Coingecko information revealed that spot buying and selling quantity for Vinance elevated 61.4% in July to $698.3 billion in comparison with the earlier month.
Vinance Spot buying and selling quantity rose 61.4% in July to achieve $698.3 billion
This surge got here when Bitcoin hit an all-time excessive and pushed Binance's share of the worldwide spot buying and selling market to almost 40%.
Binance's efficiency far surpassed its nearest rivals. In July, MEXC ranked second with an 8.6% market share and a buying and selling quantity of $1000.4 billion, whereas Gate ranked third with a 7.8% market share and a buying and selling quantity of $137.2 billion. Binance's buying and selling quantity exceeded the entire whole of those two exchanges.
And this benefit was not restricted to July. Within the second quarter of 2025, Binance alone accounted for 38% of the entire buying and selling quantity of the highest 10 international exchanges. Throughout this era, a complete of $1.47 trillion, whole of $1.47 trillion handed by way of Binance.
Analysts say this robust progress is made doable by Binance's liquidity benefit, broad buying and selling pairs and belief in its international consumer base. In response to the information, the change integrates each market management and weights in international crypto buying and selling.
*This isn’t funding recommendation.
