#BinanceLeadsQ1 Binance dominated the centralized exchange (CEX) market in Q1 2025, with a 36.5% market share despite a slight decline in control. Here are the key points ¹ ²:

- *Trading Volume*: Binance's trading volume reached $8.4 trillion in Q1 2025, down from $9.95 trillion in Q4 2024 due to market volatility.

- *Market Share*: Binance leads both spot and derivatives trading volumes, controlling 45% of spot trading and maintaining a 17% lead in derivatives.

- *Stability*: The exchange has the most stable platform structure, keeping its spot-to-derivatives trading ratio consistent.

- *Public Perception*: Binance was recognized by Forbes as one of the world's most trusted crypto exchanges, enhancing user trust and attracting potential investors.

- *Regulatory Pressures*: Despite facing regulatory scrutiny in several regions, Binance's stronghold remains intact, with a proactive approach to compliance.

Binance's dominance extends to ³:

- *Spot Trading Volume*: Binance maintained its position as market leader with a 40.7% share, although its volume fell to $588.7 billion in March from over $1 trillion in December.

- *Comparison to Other Exchanges*: Binance outperformed other exchanges, with HTX being the only one to record growth among the top 10 CEXs.