Binance solidified its position as the leader among centralized cryptocurrency exchanges (CEX) in 2025, significantly outpacing competitors across all key metrics, including trading volume, liquidity, reserves, and on-chain activity.
This is reported by Business • Media
Advantage in Spot and Derivatives Markets
According to analytics firm CryptoQuant, in 2025, Binance’s spot trading volume reached nearly $7 trillion, giving the platform a 41% market share among the top ten centralized exchanges. In comparison, its closest competitors — Bybit and MEXC — recorded $1.5 trillion and $1.4 trillion in spot trades, respectively, which is almost five times less than Binance’s figure.
Experts highlighted Binance’s dominance in both the Bitcoin and altcoin segments, particularly noting the breadth of its altcoin offerings. This indicates high activity and diversity on the platform. Binance also emerged as the undisputed leader in the derivatives market, especially in perpetual Bitcoin futures. Over the year, the volume of such contracts reached $25.4 trillion, more than double that of OKX ($11.3 trillion) and Bybit ($9.6 trillion), with Binance’s share in Bitcoin futures trading among the top 10 CEXs reaching 42%.
Record Reserves and On-Chain Activity Dynamics
The CryptoQuant report also notes that Binance concentrated $47.6 billion in USDT and USDC stablecoins, representing a 51% increase compared to the end of 2024 ($31.7 billion). This amount is five times greater than the reserves of its closest competitor exchange — OKX ($9.3 billion). The total reserves of Binance, including Bitcoin, Ethereum, USDT, and USDC, reached $117 billion, exceeding Coinbase’s corresponding figure ($81 billion) by 45%.
CryptoQuant remarked that this “firmly establishes Binance as the central global hub of crypto liquidity.”
Binance also leads in on-chain activity: in 2025, the platform processed over 1.6 million deposits and withdrawals of altcoins, which is 33% more than Coinbase. Analysts emphasize that such dynamics provide traders with maximum flexibility and speed in asset management, as well as indicating the largest active user network and robust custodial flows in the industry.
Overall, experts concluded that the results of 2025 confirmed Binance’s dominance across all key segments of the centralized cryptocurrency market — from spot and derivatives trading to reserves and on-chain metrics. This enhances user trust and strengthens the exchange’s position as the number one choice among centralized platforms.
