Binance Leads Crypto Trading With $7T Spot Volume: CryptoQuant
Binance continued to be the spot quantity chief within the crypto sector throughout 2025, based on CryptoQuant’s annual report on exchanges.
Binance Saw $7 Trillion In Spot Crypto Trading Volume In 2025
In a brand new thread on X, on-chain analytics agency CryptoQuant has shared insights from its 2025 Annual Exchange Leader Report. This report compares the varied centralized exchanges within the crypto sector by way of varied metrics.
First, here’s a chart displaying how exchanges evaluate towards one another by way of the spot trading volume:
As displayed above, Binance was by far the most important change by way of the entire quantity of crypto concerned in spot buying and selling actions in 2024, and the identical remained true in 2025 as nicely. In whole, Binance noticed a spot quantity totaling to $7 trillion in 2025, about the identical because the determine from 2024.
Bybit and Crypto.com adopted in second and third, respectively. While the latter noticed a quantity leap of 4.5% throughout 2025, the previous truly noticed a decline of over 14%. The platform that almost all stands out for its quantity change between 2024 and 2025 is MEXC, witnessing a rise of a whopping 90%.
Like the spot market, Binance was as soon as once more the market chief when it got here to derivatives volume.
Binance noticed a complete of 25 trillion in crypto derivatives quantity throughout 2025, up 20% in comparison with 2024. Nearly the entire platforms listed within the chart noticed an year-over-year enhance within the metric, indicating that speculative exercise as a complete shot up within the sector over 2025. “In phrases of progress, Gate stands out, having elevated its perpetual futures buying and selling quantity by 468%,” famous the analytics agency.
Many exchanges noticed a balanced derivatives quantity composition, however Bitget, Coinbase, and Crypto.com stood out for his or her Bitcoin-heavy volumes. Coinbase particularly noticed the unique digital asset dominate, making up for 81.5% of all futures buying and selling on the platform.
Based on some key exchange-related classes, CyrptoQuant has outlined an “Exchange Score Index” that ranks the varied crypto platforms. “These classes are designed to guage the general market place, transparency, progress and buying and selling profile of every change,” defined the analytics agency.
As is seen within the under chart, MEXC ranked the very best on this indicator throughout 2025. CryptoQuant famous that the change’s place is backed by “sturdy derivatives scale and strong year-over-year progress momentum.”
BTC Price
Bitcoin has seen a breakout through the previous day that has taken its worth to the $73,100 stage.
