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Binance retained its position of leading centralized exchange in the first quarter of 2025, despite the wider market decline and the declining quantities of trading.
With total trading quantities of about $ 8.39 trillion, Binance made up 36.5% of the Global market share of the CEX, according to Tokensight’s Q1 Stock report. This is a reduction of $ 9.95 trillion in the Q4 2024 in accordance with the general market trend. Due to the falling hyper after Trump’s inauguration, the total quantities of the cryptocurrency trafficking decreased by 12.5% during the quarter.
The total trading volume in the first 10 stock exchanges was $ 4.6 trillion, which is a reduction of 13.1% compared to the Q4 2024. The average daily trading value also decreased, from $ 58 billion in Q4 to $ 51 billion in Q1. Nevertheless, Binance’s share of the spot market at the end of the quarter was 45%, which is a slight increase since the beginning of the quarter.
Several rivals have made mild progress. The Spot market share of Mexc increased from 6.1% to 8%. While most other platforms recorded a fall, HTX, Bitt and Belit also reported on modest profits.
Coinbase, Binance’s closest competitor in the United States, stayed on about 9% of the market share, although he had a heavy quarter in total. The price of the shares dropped 30.6% to $ 172.23, and the daily quantities of trading have fallen, indicating that investors are becoming more cautious.
Binance retained a dominant position in the derivative market, a stake in a section of 30.3%. He also showed the most stability between the volume of the video and the derivative, indicating its permanent structure of the platform.
During the quarter, derivatives tradition reached $ 21 trillion, with an average daily amount of $ 233 billion. The traders leaned strongly in the derivatives to manage the risk in an increasingly uncertain macro environment.
According to tokeninsight, the market has become more logical and more balanced as a result of the falling hyper about meme coins and AI tokens, with the volume of trading a more favorable distributed among platforms. The report of the US tariff concern has cited one of the key changes that can continue to separate the cryptocurrency market in this quarter.
