2025 CEX Annual Report by @WuBlockchain – Binance Dominates the Global Market

🔹 The 2025 CEX data confirms it: Binance isn’t just leading—it’s structurally dominant.

🔹 Spot markets: Binance $BNB handles nearly 5× the volume of the second-largest exchange, showing that liquidity concentration, not marketing, drives its advantage. Once depth, tight spreads, and user flow align, dominance tends to persist.

🔹 By product:

Spot: Binance remains the go-to liquidity hub.

Derivatives: Binance leads, but OKX, Bybit, and Bitget form a competitive second layer targeting leverage-heavy traders.

🔹 Key takeaway: Binance isn’t just “big.” It’s become the default venue for both retail spot and institutional derivatives, while competitors are forced to specialize. Structurally, the market looks more like a hub-and-spoke system, with Binance at the center.

BNB: 938.61 (+0.15%) | BNBUSDT Perp: 939.08 (+0.13%)

#MarketRebound #BTC100kNext #TrendingTopic $BNB