Binance Remains Dominant in CEX Market, While Gate.io and Bitget Witness Growth

April 2025’s centralized exchange (CEX) market saw Binance maintain its top position, despite a dip in trading volume. The platform boasted a remarkable 38% market share for spot trading volume, reflecting its consistent dominance. However, Binance’s monthly volume experienced a notable decline to $482.6 billion in April from $588.7 billion in March, marking the first time since October 2024 that it fell below the $500 billion mark. This suggests a shift in market trends may be underway. Despite this dip, Binance still holds a significant portion of the market share and leads the competition.