Crypto Exchange Rankings Transformed by Growth

Centralized Exchange Volume and Binance’s Market Share Shift

• Total centralized exchange volume reached $18.83 trillion.
• This figure is the second-highest in five years.
• The highest recorded volume was $25.21 trillion in 2021.
• Binance remained the largest centralized cryptocurrency exchange.
• Binance’s market share among the top 15 exchanges fell by approximately eight percentage points from 47%.

Total centralized exchange volume reached $18.83 trillion, marking it as the second-highest in five years, though still below the record of $25.21 trillion set in 2021. Despite a decrease in market share, Binance continued to be the leading centralized cryptocurrency exchange.