$BNB MARKET SHARE LOCKED IN: Binance Took Over the CEX Landscape in 2025
The data leaves zero room for debate.
Throughout 2025, Binance held the top position worldwide in both spot and derivatives volume — and it wasn’t even close. Transaction activity on Binance came in at nearly five times that of the runner-up among centralized exchanges. That’s not a tight race; that’s complete control.
Derivatives volume makes the picture even clearer. Binance saw strong year-over-year growth in futures activity, cementing its role as the go-to liquidity venue for professional traders, institutions, and high-volume strategies. When markets get volatile and size matters, order flow consistently gravitates to the deepest pool.
This kind of dominance creates a powerful feedback loop. Liquidity pulls in more liquidity, and once an exchange becomes the default execution layer, pushing it aside becomes extremely difficult.
Whether you support it or not, real price discovery is happening on Binance.
The big question: does this lead keep expanding, or will regulation eventually rebalance the field? 👀
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