Cryptocurrency information platform CoinGecko has printed its report masking the market shares of centralized cryptocurrency exchanges (CEX) by buying and selling quantity as of April 2025. In line with the report, Binance maintained its management with a 38% market share, whereas Gate.io rose to second place with a exceptional rise.
Binance had the most important market share amongst centralized exchanges with a complete spot buying and selling quantity of $482.6 billion in April 2025. Nonetheless, this quantity represents an 18% lower in comparison with March. As of this month, Binance has fallen under the $500 billion month-to-month stage for the primary time since October 2024.
Within the first quarter of 2025, Binance accounted for 37.5% of the overall quantity of the highest 10 centralized exchanges with a buying and selling quantity of $2 trillion.
Gate.io, which processed $113.7 billion in spot buying and selling quantity in April, got here in second with a 9% market share. Gate.io, which elevated by 14.4% in comparison with March, was the one change within the high 10 to document double-digit progress. With this debut, it overtook Crypto.com and regardless of ending the primary quarter in sixth place, it displayed a powerful month-to-month efficiency.
Bitget rose to 3rd place in April with a 7.2% market share and $92 billion in transaction quantity. Originally of the 12 months, Bitget had solely a 4.6% market share, however it has solidified its place with regular progress. Nonetheless, within the first quarter of 2025, it was solely in ninth place with a quantity of $279.6 billion.
Within the first quarter of 2025, the overall buying and selling quantity of the highest 10 centralized exchanges decreased by 16.3% to $5.4 trillion. 9 exchanges within the high 10 skilled quantity declines, whereas eight noticed double-digit declines. The steepest decline was seen on Upbit, with a 34% decline.
Listed here are the highest 10 centralized cryptocurrency exchanges and their market shares as of April 2025:
- Binance – 38.0%
- Gate.io – 9.0%
- Bitget – 7.2%
- MEXC – 7.1%
- OKX – 7.0%
- Coinbase – 6.9%
- Bybit – 6.7%
- Upbit – 6.4%
- Crypto.com – 6.2%
- HTX – 5.4%
*This isn’t funding recommendation.
