#BinanceLeadsQ1 Binance is leading the centralized cryptocurrency exchange market in Q1 2025, with a significant 36.5% market share, despite a decline in overall trading volumes. Here's a breakdown of Binance's performance ¹ ²:

- *Market Share*: Binance dominates the market with 36.5% share, slightly down from 37.89% in Q4 2024.

- *Trading Volume*: The exchange recorded $8.39 trillion in trading volume, a 12.5% decline from Q4 2024, in line with the overall market trend.

- *Spot Trading*: Binance's spot market share increased to 45%, with a total spot trading volume of $4.6 trillion across top exchanges, a 13.1% drop from the previous quarter.

- *Derivatives Market*: Binance leads the derivatives market with a 30.3% share, with $21 trillion in derivatives trading volume in Q1 2025.

Other notable market players include ¹:

- *OKX*: 13.26% market share, retaining second position

- *Bybit*: 13.06% market share, closely competing with OKX for second and third positions

- *MEXC*: 8% spot market share, increasing its presence

- *Gate*: 5.41% market share, rising 2.07% from Q4 2024

Despite regulatory challenges and market fluctuations, Binance's strong performance and brand recognition have helped maintain its dominance in the CEX market ³.