#BinanceLeadsQ1 Binance led the centralized crypto exchange (CEX) market in Q1 2025 with approximately $8.39 trillion in trading volume, despite a 12.53% decline in overall cryptocurrency trading volume. Here's a breakdown of the market :

- *Binance's Market Share*: 36.5%, a 1.39% decrease from Q4 2024

- *Top 3 Exchanges*:

- *Binance*: 36.5% market share

- *OKX*: 13.26% market share, down 0.13%

- *Bybit*: 13.06% market share, down 0.89%, closely competing with MEXC which rose by 0.59% to 13.06%

- *Notable Risers*:

- *Gate*: Market share increased by 2.07% to 5.41%, with a significant jump in open interest market share

- *MEXC*: Rose by 0.59% to 13.06%

- *HTX*: Increased by 0.29% to capture 2.12% of the market

- *Coinbase*: Slightly increased its share to 1.65%

Binance's dominance extends to :

- *Spot Trading*: Controlling 45% of the market

- *Derivatives Trading*: Maintaining a 17% lead over other exchanges

- *Open Interest Market Share*: 23.53%, despite a 4.34% decline from Q4 2024