According to CryptoQuant data, Binance is leading the way so far in terms of spot volume in 2025. The cumulative spot volume chart shows that Binance leads with the largest share of activity, which has reached $1.90 trillion since the beginning of 2025. Binance controls 43.66% of the total cash market volume ($4.56 trillion), namely: More than 3.6 times that of its closest competitor Greater than the total trading volume of the next five exchanges