Binance held 36% CEX market share in Q1

Binance maintained its position as the main centralized exchange in T1 2025, despite a slower slowdown in the market and a drop in trading volumes.

With a total negotiation volume of approximately $ 8.39 Billions, Binance represented 36.5% of CEX’s global market share, according to the exchanges of Tokeninsight report. It was a decrease in the volume of 9.95 billions of dollars in T2 2024 in accordance with the general market trend. Due to decreasing media threshing after the inauguration of Trump, global cryptocurrency trading volumes fell 12.5% ​​during the quarter.

The total volume of trading at the point in the first 10 scholarships was 4.6 billions of dollars, a drop of 13.1% compared to T2 2024. The average daily negotiation value also decreased, from $ 58 billion to the fourth quarter to $ 51 billion in the first quarter. Despite this, the punctual market share of Binance at the end of the quarter was 45%, a slight increase compared to the beginning of the quarter.

Some competitors have made slight progress. Mexc’s cash share increased from 6.1% to 8%. While the majority of other platforms have dropped, HTX, Bitget and Bybit also reported modest gains.

Coinbase, the closest competitor of Binance in the United States, has retained around 9% of the market share, although it has a more difficult quarter overall. His stock market abandoned 30.6% at $ 172.23, and daily negotiation volumes fell, indicating that investors became more cautious.

Binance maintained its dominant position on the derivative market, holding a share of 30.3%. It has also shown the most stability between the spot and derivative volume, indicating its stable platform structure.

During the quarter, the derivative trade reached 21 billions of dollars, with an average daily life volume 233 billion dollars. Merchants have relied heavily on derivatives to manage risks in an increasingly uncertain macro environment.

According to Tokeninsight, the market has become more logical and balanced following the fall in media threshing surrounding the parts even and AI tokens, with a commercial volume distributed more equitably between the platforms. The report quoted us price Concerns as one of the key changes that could continue to increase on the cryptography market in this quarter.