Top Four Global Crypto Exchanges Listed in Q2 2025

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Amid the growing global demand for cryptocurrency in 2025, some assets experienced massive growth. According to the analysis, Binance, OKX, Bybit, and Bitget are the top four exchanges in Q2 2025 in terms of spot and derivatives markets. As Bitcoin skyrocketed in recent days and made history with the value of $122,000, the crypto exchanges’ activity increased. 

Top Four Cryptocurrency Exchanges in Q2 2025

  • Binance: Binance held a trading volume share of 35.39%, making a strong position in the global competition. Despite the slight decrease from Q1 2025, which was approximately 36.57%, Binance’s share trading volume remained the largest market during Q2 of the year. 
  • OKX: The OKX’s market share increased by 1.08%, marking 14.34% in Q2 2025. The increased percentage suggests that OKX attracted more trading activity, probably due to strong product offerings, deeper liquidity in derivatives, and other promotional activities. 
  • Bybit: In Q2 2025, Bybit dipped from 13.06% to 12.26% but still retained its position in the top crypto exchanges for the year. Despite enduring the largest crypto hack of $1.5 billion in February 2025, the exchange replenished its reserves within 72 hours and took decisive measures to reinforce users’ trust. 
  • Bitget: Bidet added over 2 million new users in Q2 2025, contributing to a higher platform activity of 11.45%. Driven by its product innovation, such as AI-powered tools, the platform expanded its global reach, marking a slight increase of 0.14% from Q1 2025. 

What Contributed to the Trading Volume of Crypto Exchanges in Q2 2025?

With new laws, clarity in regulations, and high demand for crypto assets, the crypto exchange market reached $21.6 trillion with its top 10 crypto exchanges in Q2 2025.  The value of Bitcoin, Ethereum, Solana, and other crypto assets has surged, likely contributing to the trading volume of exchanges. 

However, despite all contributions, the overall trading volume across the top exchanges declined in Q2. The downfall is likely an outcome of the hesitant retailer participation, slow regulatory progress, geopolitical tensions, and legal uncertainties.

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