CoinVoice has recently learned that according to CryptoQuant data, in 2025, Huobi's new coin spot trading volume ranked first in the second tier of the industry with a cumulative trading volume of $38 billion, accounting for 22% of daily trading volume, significantly increasing market share.
Overall, Binance still leads with a cumulative trading volume of $133 billion, occupying a 34% market share; Huobi HTX, Bybit, and MEXC follow closely behind with trading volumes of $38 billion, $35 billion, and $34 billion, respectively, occupying the second tier. In the past month, the daily trading volume of the new token market reached a peak of $1.6 billion.
This statistics cover major exchanges that have launched between 19 to 31 new tokens this year, including projects like BIO, AIXBT, and CGPT, which are currently popular in the market. [Original link]
