For which crypto exchanges April was a successful month
In April, centralized crypto exchanges (CEX) significantly changed their market shares in terms of spot trading volume. The Gate.io platform took second place after Binance, and Bitget rose to third place, according to a new report from CoinGecko, writes RBC Crypto.
Binance remained the largest centralized exchange with a 38% market share, the report said. In April 2025, its spot trading volume fell to $482.6 billion (-18%) compared to March, when the figure was $588.7 billion. The report noted that in April, Binance's trading volume fell below the $500 billion mark for the first time since October 2024.
The second-largest exchange was Gate.io, which had a 9% market share and $113.7 billion in spot trading, according to CoinGecko. That's up 14.4% from $99.4 billion in March. The report said Gate had managed to displace Crypto.com, whose market share had been steadily declining since February.
Gate was the only exchange to post double-digit growth in April, with the researchers noting that no other exchange except Binance had a market share of more than 10% last month.
Bitget came in third in the report with a market share of 7.2% (+1.7%) and a trading volume of $92 billion. At the beginning of 2025, its market share was 4.6%, but over the course of several months it gradually increased its dominance, the authors added.
Of the top 10 leading crypto platforms in the ranking, the remaining seven accounted for a combined market share of 45.8% in April. Each of them — MEXC, OKX, Coinbase, Bybit, Upbit, Crypto.com and HTX — accounted for between 7.1% and 5.4% in descending order.
Trading volumes decreased on nine of the ten largest exchanges in the first quarter of the year. They decreased the most on Upbit, by 34%. According to the portal, trading volume on it decreased to $371 billion from $561.9 billion in the previous quarter. In general, trading volume on the ten largest exchanges decreased in January-March by 16.3% (by $1.1 trillion) and amounted to $5.4 trillion, the report says.
Источник: cryptocurrency.tech
