#BinanceLeadsQ1

In the first quarter of 2025 (Q1), the cryptocurrency market failed to continue the growth trend seen at the end of 2024, with the total market capitalization dropping from a peak of $3.8 trillion to about $2.7 trillion, returning to the level of the first quarter of 2024. Bitcoin (BTC), which leads the market capitalization, hit a historic high (ATH) of $109,000 on January 20 this year, but closed the quarter at $82,000.

However, in Q1, the total trading volume of the world's top ten exchanges was $21.69 trillion, an increase of 16.84% compared to the same period last year, but a decrease of 12.29% compared to the previous quarter. Binance led the way with a total trading volume of $8.41 trillion, followed closely by OKX and Bitget with $3.06 trillion and $3.01 trillion, respectively.