CoinGecko’s April 2025 report confirms Binance held the highest spot amongst centralized exchanges (CEXs), with a 38% market share. The report provides that Binance’s spot buying and selling quantity declined 18% from March, settling at $482.6 billion. That is the platform’s lowest month-to-month quantity since October 2024, primarily based on the up to date CEX market evaluation revealed on Could 7.
Gate.io and Bitget Rise in Rankings
Whereas Binance noticed decrease quantity, Gate.io climbed to second place in April, gaining a 9% market share and recording $113.7 billion in month-to-month spot buying and selling quantity. This marked a 14.4% enhance in comparison with March 2025.
Bitget adopted intently, rating third with $92 billion in spot buying and selling exercise and holding 7.2% of the market. CoinGecko attributed these positive factors to shifting person preferences and sustained exercise during times of market volatility.
In the meantime, OKX secured 6% of the market share, with volumes down barely from March. Coinbase, Bybit, and MEXC every held between 5% and 6%, reflecting marginal modifications from the earlier month. The mixed market share of the highest 10 centralized exchanges stood at 45.8%, based on CoinGecko’s compiled information.
General Spot Buying and selling Volumes Drop Sharply in April
The drop in Binance’s quantity mirrored a wider pattern throughout centralized exchanges. Whole spot buying and selling quantity for all CEXs fell to $1.3 trillion in April 2025, down from $1.4 trillion in March. The decline displays diminished market exercise following the early-year surge. Binance’s 18% drop to $482.6 billion in April aligned with this broader slowdown. This represents a 7.1% lower in complete month-to-month quantity throughout the market.
CoinGecko’s chart reveals October 2024 recorded $1.1 trillion in spot quantity. Buying and selling volumes rose sharply to $2.5 trillion in November and peaked at $2.9 trillion in December 2024. Exercise declined to $2.2 trillion in January, then to $1.7 trillion in February, adopted by additional drops in March ($1.4T) and April ($1.3T).
Regardless of the cooling pattern, Binance remained the market chief. In April, it processed over $350 billion greater than its nearest competitor, sustaining its dominance amongst centralized exchanges.
Binance’s Dominance Intact Regardless of Pressures
Knowledge from CoinMarketCap additionally reveals Binance continues to draw the biggest share of world spot quantity. The alternate helps over 1,600 buying and selling pairs and often information greater than $15 billion in day by day quantity. Nonetheless, its month-to-month dominance has slowly eroded since early 2024, when it managed over 44% of the CEX market.
CoinGecko’s full analysis notes that declining market share displays competitors from newer platforms and elevated regulatory constraints in some jurisdictions. But, with its nearest rivals nonetheless far behind, Binance stays the main CEX by a large margin.
As of Could, the hole between Binance and the following largest alternate stays over 28 share factors. The April decline could present momentary market weak spot, however Binance’s structural dominance persists.
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