Data from CoinGecko reveals a significant increase in Binance’s spot trading volume. In July, this exchange witnessed a whopping 61.4% surge to reach $698.3 billion compared to the previous month. This growth coincided with Bitcoin hitting an all-time high, bolstering Binance’s market dominance and its share of global spot trading market share to nearly 40%. Binance’s performance outpaced competitors such as MEXC, ranking second with 8.6% market share and $150.4 billion in volume, and Gate, which held third place with 7.8% market share and $137.2 billion. Notably, Binance even surpassed the combined trading volumes of these two exchanges. This trend continued throughout Q2 2025 as well. According to data, Binance accounted for a staggering 38% of the total trading volume among the top ten global exchanges. During this period, over $1.47 trillion in trades passed through Binance alone out of the total $3.8 trillion in activity. Analysts attribute this remarkable growth to Binance’s unique advantages: strong liquidity, an extensive range of trading pairs, and a robust user base. The exchange has clearly solidified its position as a leading force in global crypto trading. *This is not investment advice.*