The post Binance Records $2.91 Trillion Volume as Bitfinex, MEXC Lead Exchange Growth appeared on BitcoinEthereumNews.com.

Key Notes Exchange competition intensifies as Bitfinex achieves 39% spot trading growth and MEXC captures 47% futures volume increase despite Binance leadership. Federal Reserve rate cuts align with Tether’s $2 billion USDT issuance while traditional institutions embrace tokenization amid rising privacy coin searches. Crypto market cap recovers to $3.99 trillion with bullish RSI signals, yet 84% of investment funds maintain no structural cryptocurrency exposure plans. Binance recorded $2.91 trillion in futures trading volume and $744.83 billion in spot trading during August 2025, solidifying its dominance in the cryptocurrency exchange landscape. These figures underscore the exchange’s position as momentum builds across the broader crypto market approaching year-end. The volumes come amid increased activity across centralized exchanges, with emerging competitors making significant gains. A recent “CEX Data Report” shared by crypto journalist Colin Wu on September 16 highlights the growth seen from July to August across the sector. While Binance maintains its lead, other exchanges are experiencing notable percentage gains. Bitfinex saw a 39% increase in spot trading, while MEXC posted a 47% increase in futures volume, leading July-to-August increases for each category. Overall, spot and derivatives trading monthly volumes increased by 4% and 14% compared to July, respectively. Spot trading (left) and futures trading (right) volume of major CEXs | Source: Wu Blockchain The dominance extends beyond trading volumes. Wu also reported a 2% increase in website visits of major exchanges, with Binance leading this metric. However, KuCoin showed the highest growth rate, rising by 54% in August compared to July, indicating shifting user interest across the competitive landscape. Cryptocurrency Market Analysis Together with this data on crypto exchanges, Coinspeaker has consistently reported other signals and indicators that suggest growing interest and momentum for the cryptocurrency market. September 17 marks an important day for financial markets in general, with the Fed’s…

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Filed under: News - @ September 16, 2025 8:30 pm