#BinanceLeadsQ1

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

- *Trading Volume*: $8.39 trillion in total trading volume, representing a significant portion of the global crypto market.

- *Market Share*: Binance led with a 43.9% market share, maintaining its position as the top cryptocurrency exchange despite increasing competition.

- *Spot and Derivatives Trading*: The exchange controlled 45% of the spot trading market and held a significant lead in derivatives volumes.

Some notable trends in the CEX market during Q1 2025 include:

- *MEXC's Growth*: MEXC saw the largest increase in spot market share, growing from 6.1% in Q4 2024 to 7.8% in Q1 2025, driven by its zero-fee trading campaigns and aggressive listing of new tokens.

- *Competitor Growth*: Other exchanges, such as Bitget, Coinbase, and HTX, also reported growth, with HTX posting a 1.1% increase in market share.

Binance's dominance reinforces its reputation for providing a seamless trading experience, even amid regulatory challenges and evolving industry standards. The exchange's resilience was further bolstered by a $2 billion equity infusion from Abu Dhabi's MGX in Q1 to strengthen its balance sheet and platform infrastructure.