Context:
Binance has been the most important platform of cryptocurrencies for several years in terms of trading volumes. Despite the various courts in several regions of the world and forced resignation of its former CEO ChangPeng Zhao for accusing non -compliance with the laws of money laundering in the United States, the platform remains a key figure in this industry.
The exchange of Binance thus suited its position rather as the main platform for the exchange of cryptocurrency. However, this domination raises some concerns about the concentration of the market and its impact on the entire crypto industry.
Binance remains at the peak of the market in terms of crypto trading
Binance has strengthened its main platform for crypt trading, its volume of money trading has exceeded all its combined competitors. The X analytics contribution by Joao Wedson on March 30, 2025 stressed that the volume of cash trading in Binance is now eight times greater than the volume of Coinbase, the largest cryptocurrency platform in the United States.
Although this figure decreased compared to the beginning of 2024, it is still indicative of the international domination of Binance. Despite the decrease in the volume of global trafficking in cash, the management of Binance remains unshakable.
Other data from the Cryptocurrency Contribution to X also indicate that Binance’s market share has climbed to 41.87 %, which meant the peak of 10 months. It turned out that this number was five times larger than Coinbase and almost six times larger than OKX, another main player between crypto trading platforms.
In addition, it is one of the most interesting aspects of binance’s domination of its historical correlation with the movements of bitcoin course. According to Joao Wedson, in January 2024, when the volume of Binance cash flows for the first time exceeded the volume of all other platforms, the Bitcoin course increased from $ 42,000 to $ 73,000 in the coming weeks.
Can this scheme be repeated in 2025? Index Binance vs. Others exchange BTC Spot Delta Volumewhich measures the difference in the volume of trading in cash from Bitcoins between binance and its competitors, has again become positive. Depending on the Wedson analysis, this could point out the ascending trend of bitcoins in the coming months, even if the volume of trading in global cash is reduced.
The correlation suggests that binance domination could be an advanced indicator of increasing the bitcoin course. The ability of the platform to attract an important crypto business often reflects increased market interest and liquidity, which could in turn stimulate courses.
Several factors contribute to the permanent domination of Binance on the Kryptos market. First, its huge world range. According to Binance, this platform has served more than 250 million users worldwide and is constantly reporting daily trading volumes exceeding $ 30 billion. The block data in parallel suggests that Coinbase, with 110 million users, manages only $ 15 to $ 20 billion a day.
Positive is that the high volume of binance trading improves market liquidity, allowing large orders to be traders without causing large courses.
However, the majority of Binance’s market share is aware of the sector’s centralization. In fact, it could be binance more vulnerable to hackers or data leaks. Binance also participated in many accusations associated with the quotes of tokens, causing mixed reactions in the crypto community.
Morality of History: Crypto trading is still rhyming with binance.
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