Binance Dominates New Token Trading with $133B Volume

Binance Dominates New Token Trading with $133B Volume

New data highlights Binance's significant lead in the cryptocurrency trading arena, particularly for newly listed tokens in 2025. The exchange has surpassed $133 billion in cumulative trading volume, establishing itself as the dominant player in the market. A recent report by CryptoQuant underscores Binance's commanding position among global crypto exchanges.

According to data shared by crypto analyst OnchainDataNerd on X, Binance's trading volume exceeds that of the next three largest exchanges combined. The CryptoQuant report reveals that Binance's new token trading volume reached $133 billion this year. In comparison, HTX secured second place with $38 billion, followed by Bybit with $35 billion, and MEXC with $34 billion.

OnchainDataNerd emphasized that this substantial volume reflects the influx of traders choosing Binance for trading newly listed tokens, indicating confidence in the exchange's liquidity and reliability compared to its peers. He stated, "This clear leadership confirms #Binance as the top destination for traders looking for early access and high liquidity."

Beyond cumulative volume, Binance also excels in daily trading volume. The exchange experienced a peak daily volume of approximately $1.1 billion for newly listed tokens over the past month. This figure is three times higher than that of other exchanges, explaining Binance's dominant market share in daily trading volume for new tokens. While its market share peaked at 54% on July 10, it remained substantial at around 34% by August 13, still exceeding HTX and MEXC, which held 22% and 15% respectively. This dominance underscores Binance’s ability to attract and retain a large user base.

Binance Records $4 Trillion in ETH Futures Open Interest for 2025

The impressive volume in newly listed tokens represents only a portion of Binance's overall market dominance. The exchange's influence extends beyond spot trading, as it also attracts significant derivatives trading activity, solidifying its position as a premier platform for ETH futures.

Crypto analyst Darkfost reported a surge in ETH open interest on Binance, driven by the token's increased momentum and value. Between early April and the present, Binance has witnessed an addition of nearly $10 billion in open interest, supplementing the existing $2.8 billion. This surge in ETH open interest has propelled Binance to new trading volume records, particularly as it continues to attract a significant portion of liquidity for the derivatives market. This performance surpasses that of centralized competitors like Bybit and OKX, as well as decentralized platforms such as Hyperliquid. Factors contributing to this include Binance's established reputation, robust security measures, and diverse product offerings.

In 2025 alone, Binance has achieved a new all-time high in ETH open interest, exceeding $4 trillion. This surpasses the $3.7 trillion recorded in 2024, and the exchange is projected to reach $6 trillion in ETH Futures open interest before the year concludes. This indicates a continued strong interest in Ethereum-based derivatives on the Binance platform.

BNB Reaching New Highs as Binance Dominance Continues

With Binance maintaining a considerable majority of the market share in both spot and derivatives markets, its native BNB token has emerged as one of the top-performing assets in the current crypto cycle. According to CoinMarketCap, BNB has appreciated by 21.96% this year and is currently trading at $861.91. Recently, the token reached an all-time high of $882.58 and appears poised to reach $1,000 during this cycle, owing to its impressive performance and resilience. The utility of BNB within the Binance ecosystem, including reduced trading fees and participation in token sales, contributes to its value.

Technical trader Ali Martinez observed a correlation between BNB's performance and Binance's overall activity, noting that the exchange has become a preferred destination for high-net-worth traders. Binance reported $698 billion in spot trading for July, marking a 61% increase from the previous month. Martinez emphasized that Binance now commands nearly 40% of the overall centralized exchange market, with its market share approximately 4.5 times larger than its closest competitor. These figures suggest that Binance's deep liquidity and reduced slippage attract a larger and more active user base compared to other exchanges. Consequently, Binance is well-positioned to maintain its leading position in the cryptocurrency exchange landscape.