Binance Rules the Crypto Circus: $7T in Spot Volume! 🎪💰

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Well, knock me down with a feather and call me surprised! Binance, that plucky little exchange that could, has once again strutted its stuff as the undisputed ringmaster of the crypto circus, according to CryptoQuant’s annual report. Who’d have thunk it? Oh, right. Everyone.

Binance: Still the Big Top of Crypto Trading in 2025

In a thread on X (formerly known as Twitter, because why not rename everything?), the on-chain analytics wizards at CryptoQuant spilled the beans on their 2025 Annual Exchange Leader Report. Spoiler alert: Binance is still the top dog, or should we say, the top dragon? 🐉

Behold, a chart so dazzling it could blind a wizard:

As you can see, Binance didn’t just lead the pack-it lapped the competition like a caffeinated cheetah. With a spot trading volume of $7 trillion in 2025, it’s less of an exchange and more of a financial black hole. Everything just gets sucked in.

Bybit and Crypto.com trailed behind, like loyal sidekicks in a superhero movie. Crypto.com even managed a 4.5% jump, while Bybit took a 14% nosedive. But the real star of the show? MEXC, with a jaw-dropping 90% increase. Someone’s been eating their crypto Wheaties.

And let’s not forget derivatives, where Binance also wore the crown. A cool $25 trillion in volume, up 20% from 2024. Speculation is alive and well, folks. Gate.io deserves a shoutout for a 468% increase in perpetual futures trading. That’s not growth-that’s a rocket launch 🚀.

Bitget, Coinbase, and Crypto.com were all about that Bitcoin life, with Coinbase’s futures trading 81.5% dominated by the OG crypto. Bitcoin: still the prom king of the digital asset ball.

CryptoQuant also cooked up an “Exchange Score Index,” because why not add another layer of complexity? MEXC topped this chart too, thanks to its “strong derivatives scale and solid year-over-year growth momentum.” In other words, they’re killing it.

BTC Price: To the Moon… Again?

Meanwhile, Bitcoin decided to break out of its cage and soar to $73,100. Because why not? Here’s the chart, in all its glory:

So there you have it. Binance is still the king of the crypto jungle, Bitcoin’s on another joyride, and MEXC is the new kid everyone’s talking about. What a time to be alive. Or, you know, just trading crypto. Same thing, really.

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2026-03-05 15:11