🪙 Binance remained the largest centralized exchange with a market share of 38%. In April 2025, its spot trading volume decreased to $482.6 billion (-18%) compared to March, when the figure was $588.7 billion.
🗓️ It is noted that in April, for the first time since October 2024, trading volume on Binance fell below the $500 billion mark.
📊 Of the top 10 leading crypto platforms from the rating, the remaining seven in April occupied a combined market share of 45.8%. Each of them - MEXC, OKX, Coinbase, Bybit, Upbit, Crypto.com and HTX - accounted for from 7.1 to 5.4% in descending order.
2️⃣ The second largest exchange was Gate.io, whose market share reached 9%, and the spot trading volume was $113.7 billion, according to CoinGecko.
This is 14.4% more than $99.4 billion in March.
Gate managed to displace the Crypto.com platform, whose market share had been steadily declining since February.
Gate was the only exchange to show double-digit growth in April. The researchers noted that no exchange except Binance had a market share of more than 10% last month.
3️⃣ Bitget came in third in the report with a market share of 7.2% (+1.7%) and a trading volume of $92 billion. At the beginning of 2025, its market share was 4.6%, but over the course of several months, it has gradually increased its dominance.
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