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- Binance led global BTC spot trading volume in H1 2025 with a 37.34% market share, far ahead of other exchanges.
- Bybit, Coinbase, Crypto.com, and OKX collectively hold 29%—a distant second to Binance’s dominance in BTC spot trading.
Throughout the first half (H1) of 2025, the global Bitcoin spot trading scene is still dominated by one name: Binance. According to the latest data shared by on-chain analyst Maartunn of CryptoQuant, Binance recorded a global BTC spot volume of 37.34%, with a total value of over $3.44 trillion.
This figure puts it far ahead of any competitor. In fact, Maartunn admitted that he always makes Binance the starting point of monitoring—because large volumes or unusual movements almost always appear there first.
Furthermore, the other four major exchanges, namely Bybit, Crypto.com, Coinbase, and OKX, combined, were only able to rake in around 29% of the total spot volume. The difference cannot be underestimated. Although still important, the four tend to be ‘alternative centers’ for traders, not the main ones.
On the other hand, there are also names like Upbit, Bitget, and HuobiPro, which are still in the 5% range. Meanwhile, exchanges like Kraken, KuCoin, and Gate.io are increasingly looking like niche community markets—each accounting for less than 3%.
Beyond BTC: Binance Shapes Capital Flows and Trends
However, Binance’s dominance doesn’t stop at spot BTC volume. In mid-June, CNF reported that Binance also continues to dominate altcoin and stablecoin deposit activity, especially on the Ethereum and TRON networks.
Daily fund flow patterns show that Binance is not just a regular trading place, but also a ‘headquarters’ for market players looking to quickly reposition their capital. This can be seen from the steady inflow of stablecoins, and the consistent withdrawal of BTC—two indicators that usually indicate strategic movement.
Not only that, in the same month, Binance Wallet also released a new feature called Meme Rush. The goal? To help users catch opportunities early in the meme coin world.
This feature works by displaying a list of tokens from platforms like Four.Meme and Pump.Fun, clearly categorized from new launches to coins that are already tradable on DEXs. For users who like to get in the market first, this can be a pretty fun—and potentially powerful—hunting tool.
With all this, it’s no wonder that Binance remains the center of attention. Looking for big liquidity? Look to Binance first. Want to know where the market is headed? Again, Binance is often the first clue.
Although competitors are increasingly aggressive in building features and ecosystems, Binance’s current dominance is still too wide to catch up with in the near future.
Meanwhile, as of the writing time, BNB is changing hands at about $661.09, up 1.51% over the last 7 days, with $93.13 billion in market cap.
