According to data from CryptoQuant, Binance has emerged as the leading crypto exchange by mid-2025, surpassing all others in key metrics such as trading volume and capital inflows. Binance shows a robust user activity, particularly during market fluctuations, further emphasizing its market grip.
Coinbase remains a viable alternative focusing on institutional users but lacks the aggressive trading range of Binance, which engages both retail and institutional investors. Other competitors like OKX and Bybit lag behind in market share and user engagement, intensifying the competitive landscape.
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