#BinanceLeadsQ1 Binance had a strong Q1 2025, maintaining its position as the leading centralized cryptocurrency exchange (CEX) despite a market downturn. According to TokenInsight, Binance held a 36.5% CEX market share, with a total trading volume of $8.39 trillion, down from $9.95 trillion in Q4 2024 due to market volatility. Its spot market share reached 45%, and it led in derivatives with a 30.3% share, showing stability in spot-to-derivatives volume. Binance’s Bitcoin spot trading neared 50% market share, surpassing all other exchanges combined, with altcoin spot trading share rising from 38% to 44%.Despite a 12.5% drop in overall crypto trading volume and a 16.3% decline in spot trading across top CEXs ($5.4 trillion), Binance outperformed competitors like Coinbase (9% market share) and Bybit, which saw steeper declines. HTX was the only top-10 CEX with volume growth (+11.4%). Binance faced setbacks, including community backlash over underperforming token listings and concerns over potential ties with the Trump family. Regulatory challenges persisted, with ongoing scrutiny in regions like the US, Nigeria, and France, though Forbes listed Binance as a trusted exchange. Altcoin dominance on Binance hit 78% in January, signaling strong altcoin trading interest.For more details, check Binance’s official Q1 reports or TokenInsight’s analysis.