The cumulative trading volume of newly listed tokens on Binance has reached $133 billion since the beginning of 2025, according to data from the analytics platform CryptoQuant.
Its nearest competitors lag significantly behind in this metric:
- HTX — $38 billion;
- Bybit — $35 billion;
- MEXC — $34 billion.
The analysis includes exchanges with relatively high listing activity in 2025, ranging from 19 to 31 new tokens.
“In the past month, the daily turnover of new tokens on the platform rose to $1.1 billion. In 2025, the exchange accounts for 34% of spot trading in new tokens — $308 million. On July 10, the figure reached a peak of 54% or $948 million,” analysts at CryptoQuant note.
Last month, daily trading volumes of new listings on all major exchanges fluctuated significantly — from $400 million to $1.6 billion — amid expectations of a new altseason.
Exchanges MEXC, Bybit, and HTX also showed high activity in the spot market, with peak trading volumes reaching $392 million, $243 million, and $292 million, respectively.
In July 2025, Binance maintained its leading position in the spot market among CEX with a share of 39.8%. The platform’s trading volume increased by 61.4% compared to June — from $432.6 billion to $698.3 billion.