Binance upholds its position as the top centralized exchange (CEX) by trading volume with a significant lead over all other competitors on April 21st, 2025. Binance processed $53.4 billion in weekly trading operations representing almost 27 percent of the total CEX weekly activity.
Binance maintains its exclusive position through $11.42 billion daily trading volume while controling nearly 27% of the market through weekly trading volume reaching $53.4 billion. The tremendous dominance of Binance continues to grow stronger across spot and derivatives markets despite mounting worldwide exchange competition.
CEX Market Records $196.7 Billion Weekly Volume Across 58 Active Platforms
The total weekly exchange volume across all centralized exchanges reached $196.7 billion according to the latest Phoenix Group statistics. CEX trading platforms amount to 58 active platforms, which shows the strong competition and active trade dynamics within the cryptocurrency market.
The data reveals that major platform contributors maintain steady growth patterns since Binance, Upbit, Gate.io, and MEXC dominate the market’s trading volume. The trading volume ratio between CEX and DEX stands at 12.13%, which demonstrates that CEX remains the dominant force in the landscape even as decentralized trading platforms gain increasing popularity.
Competitive Volumes Among Leading Exchanges
Upbit together with Gate.io and MEXC demonstrated strong market presence after Binance with respective weekly volumes reaching $14.6 billion and $12.1 billion and $11.3 billion. Gate.io achieved $2.43 billion in competitive 24-hour trading volume which matched Upbit and Bitget each at $2.30 billion while MEXC traded at $1.96 billion.
Upbit operates as the top cryptocurrency exchange in South Korea and continues to dominate East Asian crypto markets, and Gate.io and MEXC appeal strongly to altcoin and derivative trading users.
These exchanges demonstrate exceptional performance through market adjustments alongside their ability to attract users with innovative features and traders with multiple pairs as proof of durability.
Bitget, OKX, and Bybit Strengthen Mid-Tier Positions
The exchange Bitget maintained $11 billion worth of weekly volume, supported by $2.30 billion daily volume, to establish its position as a quickly emerging centralized exchange player. The combination of derivatives trading and institutional service offerings at OKX enabled $10 billion weekly trades and daily volume at $2.21 billion.
Bybit reached $9.7 billion in weekly trading volume while its daily trading reached $1.94 billion by focusing on derivatives and leveraging options.
Several exchanges in a strong middle range continue attracting growing volumes as they add new trading capabilities, engage in strategic alliances, and expand geographically throughout Asian and Middle Eastern markets.
HTX and Coinbase Round Out the Top Rankings
With $9.1 billion in weekly trades, HTX (formerly Huobi), together with Coinbase, occupied the final positions in this list, which recorded $8.7 billion in volume. HTX operates with a daily trading volume exceeding $1.98 billion as the platform advances its global market reach following its branding transition. Coinbase which operates as the biggest crypto exchange based in the United States achieved $1.86 billion worth of trading activity during one day.
The U.S. regulatory challenges have not deterred Coinbase from maintaining a strong connection with retail users who trust it to link digital assets to traditional finance systems. Trading platforms emphasize compliance alongside transparency and institutional trust for maintaining trading activity, specifically in mature markets.
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