Cryptocurrency knowledge platform CoinGecko has revealed its report protecting the market shares of centralized cryptocurrency exchanges (CEX) by buying and selling quantity as of April 2025. In line with the report, Binance maintained its management with a 38% market share, whereas Gate.io rose to second place with a exceptional rise.
Binance had the biggest market share amongst centralized exchanges with a complete spot buying and selling quantity of $482.6 billion in April 2025. Nevertheless, this quantity represents an 18% lower in comparison with March. As of this month, Binance has fallen under the $500 billion month-to-month degree for the primary time since October 2024.
Within the first quarter of 2025, Binance accounted for 37.5% of the full quantity of the highest 10 centralized exchanges with a buying and selling quantity of $2 trillion.
Gate.io, which processed $113.7 billion in spot buying and selling quantity in April, got here in second with a 9% market share. Gate.io, which elevated by 14.4% in comparison with March, was the one trade within the high 10 to file double-digit progress. With this debut, it overtook Crypto.com and regardless of ending the primary quarter in sixth place, it displayed a robust month-to-month efficiency.
Bitget rose to 3rd place in April with a 7.2% market share and $92 billion in transaction quantity. Initially of the yr, Bitget had solely a 4.6% market share, but it surely has solidified its place with regular progress. Nevertheless, within the first quarter of 2025, it was solely in ninth place with a quantity of $279.6 billion.
Within the first quarter of 2025, the full buying and selling quantity of the highest 10 centralized exchanges decreased by 16.3% to $5.4 trillion. 9 exchanges within the high 10 skilled quantity declines, whereas eight noticed double-digit declines. The steepest decline was seen on Upbit, with a 34% decline.
Listed below are the highest 10 centralized cryptocurrency exchanges and their market shares as of April 2025:
- Binance – 38.0%
- Gate.io – 9.0%
- Bitget – 7.2%
- MEXC – 7.1%
- OKX – 7.0%
- Coinbase – 6.9%
- Bybit – 6.7%
- Upbit – 6.4%
- Crypto.com – 6.2%
- HTX – 5.4%
*This isn’t funding recommendation.
