#BinanceLeadsQ1 Binance has maintained its dominance in the centralized exchange (CEX) market, with some variation in reported market share. Here are the key points¹ ² ³:

- *Market Share*: Binance's market share in Q1 2025 was approximately 36.5% to 43.9%, depending on the source.

- *Trading Volume*: The exchange recorded a trading volume of $8.39 trillion in Q1 2025, with some reports citing $5.4 trillion in total volume for top CEXs or $2.2 trillion in spot trading volume.

- *Growth*: Despite facing challenges and a decline in market share from 37.89% in Q4 2024, Binance continued to lead the CEX market.

- *Competitors*: Other exchanges, such as MEXC, Gate, HTX, and Coinbase, saw growth and increased their market share during Q1 2025.

Binance's BNB token also performed well, with a market capitalization of $87.8 billion, ranking it among the top 5 cryptocurrencies by market capitalization.⁴ ⁵