- Binance is main the CEX market with a 39.8% share and a quantity of 698.4% in July, up 61.4% since June.
- MEXC jumps to second place with a share of 8.6%, a quantity of $15.04 billion and powerful quarter progress from the primary quarter.
- Regardless of 82.6% mother’s surge, Coinbase drops to ninth place. Crypto.com posts a pointy quarterly decline.
Binance continued its governing position as the highest centralized Crypto Alternate (CEX) in July, gaining a market share of 39.8%. In accordance with the most recent information from Coingecko, the platform processed $698.3 billion in spot buying and selling quantity for the month. An enormous leap of 61.4% has been made since June as Bitcoin rally promoted exercise throughout the market.
How did issues change: Binance’s benefit is a long-term story. Let’s have a look again at our April market share report.
Following the chief, MEXC ranked second with an 8.6% market share ($150.4bb), whereas Gate.io ranked third, incomes 7.8% (137.2b) of the market. The remainder of the highest 10, together with Bitet, Bybit and OKX, every holds a market of 5% to 7%.
In reality, seven of the highest 10 exchanges noticed a quarterly decline with Crypto.com seeing the sharpest drop of 61.4%. The massive winner of the quarter was MEXC, which surged from eighth within the first quarter to 2nd within the second quarter.
Coinbase continues to lose its floor
In the meantime, Coinbase fell to ninth place within the July 2025 rankings, with a market share of simply 5.8%. The month-to-month quantity noticed a wholesome enhance of 82.6% from June, however the change has steadily misplaced market share since January, when it held 7.0%.
Within the second quarter of 2025, Binance received 38.0% of the overall buying and selling quantity of $3.8 trillion on the highest 10 exchanges, down from $1 trillion to $1.47 trillion. Seven of the highest 10 exchanges skilled quarterly declines, with Crypto.com recording a pointy decline of 61.4%, down from $560.2 billion within the first quarter to $216.4 billion within the second quarter.
MEXC recorded a surge, transferring from eighth within the first quarter to 2nd within the second quarter. The change reported $346.2 billion within the second quarter, up barely from $334 billion within the first quarter.
The information exhibits that Binance is the indeniable king, however the combat for the remaining 60% of the market is extra aggressive than ever, with gamers like OKX and Bybit constantly gaining standing over the plenty of months.
However why are they on the prime? Listed below are the highest 5 crypto change reviews for 2025 and why:
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