A naukri.com initiative
NullTX
2w
291
Image Credit: NullTX
Binance Maintains Dominance in CEX Market, Gate.io and Bitget Secure Top Positions
- A recent analysis by CoinGecko has revealed that Binance maintains dominance in the centralized exchange market, with Gate.io and Bitget securing top positions behind Binance.
- Binance holds a commanding 38.0% market share of total monthly spot trading volume, offering competitive fees and a wide range of trading pairs and services for traders of all levels.
- Gate.io, holding the No. 2 spot with 9.0% market share in April 2025, appeals to traders with low fees, a diverse range of cryptocurrencies, and user-friendly features.
- Bitget, with 7.2% market share, focuses on serving advanced traders with derivatives and futures contracts, positioning itself as a rising competitor in the industry.
- Other notable exchanges in the top 10 include MEXC, OKX, Coinbase, Bybit, Upbit, Crypto.com, and HTX Global, each offering unique features and services to attract traders.
- The centralized exchange market continues to evolve with new entrants and existing platforms vying for market share through user experience enhancements, regional expansions, and introduction of new financial products.
- While Binance remains dominant, the success of Gate.io and Bitget indicates potential for innovation and growth among competitors, suggesting a shift in the centralized exchange landscape in the future.
- The top 10 CEX by market share in April 2025 were Binance, Gate.io, Bitget, MEXC, OKX, Coinbase, Bybit, Upbit, Crypto.com, and HTX Global.
- With opportunities for innovation and growth among competitors, the centralized exchange space may witness diversification and evolution beyond being solely dominated by Binance.
- This information serves as insights into the competitive landscape of centralized exchanges and does not constitute trading or investment advice, urging individuals to conduct thorough research before engaging in cryptocurrency investments.
Read Full Article
17 Likes
For uninterrupted reading, download the app