<ul><li>Binance's spot volume nearly surpasses all other exchanges combined, reminiscent of the post-Bitcoin ETF launch phase.</li><li>Despite leading in volume, Binance lags behind in liquidations, with OKX and other exchanges surpassing it in 2025.</li><li>The dynamics of liquidity highlight that volume dominance does not always equate to high liquidation activity.</li><li>Choosing platforms based on market structure and liquidity levels can be crucial for traders to manage risk effectively.</li></ul>

Binance Spot Volume Nearly Surpasses All Other Exchanges Combined

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