Binance Stays Ahead in the CEX Sector as Centralized Exchanges See $320.19 Billion in Volume

At present’s knowledge from Phoenix Group revealed the expansion of the general buying and selling quantity of the highest 9 crypto centralized exchanges. The info recognized that the overall buying and selling quantity for the 58 energetic centralized exchanges (CEXs) over the previous week reached $320.19 billion.

Binance retained its lead

As reported by the information, Binance maintained its standing because the market chief. Over the previous week, the centralized alternate recorded a buying and selling quantity of $90.4 billion.

MEXC emerged because the second-largest centralized alternate, in response to the information. It registered a buying and selling quantity of $22.1 billion within the final seven days.

Transferring down, Gate.io clinched the subsequent place because the third-biggest alternate. It processed a buying and selling quantity of $20.1 billion in the course of the week, highlighting an elevated variety of customers buying and selling on the platform.

Fourth on the listing is Bitget, which gained the highlight with a whopping $19.4 billion buying and selling quantity dealt with final week alone.

OKX adopted carefully because the fifth-largest alternate by buying and selling quantity. It skilled a $19.0 billion buying and selling quantity final week.

Different CEXs that recorded important buying and selling quantity over the week embody HTX, ByBit, Crypto.com, and Coinbase.

HTX made a outstanding $18.5 billion weekly buying and selling quantity. ByBit registered a $17.9 billion weekly buying and selling quantity.

Lastly, Crypto.com and Coinbase demonstrated notable weekly buying and selling exercise of $14.7 billion and $14.2 billion, respectively.

DEXs see progress

The info additional confirmed an fascinating growth. Though CEXs stay the important thing platforms that allow customers to buy, commerce, and promote digital currencies, DEXs are gaining momentum, exhibiting their basic function within the digital foreign money business.

Over the previous week, the ratio of transaction quantity between centralized platforms and decentralized platforms reached 19.10%. This suggests that for each $1 billion processed on a centralized platform, $191 million is dealt with on a decentralized platform.

This ratio represents a surge in comparison with previous months. For illustration functions, in October 2024, that ratio stood at 13.65%.

Regardless of the expansion of DEX buying and selling volumes, CEXs are nonetheless dominant platforms within the crypto market. Over the previous week alone, the 58 energetic CEXs processed a complete of $320.19 billion, with Binance contributing over $90.4 billion of that.