🔶 Binance's share in spot trading has reached a yearly high
According to The Block, Binance's market share in spot trading has reached 41% — the highest in a year. The share in Bitcoin trading has risen to 45.6%, the highest level since July 2024, while in the Ethereum market, it has consistently remained at 50% or above since March 2025.
The growth occurs despite a decline in activity in the crypto market. Possible reasons include the outflow of clients from Bybit following the hack in February 2025, as well as the launch of Binance Alpha and the Alpha Points rewards system, which have increased user engagement.
Previously, Binance accumulated $31 billion in USDT and USDC reserves, which accounts for 59% of the stablecoin volume on the top 20 exchanges.
