
Binance was responsible for nearly 50% of spot cryptocurrency market transactions in the first quarter of 2025. According to data from CryptoQuant, the largest centralized cryptocurrency exchange in the world leads the industry in volume, surpassing all other competitors combined.
Despite the recent decline in trading volumes on other exchanges, Binance remained strong. It recorded significant growth in daily Bitcoin and altcoin transactions.
Binance remains on top
In February, for example, its daily Bitcoin share increased from 33% to 49% by the end of March. Meanwhile, altcoins also grew from 38% to 44% in the same period.
This solid growth demonstrates investor confidence, with Binance maintaining its position as a leader in liquidity and security, even in times of volatility, noted Binance's Regional Vice President for Latin America, Guilherme Nazar.
In February 2025, the price of Bitcoin fell from $96,000 to $90,000 in two days. During this period of high volatility, Binance performed impressively.
The exchange surpassed the trading volume of all other platforms combined. In altcoin trading, Binance's share reached 64%, with $18 billion in volume. This number also exceeded the volume of competitors.
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