#BinanceLeadsQ1 Binance Maintains Dominance in the Centralized Exchange Market in Q1 2025
In the first quarter of 2025, Binance continued to lead the centralized exchange (CEX) sector, backed by several key performance metrics¹ ²:
• Market Share: Binance held a commanding 43.9% share of the CEX market, solidifying its position as the top cryptocurrency exchange despite mounting competition.
• Trading Volume: The platform recorded an impressive $8.4 trillion in trading volume, highlighting its robust infrastructure and strong global brand presence.
• Spot and Derivatives Trading: Binance captured 45% of the spot trading market and maintained a dominant position in derivatives trading.
Key Trends Among Competitors in Q1 2025³
• MEXC’s Momentum: MEXC posted the most significant growth in spot market share, rising from 6.1% in Q4 2024 to 7.8% in Q1 2025. This growth was fueled by its zero-fee trading promotions and rapid listing of new tokens.
• Rising Competitors: Exchanges such as Bitget, Coinbase, and HTX also experienced positive momentum, with HTX increasing its market share by 1.1%.
Binance’s continued leadership underscores its $SOL ability to deliver a seamless trading experience, even as the industry navigates regulatory pressures and shifting standards.#
