Binance’s Grip Tightens: 2025 Mid-Year Data Shows Exchange Titan Pulling Ahead: CryptoQuant

Key Points

1. Binance leads in key metrics such as spot trading, perpetual contracts, and USDT flows, dominating both retail and institutional user bases.

2. Coinbase remains strong in reserve holdings and Ethereum network usage, though its trading activity and market breadth are narrower compared to Binance.

3. OKX, Bybit, and Bitget continue to compete effectively in the derivatives market and Ethereum-based stablecoin flows.

4. Binance also dominates USDT transaction volume on the TRON network, highlighting its strength in low-fee, high-frequency stablecoin trading.

5. CryptoQuant's mid-2025 data underscores Binance's multi-chain dominance and user engagement, reinforcing its market leadership.