In Q1 2025, Binance dominated the crypto market despite a 12.5% drop in trading volume. It held a 36.5% share of centralized exchanges, with $8.39 trillion in trades. Spot trading fell 13.1% to $4.6 trillion, and derivatives hit $21 trillion. Binance led spot (45%) and derivatives (30.3%) markets, showing stability. Competitors like MEXC, HTX, Bitget, and Coinbase gained slightly, but Binance stayed far ahead. OKX (13.26%) and Bybit (13.06%) followed.
The crypto market cap shrank from $3.5 trillion to $2.7 trillion. Binance’s token, BNB, ranked among the top 5 cryptos with an $87.8 billion market cap. Other exchange tokens like LEO and BGB trailed far behind. Despite regulatory challenges, Binance’s strong platform and user base kept it on top. Its lead and buzz around new memecoins. Binance’s CEO predicts growth in 2025, driven by clearer U.S. regulations and institutional adoption.
