Binance Dey Hold 39.8% Spot Market Share for July as Volume Surge Happen
Binance still dey hold ground for crypto spot market for July 2025, dem get 39.8% share with $698.3 billion trading volume—wey increase by 61.4% from June. MEXC and Gate follow am with 8.6% ($150.4 billion) and 7.8% ($137.2 billion) share respectively. Even though Coinbase get highest MoM growth of 82.6%, e drop go ninth place with $101.7 billion. Total spot trading volume for top 10 centralized exchanges reach $3.9 trillion for Q2, down 27.7% QoQ. Binance lead Q2 with 38% share, dem process $1.47 trillion but e drop 21.6% from Q1. Crypto.com suffer the biggest drop (-61.4%). The July rise come from bullish momentum and Bitcoin hit new highs, as decentralized exchanges (DEX) dem dey gain share while CEX activity slow down.
Bullish
July strong spot market performance—wey Binance 61.4% MoM volume surge lead—show say cryptocurrencies dey get renewed bullish momentum. Bitcoin new highs attract fresh capital, e push CEX trading volumes up even though Q2 trend dey down. When volume dey rise, e dey usually come before price go increase as liquidity and trader confidence dey rise. Di move go DEX platforms also mean say traders dey diversify where dem dey trade, e show say market dey healthy and e dey grow. For history, similar rallies after high volume don support price uptrends mid-term, e show say spot market activity and crypto valuations get chance to still rise.