Binance is leading the list of the total weekly trading activity on centralized exchanges (CEXs) that reached $385.08 billion in the last week. Centralized exchanges represent the vital foundation of the industry because they deliver both liquidity and security to users while maintaining a smooth trading experience despite decentralization trends in DeFi. Multiple asset classes trade through 58 active centralized exchange platforms which control dominance across the digital asset market.
Binance Leads the Market with $109 Billion in Weekly Trading Volume
Binance remains the top centralized exchange leader by amassing $109 billion in weekly trading volume. Binance showcases its status as the most active crypto trading platform because it accomplished a 24-hour trading volume of $17.77 billion. The market leadership of Binance stems from its ability to provide diverse trading options with high liquidity supported by its worldwide customer base.
Binance maintains its position as the preferred exchange for users from both institutional and retail backgrounds because it provides a wide range of assets with competitive trading costs.
Crypto.com and Bybit Secure Second and Third Place in Trading Activity
Crypto.com secured a position as the second-largest centralized exchange through its weekly trading activities which reached $47 billion while its 24-hour trading amounted to approximately $6.50 billion. Bybit took the third position among centralized exchanges with weekly trading volumes at $35.5 billion and daily trading numbers at $5.95 billion.
Coinbase, Upbit, and Gate.io Maintain Strong Market Presence
Coinbase achieved $19.8 billion in trading volume during the weekly period and its daily 24-hour volume amounted to $3.30 billion. Institutional investors choose this platform because of its compliance-oriented design.
Upbit demonstrates its status as a South Korean market leader through its combined weekly trading activity of $19.5 billion extended to $3.27 billion during 24-hour periods. Gate.io maintained its status as an important industry participant by achieving a $19.2 billion weekly trading volume and a $3.10 billion 24-hour volume.
MEXC, OKX, and HTX Compete for Market Share
The exchange MEXC brings in $18.4 billion in weekly trading volume and $3.16 billion in 24-hour volume thus solidifying its position as a growing platform dedicated to altcoin traders.
OKX maintained positions through $16.7 billion in weekly volume and $2.52 billion in 24-hour volume due to consistent user attraction between spot trading and derivatives markets. Active global traders maintain steady operations on HTX (formerly Huobi) which processed trading volumes worth $14.5 billion per week and $2.45 billion over 24 hours.
CEX to DEX Volume Ratio at 16.73% Highlights Market Trends
The ratio between CEX and DEX trades reaches 16.73% which shows that centralized exchanges remain in control but decentralized exchanges (DEXs) are starting to attract more users.
The edge that centralized exchanges retain in the market comes from their ability to follow regulations and provide deep markets as well as convenient accessibility to traders worldwide. The leading position of Binance while multiple exchanges including Crypto.com, Bybit, and OKX demonstrate that centralized exchanges will be key in developing crypto asset trading into the future.
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