In 2025, Binance solidified its status as the leading centralized cryptocurrency exchange, significantly outpacing competitors in trading volumes, liquidity, reserves, and on-chain activity.
This is reported by Finway
Record Spot and Derivatives Trading Volumes
According to the final analytical report, Binance’s spot trading volume in 2025 reached nearly $7 trillion, giving the platform a 41% market share among the top ten CEXs. In comparison, Bybit and MEXC showed significantly lower figures—$1.5 trillion and $1.4 trillion, respectively. Analysts note that Binance dominates not only in Bitcoin trading but also in the altcoin segment, where the exchange shows particularly high activity. This is indicative of the platform’s broad trading coverage and operational intensity.
In the derivatives market, Binance also maintains its leadership. In 2025, the exchange processed $25.4 trillion in Bitcoin perpetual futures volume, more than double the results of OKX ($11.3 trillion) and Bybit ($9.6 trillion). Thus, Binance controls 42% of the total trading volume in Bitcoin futures among the top centralized platforms.
Liquidity, Reserves, and On-Chain User Activity
Binance also demonstrated a significant advantage in liquidity. As of the end of the year, the exchange accumulated $47.6 billion in stablecoins USDT and USDC, which is 51% more compared to the end of 2024 and five times the reserves of the nearest competitor, OKX ($9.3 billion). The total reserves of Binance, including Bitcoin, Ethereum, USDT, and USDC, reached $117 billion, which is 45% higher than the corresponding figure for Coinbase ($81 billion).
“CryptoQuant noted that this ‘firmly establishes Binance as the central global hub for crypto liquidity.'”
Notably, there has also been growth in on-chain user activity. Over the year, Binance supported more than 1.6 million deposits and withdrawals of altcoins, which is 33% more than on Coinbase. This dynamic, according to analysts, provides traders with maximum flexibility, speed in asset management, and indicates the strongest active user network in the industry.
Summarizing the results of 2025, experts note that Binance dominates all key segments of the centralized crypto market—from spot and derivatives trading to reserve formation and on-chain metrics. This strengthens user trust in the exchange and establishes it as the platform of choice for cryptocurrency operations.