Binance, the world’s largest cryptocurrency alternate by quantity, is pulling even additional forward of its rivals within the crypto spot buying and selling area.
In keeping with new knowledge from The Block, Binance has captured a commanding 41.1% share of all international spot buying and selling quantity in June 2025, and the month is way from over. The volumes embrace buying and selling of all cryptocurrencies listed on every platform.
Binance accounts for 41.1% of all international spot buying and selling quantity in June 2025. Supply: The Block
Binance widens market share hole
The month-to-month spot market quantity knowledge throughout cryptocurrency exchanges exhibits that Binance has carried out over $262.37 billion in June to date, additional cementing its management place amongst exchanges.
Its closest competitor, HTX (previously referred to as Huobi), isn’t even shut, with over $58.8 billion in quantity to date in June. In Could 2025, Binance continued its domineering place held all yr, doing over $551.2 billion in quantity for the month.
HTX got here fourth, with Bybit and Bitget making up the opposite prime spots in Could, with over $107.06 billion in quantity. Bybit did over $110.32 billion, and Bitget got here in third with over $107.45 billion.
Coinbase, the most important U.S.-based crypto alternate, has processed $33.4 billion in month-to-month spot market quantity in June to date, and the platform did over $84.56 billion in Could 2025.
A mixed 34 different exchanges have carried out $189.78 billion in June alone, whereas this identical group did $508.87 billion in Could 2025. In some ways, this isn’t new. Binance has dominated crypto buying and selling for years, particularly after keeping off waves of alternate collapses and regulatory clampdowns in 2022 and 2023.
The platform hit its highest month-to-month spot buying and selling quantity in Could 2021, recording over $1.64 trillion. The closest it has come to these highs was in March 2024, when the alternate did over $1.13 trillion in quantity.
Binance retains successful
Analysts level to a mix of product, pricing, and scale as the important thing components behind Binance’s continued dominance.
Binance has lengthy championed aggressive promotions, together with zero-fee buying and selling for choose Bitcoin and stablecoin pairs, drawing high-frequency merchants and institutional desk flows alike.
Second is liquidity, because the alternate has over 1,900 energetic spot pairs, Binance affords deep books, tighter spreads, and minimal slippage even throughout unstable durations. This makes it a gorgeous venue not only for whales, but in addition for retail merchants in search of environment friendly execution.
Thirdly, Binance continues to put money into international protection. Fiat on-ramps can be found in over 70 jurisdictions. Help is multilingual. And as of 2025, the alternate claims to run a number of regional knowledge facilities to optimize latency for merchants throughout continents.
Mixed, these components create a type of community impact that’s more and more exhausting for smaller exchanges to copy.
Rising competitors, however nonetheless distant
Whereas Binance’s lead has widened, a few of its challengers are nonetheless gaining floor. HTX has been a relentless presence within the scene.
Different platforms like ByBit and Bitget noticed double-digit spot quantity will increase in Q1 2025, albeit from smaller bases. Coinbase, regardless of lagging in international quantity, stays dominant within the U.S and North America. and has secured key licenses in Europe.
Even so, the quantity hole stays huge. Except there’s a serious shakeup, by means of regulation, safety failures, or black swan occasions, Binance seems more likely to retain its throne.
