In April, centralized crypto -rhizas (CEX) markedly changed the market shares in terms of spawning trading. The GATE.Io platform took second place after Binance, and Bitget rose to the third place, according to the new Coingeco report, writes RBC Crypto.
Binance has remained the largest centralized exchange with a market share of 38%, the report said. In April 2025, the volume of sport trading on it decreased to $ 482.6 billion (-18%) compared to March, when the indicator amounted to $ 588.7 billion. The message notes that in April, for the first time since October 2024, the volume of bidding on Binance fell below $ 500 billion.
The second largest exchange became Gate.io, whose share in the market reached 9%, and the volume of sport bidding was $ 113.7 billion, according to Coingecko. This is 14.4% more than $ 99.4 billion in March. The report says that Gate managed to squeeze the Crypto.Som platform, whose share in the market steadily declined since February.
Gate became the only exchange that showed two -digit growth in April. Researchers drew attention to the fact that not a single exchange, except Binance, had a share of more than 10%last month.
Bitget was released for third place with a market share 7.2%(+1.7%) and a bid volume of $ 92 billion. At the beginning of 2025, its share in the market was 4.6%, but for several months it gradually increased its dominance, the authors added.
From the top 10 leading crypto platforms from the rating, the remaining seven in April occupied the total part of the market of 45.8%. For each of them – Mexc, OKX, COINBASE, Bybit, UPBIT, Crypto.Som and HTX – from 7.1 to 5.4% in descending order.
According to the results of the first quarter of the year, nine out of the ten largest exchanges decreased. Most of all, they were reduced by UPBIT, by 34%. According to the portal, the trading volume on it decreased to $ 371 billion from $ 561.9 billion by quarter earlier. In general, the volume of bidding on the ten largest exchanges decreased in January -March by 16.3% (by $ 1.1 trillion) and amounted to $ 5.4 trillion, the report said.
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Source: Cryptocurrency
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