#BinanceLeadsQ1

Binance Still Rules—36.5% Market Share in Q1 2025

In Q1 2025, Binance maintained its position as the leading centralized exchange with a 36.5% market share despite a decline in overall trading volumes.

The total spot trading volume across the top 10 exchanges fell by 13.1%, but Binance's spot market share increased to 45%.

Binance also dominated the derivatives market with a 30.3% share, showcasing its resilience amid a challenging trading environment.

The decline in speculative assets like meme coins contributed to a more balanced trading atmosphere in the crypto market.

Binance’s total trading volume was around $8.39 trillion, which accounted for 36.5% of the global CEX market. Although this is down from $9.95 trillion in Q4 2024, it’s in line with the overall market trend, a 12.5% decline across all platforms.

Despite a broader market slowdown and declining volumes, Binance held strong. The broader crypto market faced challenges with volumes dropping as investors became more cautious after meme coins and AI tokens speculation cooled and geopolitical uncertainty around US tariffs.