Binance’s Spot Trading Market Share Reaches Annual High

The market share of Binance, the largest cryptocurrency exchange, in spot trading has reached its highest level (41%) in the past 12 months, according to data from The Block. 

The platform’s share in Bitcoin trading reached 45.6% — the highest level since July 2024. Since March 2025, its share in the Ethereum (ETH) market has remained at 50%, occasionally exceeding this mark.

Notably, this growth occurs amid a general decline in activity in the cryptocurrency market.

One factor contributing to this growth could be the migration of Bybit clients following the hack of the exchange in February 2025. Additionally, user engagement was boosted by the launch of the Binance Alpha platform and the gamified reward system Alpha Points.

Earlier, Binance consolidated $31 billion in reserves in Tether (USDT) and USDC, accounting for nearly 59% of the total stablecoin volume on the top 20 trading platforms.