Crypto

Binance Solidifies Lead as Top CEX with Record 38.7% Market Share

Guavy AI Editorial Team Published July 24, 2026

Instruments

BNB

Binance solidified its position as the top centralized exchange (CEX) in terms of spot trading volume, capturing a whopping 38.7% market share in Q2 2026, according to CoinGecko's latest report.

This significant lead came despite a quarter-over-quarter decline of 27.9% in overall spot trading volumes across the top 10 CEXs, which fell from $2.70 trillion in Q1 to $1.95 trillion in Q2.

The report also revealed that Bybit overtook MEXC to become the second-largest exchange by spot volume, with a market share of just 10% compared to Binance's dominant lead.

MEXC, on the other hand, saw its trading volume plummet by 56%, from $275.2 billion in Q1 to $121.2 billion in Q2, causing it to drop to seventh place.

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