As of the beginning of 2025, the total spot trading volume on the cryptocurrency exchange Binance stands at $1.9 trillion. This indicates that the platform accounts for 43.66% of the total spot trading volume in the crypto market. These figures were provided by analysts from CryptoQuant.
This is reported by Business • Media
Binance’s Leadership in the Spot Trading Market
Experts emphasized that the spot trading volume on Binance is 3.6 times greater than that of its closest competitor, Crypto.com, which controls only 12.12% of the market. Binance outpaces not only Crypto.com but also Bybit, Coinbase, OKX, and Upbit combined.
“The high liquidity of Binance contributes to more convenient trading, lower spreads, and better prices for traders,” added CryptoQuant.
Future Predictions
Researchers also noted that the trading volume on Binance’s spot market is eight times greater than that of Coinbase, indicating that the exchange “maintains its position as the main trading hub.” They also reminded that at the beginning of 2024, trading volumes on Binance surpassed those of its competitors, while Bitcoin reached historical highs.
“Interestingly, at the beginning of 2024, Binance’s volume was 19 times greater than Coinbase’s, and now this difference has narrowed to eight times. However, Binance continues to hold a significant advantage, even considering that Coinbase is the largest exchange in the U.S.,” the analysts concluded.
It is worth noting that CryptoQuant previously stated that the market is ready for rapid growth.