#BinanceLeadsQ1 Binance dominated the centralized exchange (CEX) market in Q1 2025, with the following key statistics¹ ²:

- *Market Share*: Binance led with a 36.5% to 40.7% market share, maintaining its position as the top cryptocurrency exchange despite increasing competition.

- *Trading Volume*: The exchange achieved a remarkable $8.4 trillion in total trading volume, with $2.2 trillion in spot trading volume, showcasing its robust infrastructure and strong brand recognition.

- *Spot and Derivatives Trading*: Binance controlled 45% of the spot trading market and maintained a significant lead in derivatives volumes, with a mean open interest market share of 23.53%.

- *User Growth*: Binance reached 250 million registered users by the end of 2024, reflecting a 50% increase in the latter half of the year, with nearly a 100% increase in active institutional users.

Binance's dominance reinforces its reputation for providing a seamless trading experience, even amid regulatory