Binance spot trading volume surged 61.4% in a single month, reaching $698.3 billion

BlockBeats reported on August 15 that according to a Coingecko report, in July, under the backdrop of Bitcoin reaching an all-time high, Binance's Spot trading volume increased by 61.4% month-over-month, reaching $698.3 billion, far exceeding MEXC (market share 8.6%, $150.4 billion) and Gate (7.8%, $137.2 billion), capturing nearly 40% of the global Spot trading market share. Similarly, in July, Binance's trading volume surpassed the total of several global top ten exchanges. This advantage is not limited to a single month— in Q2 2025, Binance's share of the total transaction volume among the top ten CEXs reached 38.0%, with a transaction volume of $1.47 trillion (total transaction volume of $3.8 trillion).