According to analysts at Kaiko, Binance processed a spot volume of $20 billion and 61.9 million trades in a single day on December 1, 2025, which significantly exceeds the figures of other major CEXs. For comparison, the top-2 global exchange Coinbase conducted 6.2 million trades totaling $3.6 billion.

Right now, Binance maintains a share of approximately 60% of the centralized spot trading volume — this level remains stable during any periods (both in bull markets and bear markets).

As a result, Kaiko states that Binance, during its progress from 2017 to the present day, has de facto become a cornerstone of the global crypto world...