Ethereum News Today: Binance's New Token Volume Surpasses Top 3 Rivals Combined

Binance has recorded a cumulative trading volume of $133 billion for newly listed tokens in 2025, reinforcing its status as the largest cryptocurrency exchange by trading activity. This figure, as reported by OnchainDataNerd, places Binance significantly ahead of its competitors. The exchange’s dominance is further highlighted by the fact that its new token trading volume exceeds the combined total of the next three largest exchanges—HTX, Bybit, and MEXC—by a considerable margin. HTX trails with $38 billion in volume, followed by Bybit with $35 billion and MEXC with $34 billion [1].

The surge in trading activity on Binance is attributed to the platform’s liquidity and early access to newly listed tokens, drawing a large number of traders seeking opportunities. OnchainDataNerd noted that this trend demonstrates confidence in Binance’s infrastructure and its ability to handle high volumes efficiently [1]. Additionally, the exchange has recorded a peak daily trading volume for new tokens of approximately $1.1 billion over the past month, which is three times higher than the volume on competing platforms [1].

Despite fluctuations in market share, Binance continues to hold a strong position in the new token spot trading space. At its peak in July, the exchange controlled 54% of the market, a figure that dropped to 34% by August 13. However, this level remains significantly higher than that of its closest rivals—HTX with 22% and MEXC with 15%—indicating Binance’s continued appeal to traders [1].

Binance’s dominance is not confined to spot trading, as the exchange has also seen a notable rise in derivatives activity, particularly in Ethereum (ETH) futures. Open interest in ETH on Binance has surged by nearly $10 billion since early April, bringing the total ETH open interest to over $4 trillion in 2025. This figure surpasses the $3.7 trillion recorded in 2024 and positions the exchange on track to reach $6 trillion in ETH Futures open interest by year-end [1].

The performance of Binance’s native token, BNB, has also reflected the exchange’s growing influence. As of the latest data, BNB has gained 21.96% in 2025, trading at $861.91 and recently reaching an all-time high of $882.58. Analysts suggest that the token’s resilience and strong performance are closely linked to the increased activity on the exchange, particularly in spot trading. In July alone, Binance recorded $698 billion in spot trading volume, marking a 61% increase from the previous month and solidifying its 40% share of the centralized exchange market [1].

With these metrics, Binance continues to attract a larger share of liquidity and institutional interest, creating a positive feedback loop that further cements its leadership in the crypto space. Analysts remain cautious in forecasting BNB’s future price, but some, like technical trader Ali Martinez, suggest the token could reach $1,000 in the current market cycle [1]. The deep order books and low slippage on the platform are also seen as key factors in attracting and retaining high-volume traders [1].

Source: [1] Binance dominates with $133B in new token trades (https://www.mitrade.com/insights/news/live-news/article-3-1058144-20250821)