#BinanceLeadsQ1 #BinanceLeadsQ1 In the first quarter of 2025, Binance led the global centralized‑exchange market with approximately $8.39 trillion in trading volume, commanding about 36.5 % of total CEX volume according to TokenInsight, and roughly 38.8 % overall when including derivatives . This represented a 12.5 % contraction from Q4 2024’s $9.95 trillion, mirroring broader market declines . Despite the downturn, Binance’s spot market share edged up to about 45 %, while its derivatives business held roughly 38 % of that segment . OKX and Bitget followed with Q1 volumes of about $3.06 trillion and $3.01 trillion respectively , and competitors like Coinbase captured about 9 % of CEX trading volume while MEXC climbed to an 8 % share . Binance’s resilience was further bolstered by a $2 billion equity infusion from Abu Dhabi’s MGX in Q1 to strengthen its balance sheet and platform infrastructure .