Binance, OKX, Bybit, and Bitget Dominate Q2 as Exchange Activity Slows: TokenInsight
2025-07-16 14:26:18
Main Idea
Despite a recovery in the cryptocurrency market in Q2 2025, exchange activity slowed, with trading volumes declining while Bitcoin surged, and major exchanges like Binance, OKX, Bybit, and Bitget dominated the market.
Key Points
1. Total crypto market capitalization rose 28.2% to $3.46 trillion in Q2 2025, driven by Bitcoin's price rally and spot Bitcoin ETFs.
2. Trading volume across top 10 exchanges fell 6.16% to $21.6 trillion, with spot trading volume dropping 21.7% to $3.63 trillion.
3. Bitcoin's price surged from $83,000 to over $111,000, but exchange-related tokens underperformed, with BNB gaining only 8.91%.
4. Binance remained the leading exchange with a 35.39% market share, though slightly lower than Q1, while OKX, Bitget, HTX, Gate, and KuCoin gained market share.
5. Derivatives trading volume declined 3.6% to $20.2 trillion, reflecting broader market caution.
Description
The cryptocurrency market showed early signs of recovery in Q2 2025, driven largely by renewed interest in spot Bitcoin exchange-traded funds (ETFs) and a sharp price rally in Bitcoin itself. According to TokenInsight’s latest Exchange Report, total crypto market capitalization climbed to $3.46 trillion by quarter-end, up 28.2% from Q1. However, exchange activity failed to keep pace with the broader recovery, as cautious sentiment, limited altcoin participation, and macroeconomic headwinds dragg...
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