The most used cryptocurrency exchanges in April's Top 10 have been announced - big changes

Cryptocurrency Data Platform Coingecko has published a report covering the market share of centralized cryptocurrency exchanges (CEX) by volume as of April 2025. According to the report, Binance maintained its leadership with a market share of 38%, while Gate.io ranked second with an astonishing rise.

Binance gained the largest market share in a centralized exchange with a total spot trading volume of $482.6 billion in April 2025. However, this volume represents an 18% decline compared to March. As of this month, Binance is below the $500 billion monthly level for the first time since October 2024.

In the first quarter of 2025, Binance accounted for 37.5% of the top 10 centralized exchange total with a trading volume of $2 trillion.

Gate.io, which handled a spot trading volume of $113.7 billion in April, ranked second in a 9% market share. Gate.io rose 14.4% compared to March, but was the only exchange in the top 10 with double-digit growth. This debut left Crypto.com and showed strong monthly performances despite finishing the first quarter in sixth place.

Bitget rose to third place in April, increasing its market share of 7.2% and trading volume of $92 billion. At the beginning of the year, Bitget had only 4.6% market share, but it has solidified its position with steady growth. However, in the first quarter of 2025, it was only ranked ninth in a volume of $279.6 billion.

In the first quarter of 2025, the top 10 central exchange total volume fell 16.3% to $5.4 trillion. The nine exchanges of top 10 experienced volumes have decreased, with eight people seeing double digit declines. The most sharp decline was seen in the upbit, with a 34% decrease.

As of April 2025, the centralized cryptocurrency exchanges and their market share are as follows: