Binance Tops CEX Rankings in April 2025 Amid Volume Dip
The post Binance Tops CEX Rankings in April 2025 Amid Volume Dip appeared on BitcoinEthereumNews.com.
Binance retained 38% CEX market share in April 2025 despite its spot trading volume falling to $482.6 billion. Gate.io and Bitget rose to second and third place, showing notable growth in market share and monthly trading volumes. Total spot volume dropped to $1.3 trillion in April, reflecting broader market cooling across centralized crypto exchanges. CoinGecko’s April 2025 report confirms Binance held the top spot among centralized exchanges (CEXs), with a 38% market share. The report adds that Binance’s spot trading volume declined 18% from March, settling at $482.6 billion. This is the platform’s lowest monthly volume since October 2024, based on the updated CEX market analysis published on May 7. Gate.io and Bitget Rise in Rankings While Binance saw lower volume, Gate.io climbed to second place in April, gaining a 9% market share and recording $113.7 billion in monthly spot trading volume. This marked a 14.4% increase compared to March 2025. Bitget followed closely, ranking third with $92 billion in spot trading activity and holding 7.2% of the market. CoinGecko attributed these gains to shifting user preferences and sustained activity during periods of market volatility. Meanwhile, OKX secured 6% of the market share, with volumes down slightly from March. Coinbase, Bybit, and MEXC each held between 5% and 6%, reflecting marginal changes from the previous month. The combined market share of the top 10 centralized exchanges stood at 45.8%, according to CoinGecko’s compiled data. Overall Spot Trading Volumes Drop Sharply in April The drop in Binance’s volume mirrored a wider trend across centralized exchanges. Total spot trading volume for all CEXs fell to $1.3 trillion in April 2025, down from $1.4 trillion in March. The decline reflects reduced market activity following the early-year surge. Binance’s 18% drop to $482.6 billion in April aligned with this broader slowdown. This represents a…
Filed under: News - @ May 8, 2025 1:26 am