Binance Spot Trading Volume Soars 61.4% in July 2025 to $698.3 Billion

Generated by AI AgentCoin World
Friday, Aug 15, 2025 12:46 am ET1min read
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Aime RobotAime Summary

- Binance’s July 2025 spot trading volume surged 61.4% to $698.3B, securing 39.8% market share amid a broader crypto rally.

- MEXC and Gate followed with 61.8% and 61.3% growth, while Coinbase saw 82.6% monthly gains but dropped to ninth place.

- Q2 2025 market volume fell 27.7% to $3.8T, with Binance retaining 38.0% despite a 21.6% quarterly decline.

- Binance’s resilience highlights robust liquidity and global user base, maintaining dominance amid sector volatility.

Binance’s spot trading volume surged by 61.4% in July 2025, reaching a record $698.3 billion, reinforcing its position as the leading centralized cryptocurrency exchange [1]. This marked a significant increase from the $432.6 billion recorded in June, and came amid a broader market rally, with

Bitcoin
hitting all-time highs. The performance underscores Binance’s resilience and dominance in a sector that has faced volatility and declining volumes in previous quarters.

The exchange’s market share for the month stood at 39.8%, outpacing its closest competitors. MEXC followed in second place with $150.4 billion in spot trading volume, a 61.8% increase from June. Gate secured third with $137.2 billion in volume, up 61.3% from the previous month. The rest of the top 10 exchanges, including Bitget, Bybit, Upbit, OKX, HTX,

Coinbase
, and Crypto.com, collectively held 43.8% of the market, with individual shares ranging between 5% and 7% [1].

Despite Binance’s strong July performance, the overall market saw a 27.7% drop in Q2 2025, with top 10 exchanges processing $3.8 trillion in trading volume, down from $5.2 trillion in Q1. Binance accounted for $1.47 trillion of that total, or 38.0%, a 21.6% decline from the first quarter. Crypto.com saw the largest drop in the quarter, with volume falling 61.4% to $216.4 billion from $560.2 billion in Q1 [1].

July’s growth came after months of softness in the sector, and the rebound appeared to be driven by renewed investor interest in crypto markets. Binance’s ability to maintain its lead amid shifting market dynamics highlights its robust liquidity infrastructure and global user base. Meanwhile, MEXC continued to climb the ranks, posting its second-best month of the year. Coinbase, which recorded the highest monthly growth among the top 10 with an 82.6% increase in July, dropped to ninth place as its market share declined from 7.0% in January [1].

Looking back at 2024, the top 10 centralized exchanges experienced fluctuations in trading volume, ranging between $0.9 trillion and $2.9 trillion. Binance remained the dominant player throughout the year, though OKX and Bybit made gains in the fourth quarter. The market’s peak occurred in December 2024, with $2.9 trillion in trading volume, indicating a strong foundation for the current year’s growth [1].

Source: [1] Binance Extends Market Lead As Centralized Exchange – https://www.blockchainmagazine.net/binance-leads-centralized-exchanges-rebound/