Binance continued to be the volume leader in the crypto sector through 2025, according to CryptoQuant’s annual report on the exchange.
Binance Sees 7 Trillion Spot Crypto Trading Volume by 2025
In a new thread on X, on-chain analytics company CryptoQuant shared insights from its 2025 Cryptocurrency Annual Report. This report compares various central exchanges in the crypto sector according to various metrics.
First, here’s a chart showing how the exchanges compare in terms of local trading volume:
The spot volume figures of the various platforms compared between 2024 and 2025 | Source: CryptoQuant on X
As shown above, Binance became the largest exchange in terms of the total amount of crypto involved in spot trading activities in 2024, and the same remained true in 2025. In total, Binance saw the volume of the area reach $ 7 trillion in 2025, almost the same as the figure of 2024.
Bybit and Crypto.com followed in second and third, respectively. While the latter has seen a volume jump of 4.5% by 2025, the former has declined by 14%. The platform that stands out the most for its volume change between 2024 and 2025 is MEXC, witnessing an increase of 90%.
As a local market, Binance is also the market leader when it comes to the volume of exits.
The data of the annual derivatives trading volume for the different exchanges | Source: CryptoQuant on X
Binance sees a total of 25 trillion in crypto derivatives volume by 2025, up 20% compared to 2024. Almost all of the platforms listed in the chart have seen an increase in the metric year, indicating that overall forecast activity has shot up in the sector by 2025. “In terms of growth, 6 trading volume increased by 4% separately,” Gate increases by 4% separately. analytics company.
Many exchanges have seen volume build in derivatives, but Bitget, Coinbase, and Crypto.com stand out with their largest Bitcoin volumes. Coinbase in particular saw the first digital asset dominate, accounting for 81.5% of all futures trading on the platform.
Based on some key exchange-related categories, CyrptoQuant has defined an “Exchange Score Index” that includes various crypto platforms. “These categories are designed to assess the overall market situation, visibility, growth and trading profile of each exchange,” explains the analytics company.
As seen in the chart below, MEXC is ranked highest in this index by 2025. CryptoQuant noted that the exchange’s position is supported by “a strong derivative ratio and strong year-over-year growth momentum.”
How the different platforms stack up in terms of the Exchange Score Index | Source: CryptoQuant on X
BTC price
Bitcoin saw an explosion during the last day which took its price to the level of $73,100.
Looks like the price of the asset has witnessed a sharp surge | Source: BTCUSDT on TradingView
Featured image from Dall-E, chart from TradingView.com
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