<ul data-eligibleForWebStory="false"><li>Binance led global BTC spot trading volume in H1 2025 with a 37.34% market share, surpassing other major exchanges like Bybit, Coinbase, Crypto.com, and OKX.</li><li>Other major exchanges collectively held around 29% of the total spot volume, indicating Binance's significant dominance in the BTC spot trading market.</li><li>Binance not only dominates spot BTC volume but also shapes capital flows and trends in altcoin and stablecoin deposit activities, acting as a strategic 'headquarters' for market players.</li><li>Despite competitors' efforts to build features and ecosystems, Binance's current dominance and wide lead in the market make it challenging for others to catch up in the foreseeable future.</li></ul>

BTC Spot Market 2025: Binance Still Dominates with 37%

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