#BinanceLeadsQ1 Binance dominated the centralized exchange (CEX) market in Q1 2025, with some interesting stats:

- *Market Share*: Binance held 36.5% of the market share, despite a 1% drop due to increasing competition from MEXC and Bitget. However, another report suggests its market share could be as high as 43.9%.

- *Trading Volume*: The exchange processed approximately $8.39 trillion in trading volume, down from $9.95 trillion in Q4 2024 due to market volatility.

- *Leadership*: Binance leads in both spot and derivatives trading volumes, controlling 45% of the former and maintaining a 17% lead in the latter.

- *Stability*: The platform has a stable structure, keeping its ratio of spot to derivatives trading consistent.

- *Recognition*: Binance was recognized by Forbes as one of the world's most trusted crypto exchanges and topped the charts in open interest market share .