#BinanceLeadsQ1 Binance has remained the leading cryptocurrency exchange in the first quarter of 2025 and has recorded around $8.39 trillion in traded volumes despite the challenges faced in the markets.

The TokenInsight exchange report for the first quarter of 2025 details that the exchange's market share is approximately 36.5%. This represents a slight decrease from 37.89% in the previous quarter, but significantly higher than that of its closest competitors.

The report indicates that cryptocurrency trading is declining. The top 10 exchange platforms combined totaled $23 trillion. This represents a decrease of 12.53% compared to the fourth quarter of 2024.