Odaily Planet Daily reported on August 15 that according to Coingecko report data, in July, against the backdrop of Bitcoin hitting a record high, Binance's spot trading volume increased by 61.4% month-on-month to US$698.3 billion, far exceeding MEXC (market share 8.6%, US$150.4 billion) and Gate (7.8%, US$137.2 billion), accounting for nearly 40% of the global spot trading volume.

Also in July, Binance’s trading volume exceeded that of several of the top ten global exchanges combined. This dominance wasn’t limited to a single month—in the second quarter of 2025, Binance accounted for 38.0% of the top ten exchanges’ combined trading volume, with $1.47 trillion (out of a total of $3.8 trillion).