#BinanceLeadsQ1

Key Highlights from Q1 2025:

Altcoin Trading Dominance: Binance reported that altcoin trading constituted 78% of its total trading volume in early 2025, marking an 11% increase since May 2024. This surge indicates a significant shift in trader preferences towards altcoins, suggesting the onset of a potential altcoin bull market .​

User Growth: The platform reached a milestone of 250 million registered users by the end of 2024, showcasing a 47% growth compared to the previous year. This expansion underscores Binance's continued appeal to both retail and institutional investors .​

Market Position: Despite facing regulatory challenges and increased competition, Binance maintained its position as the leading centralized exchange, with a spot market share of 25.4% and a combined market share for spot and derivatives trading of 35.1% by the end of 2024 .