Binance Leads CEX Market in April 2025 Despite Sharp Volume Drop
- 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…
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Binance Leads CEX Market in April 2025 Despite Sharp Volume Drop
- 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…
The post Binance Leads CEX Market in April 2025 Despite Sharp Volume Drop appeared first on Coin Edition.
Читать больше
Binance to Monitor More Tokens: What Factors Are Driving This Decision?