Binance Dominates Crypto Trading as Bitcoin Volumes Plummet – CryptoQuant Report

Binance has cemented its position as the leading crypto exchange, holding nearly 50% of all spot trading volume despite a significant decline in overall market activity. A new report by on-chain analytics firm CryptoQuant reveals that Bitcoin spot trading volumes have plummeted, dropping by 77% from their peak in February 2025. This downward trend is attributed to a general market slowdown and investor uncertainty, fueled by macroeconomic instability and upcoming inflation data.