Coingecko data revealed that Binance's spot trading volume rose 61.4% to $698.3 billion in July compared to the previous month.
Binance Spot Trading Volume Increases 61.4% in July, Reaching $698.3 Billion
This surge came at a time when Bitcoin reached an all-time high, pushing Binance's share of the global spot trading market to nearly 40%.
Binance's performance far surpassed its closest competitors. In July, MEXC ranked second with an 8.6% market share and $150.4 billion in trading volume, while Gate came in third with a 7.8% market share and $137.2 billion in trading volume. Binance's trading volume even surpassed the combined total of these two exchanges.
And this superiority wasn't limited to July. In the second quarter of 2025, Binance alone accounted for 38% of the total trading volume of the top ten global exchanges. During this period, $1.47 trillion of the $3.8 trillion in total volume passed through Binance.
Analysts say this strong growth is made possible by Binance's liquidity advantage, wide range of trading pairs, and the trust of its global user base. Data shows the exchange consolidating both its market leadership and its weight in global crypto trading.
*This is not investment advice.
