Binance nears the 50% market share in daily spot trading of Bitcoin, surpassing the volume managed by all other crypto-exchanges combined. Specifically, the growth has increased from 33% at the beginning of February to the current 49%.
Binance nears 50% market share in Bitcoin spot trading
Binance strengthens its position as a leader in Bitcoin spot trading. According to reports, it seems that its daily market share in Bitcoin spot trading has increased from 33% at the beginning of February to the current 49%.
This means that in the BTC spot market, Binance alone surpasses all the trading volumes managed by all other crypto-exchanges combined.
Not only that, during the same period, Binance also saw an increase in its share of altcoin spot trading, rising from 38% to 44%.
While Binance grows, the numbers indicate that the other crypto-exchanges have therefore experienced rapid declines in spot trading.
In this regard, Richard Teng, CEO of Binance stated:
“Our growing market share in Bitcoin spot trading is a reflection of the trust that the community places in the technology, security, and liquidity offered by Binance. We are proud to be the platform of reference for millions of users, even in moments of greater market uncertainty, and we confirm our commitment to ensuring a reliable and user-oriented trading experience, supporting the sustainable growth of the crypto ecosystem.”
Binance as leader in Bitcoin spot trading: the numbers
Speaking in numbers, Binance’s superiority in spot trading of Bitcoin emerged on certain days.
For example, on February 24, while BTC was losing ground, dropping from $96,000 to $90,000 in 48 hours, Binance recorded a spot trading volume higher than that of all other exchanges combined.
Not only that, Binance held at that time 64% of the total spot trading volume on altcoins, equal to 18 billion dollars.
These data show how the renowned crypto-exchange can increasingly be considered as a reference platform even in critical moments.
Some results of Q1 2025
While Binance celebrates its results in the bull trading of BTC and altcoin, other platforms are also satisfied with their bear performance in Q1 2025.
Just today, Xapo Bank, the regulated bank based in Gibraltar, announced its record BTC trading volumes. Essentially, the platform recorded an increase of +14.2% in Q1 2025, compared to the previous quarter.
At the same time, HTX Exchange, with Justin Sun as Global Advisor, stated that it collected +210% more net crypto deposits compared to the previous quarter. Not only that, the platform recorded a 116% increase in new users.