Binance Maintains Top Spot in Crypto Exchanges Despite Q1 Market Slump

Despite a downturn in the broader cryptocurrency market, Binance remained the leading centralized exchange in Q1 2025. The platform secured a 36.5% share of the global CEX market, according to TokenInsight’s recent report, reflecting a decrease from the $9.95 trillion volume recorded in Q4 2024. This decline is largely attributed to the overall drop in trading volumes, which plummeted by 12.5% during the quarter.