Binance continued its reign as the highest centralized crypto alternate (CEX) in July, capturing a 39.8% market share. In line with the newest information from CoinGecko, the platform dealt with $698.3 billion in spot buying and selling quantity for the month, an enormous 61.4% leap from June as Bitcoin’s rally drove market-wide exercise.
High 10 Centralized Crypto Exchanges by Market Share
1. @binance – 39.8%
2. @MEXC_Official – 8.6%
3. @Gate – 7.8%
4. @bitgetglobal – 7.6%
5. @Bybit_Official – 7.2%
6. @Official_Upbit – 6.3%
7. @okx – 6.0%
8. @HTX_Global – 5.8%
9. @coinbase – 5.8%
10. @cryptocom – 5.1%— CoinGecko (@coingecko) August 14, 2025
How have issues modified: Binance’s dominance is a long-running story. Right here’s a glance again at our market share report from April.
Following the chief, MEXC ranked second with an 8.6% market share ($150.4B in quantity), whereas Gate.io positioned third, capturing 7.8% of the market ($137.2B). The remainder of the highest 10, together with Bitget, Bybit, and OKX, every held market shares between 5% and seven%.
The truth is, seven of the highest 10 exchanges noticed their volumes decline quarter-over-quarter, with Crypto.com seeing the steepest drop of 61.4%. The large winner of the quarter was MEXC, which surged from eighth place in Q1 to second place in Q2.
Coinbase Continues to Lose Floor
In the meantime, Coinbase fell to ninth place within the July 2025 rankings, with only a 5.8% share of the market. Whereas its month-to-month quantity noticed a wholesome 82.6% enhance from June, the alternate has steadily misplaced market share since January, when it held 7.0%.
In Q2 2025, Binance held a 38.0% share of the highest 10 exchanges’ mixed $3.8 trillion buying and selling quantity, down from $2.0 trillion in Q1 to $1.47 trillion. Seven of the highest 10 exchanges noticed quarterly declines, with Crypto.com recording the steepest drop of 61.4%, falling from $560.2 billion in Q1 to $216.4 billion in Q2.
MEXC recorded a surge, transferring from eighth place in Q1 to second place in Q2. The alternate reported $346.2 billion in Q2, barely up from $334.0 billion in Q1.
This information exhibits that whereas Binance stays the undisputed king, the battle for the remaining 60% of the market is extra aggressive than ever, with gamers like OKX and Bybit persistently gaining floor throughout high-volume months.
However why are they on prime? Right here’s our report on the highest 5 crypto exchanges in 2025 and why.
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