Bitcoin Exchange Binance’s Trading Volume Dropped Hugely in April! What About Other Exchanges? Here Are the Details

By: cryptosheadlines|2025/05/08 23:45:02

Big Crypto Game

Token

Billion Dollar Meme

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com The centralized cryptocurrency exchange (CEX) market witnessed significant changes in April 2025, with market leader Binance experiencing a sharp decline in trading volume, while Gate.io rose to second place.Centralized Crypto Exchange Rankings Shook in April as Binance Drops Below $500 Billion in VolumeDespite maintaining its position as the largest CEX by spot trading volume, Binance’s market share fell slightly to 38.0% from 40.1% in March. The exchange recorded a trading volume of $482.6 billion, down 18.0% on a monthly basis compared to $588.7 billion in March.This marks the first time Binance’s spot volume has fallen below $500 billion since October 2024, raising concerns about whether the exchange’s dominance is starting to plateau.Binance led the top 10 exchanges with a 37.5% market share in the first quarter of 2025, carrying $2.0 trillion of the total $5.4 trillion trading volume.Gate.io Moves to Second PlaceGate.io posted the strongest growth among all major exchanges in April, moving into second place with a 9.0% market share and $113.7 billion in trading volume, up 14.4% from $99.4 billion in March.This rise put Gate.io ahead of Crypto.com, which has been losing market share steadily since February. Notably, Gate.io was the only exchange to record double-digit growth in April.On a quarterly scale, Gate.io is projected to decline from $413.2 billion in Q4 2025 to $361.3 billion in Q1 2024. Despite the decline in Q1, its momentum in April positions it as a significant competitor to Binance.Bitget Climbs to Third PlaceBitget achieved modest monthly growth of 1.7%, coming in third place with a 7.2% market share and $92.0 billion in spot trading volume in April.Bitget has steadily expanded its footprint this year, leaving several rivals behind, starting 2025 with just a 4.6% share. However, its Q1 performance still lags behind, with $279.6 billion in total volume during the quarter and a 6.2% market share, making it only the ninth-largest exchange.Broader Industry Trends: Most Stocks DownOverall, the centralized exchange sector contracted in Q1 2025, with eight of the top 10 exchanges experiencing double-digit volume declines. Overall trading volumes shrank by $1.1 trillion, while the top 10 exchanges traded $5.4 trillion in Q1.Upbit recorded the steepest decline of 34.0%, with transaction volume falling from $561.9 billion in Q4 2024 to $371.0 billion in Q1 2025.While Binance remains the undisputed market leader, recent data highlights the increasing fragmentation among competitors, with Gate.io and Bitget in particular making significant gains.*This is not investment advice.Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!Source link

-- Price

Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

Young people in South Korea make a "final effort" in the epic bull market

The South Koreans' average of two accounts for wildly gambling in the chip bull market reflects the survival anxiety and harsh reality of countless young people trying to break through class barriers behind the nationwide stock trading frenzy for wealth.

The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts

SpaceX's equity update has sparked controversy over on-chain liquidations. Trade.xyz refuses to reset the SPCX pricing, and the lack of a Rebase mechanism in Perp DEX has led to a significant trust test for on-chain Pre-IPO assets.

How much longer can Ethereum's last big buyer hold on?

According to Bitmine's current buying pace, the 5% target is expected to be reached next month, and at that time, there may be no further increases in holdings. So, who will fill the buying gap for Ethereum?

The other side of Musk's trillion-dollar fortune: 85% cannot be sold

SpaceX's IPO is a math problem, and the answer is not on the pricing day, but in the first quarter after the lock-up period ends.

Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market

The tokenization of financial assets is moving from pilot projects to large-scale implementation, but this is a gradual evolution rather than a fierce revolution.

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus

Overview of Important Market Events on June 11

a16z Crypto Partner: Cash flow is the moat

Most companies spend years creating network effects on traditional infrastructure. Crypto founders inherit them as starting conditions.

Cryptocurrency market makers collectively seek change as it becomes increasingly difficult to make money

There is more and more to do.