Binance Holds Its Lead in CEX Market Despite Growing Pressure
Binance may be under pressure, but it's still setting the pace. A new analysis by TokenInsight confirms that the world’s largest crypto exchange continues to hold a commanding position in the centralized exchange (CEX) space, even as challengers like MEXC and Bitget nibble at its market share.
The report reveals Binance handled over $8.3 trillion in trades during Q1 2025, maintaining roughly 36.5% of total CEX volume. While that figure marks a slight decline from the previous quarter, no other platform comes close in raw activity or platform stability.
In both spot and derivatives trading, Binance dominates. It holds nearly half of the spot market and maintains a consistent balance between spot and futures volume—a sign of structural maturity that other platforms have yet to replicate.
Despite some internal friction over token listing performance and public scrutiny surrounding its connections to political figures, Binance continues to set the tone across the sector.
TokenInsight also noted that its presence in media and industry analysis far outpaced rivals, and its reputation among mainstream institutions—bolstered by mentions in Forbes—has remained intact.
For now, no competitor has managed to translate growing attention into meaningful disruption. Binance’s combination of scale, liquidity, and operational stability keeps it well ahead in a market still trying to find its next serious contender.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
