$SOL

Based on recent reports, "Binance leads Q1" primarily refers to Binance's dominant position in cryptocurrency trading volume during the first quarter of 2025.

In Q1 2025, Binance achieved a spot trading volume of $2.2 trillion and increased its market share from 38% in January to 40.7% by March, solidifying its lead among centralized exchanges. Despite an overall decline in spot trading volume across the crypto market, Binance experienced more trading activity compared to competitors.

While "leads" here refers to market dominance in trading volume, it doesn't directly point to specific leadership changes or individual leaders named "leadQ1". Leadership at Binance is structured with a Board of Directors, a CEO (currently Richard Teng), and various departmental heads. Quarterly performance would be a key focus for these leaders.