Binance Dominates CEX Market Despite Competition
TokenInsight’s exchange market analysis report shows Binance continues to dominate the centralized exchange (CEX) market, holding over one-third of total CEX trading despite competition from platforms like MEXC and Bitget.
Q4 2024: Binance recorded $9.95 trillion in trading volume, maintaining its market leadership.
Q1 2025: Despite market volatility, Binance’s trading volume reached $8.39 trillion, securing a 36.5% market share.
Binance also leads in spot and derivatives trading, with 45% and 17% shares, respectively.
Binance’s ability to balance spot and derivatives trading demonstrates its market adaptability and liquidity management.
It maintains a strong presence in open interest and continues to be one of the most trusted digital asset exchanges globally.
Global trade tensions and economic uncertainty led to a market correction in 2025 Q1, with a 12.53% decline in the top 10 exchanges trading volume.
The total market cap for digital assets dropped by 22.8% to $2.7 trillion in Q1 2025, following a bull market in late 2024.
Binance’s dominance remains strong, but it faces broader market challenges as the industry navigates economic uncertainties.
