Binance remains as the Top Central Exchange (CEX) by trading significantly on April 21, 2025, with all other competitors in a significant lead. Binance processed $53.4 billion in its weekly trading business, which accounts for almost 27% of its total activity during CEX week.
Top centralized exchanges based on weekly trading volume
#binance #upbit #gateio #mexc #bitget #okx #bybit #htx #coinbase pic.twitter.com/vareyrmoro– Phoenix – Crypto News & Analytics (@PNXGRP) April 21, 2025
Binance manages nearly 27% of the market with weekly trading volumes reaching $53.4 billion, while maintaining its monopoly position through its daily trading volume of $11.42 billion. The incredible advantage of vinanence continues to grow stronger across the spot and derivatives market despite the global competition for exchange.
CEX Market records weekly volumes of $196.7 billion across 58 active platforms
According to the latest Phoenix Group statistics, the total weekly exchange volume across all centralized exchanges reached $196.7 billion. The CEX trading platform corresponds to 58 active platforms, demonstrating strong competition and active trade dynamics within the cryptocurrency market.
Data reveals that key platform contributors are maintaining a stable growth pattern as Binance, Upbit, Gate.io and MEXC dominate the trading volume of the market. The trading volume ratio between CEX and DEX is 12.13%. This shows that despite the popularity of decentralized trading platforms, CEX is the dominant force of the landscape.
A competitive amount between major exchanges
Upbit along with gate.io and Mexc showed strong market presence after the benance after the week volumes reached $14.6 billion, $12.1 billion and $11.3 billion, respectively. Gate.io achieved a competitive 24-hour trading volume of $2.43 billion. This coincided with Upbit and Bitegt at $200 billion each, while MEXC was traded at $1.96 billion.
Upbit operates as Korea’s top cryptocurrency exchange and continues to dominate the East Asian crypto market, with Gate.io and Mexc strongly appealing to Altcoin and Derivative Trading users.
These exchanges demonstrate exceptional performance through market adjustment, along with the ability to attract users with innovative features and multiple pairs of traders, as evidence of durability.
Biteg, OKX, and BYBIT strengthen the position of the middle layer
Exchange Bitget has maintained a $11 billion worth of weekly magazine supported by a volume of $200 billion a day, establishing itself as a rapidly emerging central exchange player. The combination of derivatives trading and institutional service provision on OKX brings a weekly trading and daily volume of $2.2 billion.
BYBIT reached $9.7 billion in weekly trading volumes, but daily trading reached $1.94 billion by focusing on derivatives and leverage options.
Several exchanges of strong mid-ranges continue to attract growing volumes as they add new trading capabilities, engage in strategic alliances and expand geographically across Asian and Middle Eastern markets.
HTX and Coinbase conclude the top rankings
With a weekly $9.1 billion deal, HTX (formerly Huobi) along with Coinbase took on the final position on this list, recording a volume of $8.7 billion. HTX operates daily trading volumes of over $1.98 billion as the platform reaches global markets following the branding transition. Operating as the largest US-based crypto exchange, Coinbase achieved trading activities worth $1.86 billion a day.
The US regulatory challenges have not prevented Coinbase from maintaining strong connections with retail users who trust digital assets to link to the traditional financial system. The trading platform emphasizes compliance with transparency and institutional trust, particularly in order to maintain trading activity in mature markets.
