According to the latest data statistics, the trading landscape of the spot market in 2025 has become relatively stable. Binance, Bybit, Gate, and Cryptocom occupy the top positions, but to be honest, Binance's scale is still overwhelming—the trading volume is nearly five times that of the second place, and this gap is quite significant.



The situation in derivatives is a bit different. Binance, OKX, Bybit, and Bitget share the majority of the market, but the rankings have already shifted compared to the spot market. It can be seen that different exchanges have their own advantages and user bases in different sectors, and no one can completely dominate their competitors.
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