By 2025, Binance has solidified its position as the largest cryptocurrency exchange by spot trading volume. 

According to an annual report by analytics platform CryptoQuant, the platform processed a record 1.9trillion, maintaining its market dominance.

Currently, Binance controls 431.9 trillion, tripling the figures of its closest competitor, Crypto.com (12.12%). The combined volumes of five other major exchanges (Coinbase, Bybit, OKX, etc.) also lag behind Binance.  

Experts highlight that Binance’s high liquidity ensures stability for traders: tight spreads, minimal transaction delays, and flexibility in strategies. Despite predictions about the growing influence of platforms backed by U.S. institutions (e.g., Coinbase), Binance’s global infrastructure remains its key advantage.

Notably, in September 2024, Binance’s market share hit a four-year low due to intensified regulatory scrutiny. However, the subsequent recovery confirmed the company’s resilience.

Meanwhile, Binance continues to navigate legal challenges.

 In February 2025, the SEC, Binance, and its former CEO Changpeng Zhao requested a 60-day court pause to seek a settlement. 

The lawsuit, filed in 2023, accuses the platform and BAM Management (operator of Binance US) of violating securities laws. 

To address such disputes, the SEC established the Crypto Task Force in January 2025, led by Acting Chair Mark T. Uyeda. Its goal is to develop transparent regulatory standards for the crypto market, aligning with the industry’s long-standing demand for clear rules over punitive measures.

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