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Binance Spot Trading Volume Jumps 61% in July to $698.3 Billion

According to CryptoQuant, Binance’s daily new-token spot volume hit $1.1 billion, with market share peaking at 54% on July 10, ahead of HTX, Bybit, and MEXC by aggregate 2025 volumes.

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Summary

CryptoQuant reports Binance led 2025 new-token spot trading with $133 billion and a 34% market share. Binance’s daily new-token volume reached up to $1.1 billion, with market share peaking at 54% on July 10. HTX, Bybit, and MEXC followed with $38 billion, $35 billion, and $34 billion, respectively. Across the exchanges, 19–31 token listings were tracked, including BIO, AIXBT, and CGPT.

Terms & Concepts
  • Spot Trading Volume: The total value of immediate-delivery crypto trades executed on an exchange over a given period.
  • Market Share: The percentage of total trading volume in a category controlled by an exchange.
  • Token Listings: Newly added cryptocurrencies or tokens made available for trading on an exchange.