Recent industry data and the 2025 CEX Annual Report from Wu Blockchain confirm that Binance stayed the largest centralized exchange worldwide throughout the year. According to the report, Binance led spot trading volume rankings by a wide margin in 2025, followed by platforms such as Bybit, Gate and Crypto.com. Binance’s volume was nearly five times that of the second-largest exchange, underscoring its ongoing market leadership. 

Why Binance Remains on Top

1. Spot and Derivatives Volume Leadership
Binance continued to attract the highest trading volumes in both spot and derivatives markets, keeping it far ahead of competitors. This means traders from around the world consistently choose Binance for deep liquidity and broad access to assets. 

2. Broader Market Support
Other independent analyses show that Binance has held a significant share of global CEX trading in recent periods, often capturing well over a third of total volume even when markets cool. Its share stayed above other exchanges by a large margin, showing structural strength across different market conditions.

3. Traffic and User Engagement
Binance’s global reach remains strong, with substantial user traffic from multiple regions and a wide range of trading pairs, which reinforces its dominance in crypto trading activity as measured by external indexers. 

What This Means for Crypto Users

High Liquidity and Tight Spreads
Because Binance handles so much trading activity, users can usually buy or sell large amounts of assets with relatively small differences between bid and ask prices. Deep liquidity can help reduce slippage and support smoother execution for traders.

Broad Asset Access
Binance’s position at the top of the CEX rankings means it typically lists many of the most popular tokens and trading pairs quickly, which gives users a centralized place to explore markets or manage diverse portfolios.

Market Confidence Signal
Leading volume and global reach often make Binance a benchmark for overall centralized exchange health and usage. Traders watching macro or exchange-specific trends can use Binance’s activity as a reference point.

Explore Live Market Data

To follow real-time trends and see how Binance’s leadership plays out in the markets, check live pricing and volume information on Binance’s official pages:

Bitcoin live price and volume:
Bitcoin Live Price on Binance

Overall exchange markets view:
Binance Markets Overview

Final Thought

The 2025 CEX report confirms what many traders already see in practice: Binance remains the dominant centralized exchange in terms of trading volume and market share. For crypto users, that dominance often translates into deep liquidity, broad asset access, and a central reference point for global trading activity, even as competition grows.