#BinanceLeadsQ1 A Binance led the market of centralized exchanges (CEX) in Q1 2025, with a trading volume of US$155,880,876,798.39 trillion, maintaining a 36.5% market share, despite a 12.53% decrease in the total volume of the top 10 CEXs, which reached US$1,558,808,767,923 trillion. Binance's dominance was driven by its stability in spot trading (45% share) and derivatives (30.3%), while competitors like Gate, MEXC, and HTX gained ground. The BNB token, with a market capitalization of US$1,558,808,767,987.8 billion, remained among the top five. Regulatory uncertainty and the decline of Bitcoin impacted the market. #BinanceLeadsQ1