In July 2025, Binance's spot trading volume surged by 61.4% compared to the previous month, reaching $698.3 billion.
Record Trading Volume Growth
This surge in trading volume coincided with Bitcoin reaching an all-time high, pushing Binance's share of the global spot trading market to nearly 40%.
Comparison with Competitors
Binance's performance far exceeded that of 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. Binance's trading volume even surpassed the combined total of these two exchanges.
Reasons Behind Binance's Success
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.
Thus, Binance's results in July 2025 underline its dominance in the spot trading market amid growing interest in Bitcoin.