Binance Spot Trading Volume Plummets in April, Gate.io Climbs Amidst CEX Market Shakeup

The cryptocurrency exchange landscape underwent significant shifts in April 2025, with market leader Binance experiencing a dramatic decline in trading volume while alternative exchanges, like Gate.io, gained ground. Analysis reveals that Binance’s spot trading volume fell considerably below the $500 billion mark for the first time since October 2024, sparking concerns regarding its dominance.