#BinanceLeadsQ1

Binance led the centralized crypto exchange market in Q1 2025 with a 36.5% market share, despite a decline in overall trading volumes. The exchange recorded $8.39 trillion in trading volume, slightly down from $9.95 trillion in Q4 2024. Binance dominated both spot and derivatives trading, with a 45% lead in spot trading and a 30.3% share in derivatives trading.

Key Highlights:

Market Share: 36.5% of the global CEX market.

Trading Volume: $8.39 trillion in Q1 2025.

Spot Trading: 45% market share, with a 13.1% decline in overall spot trading volume across top exchanges.

Derivatives Trading: 30.3% market share, with $21 trillion in derivatives trading volume.

Binance's resilience amid a challenging trading environment is notable, with the exchange maintaining a stable spot-to-derivatives ratio. Its high public notoriety and recognition by Forbes contribute to its dominance, attracting new users.