{"id":587285,"date":"2026-04-09T19:00:43","date_gmt":"2026-04-09T23:00:43","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=587285"},"modified":"2026-04-09T08:42:57","modified_gmt":"2026-04-09T12:42:57","slug":"crypto-trading-volumes-down-48-but-binance-still-dominates-report","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\/","title":{"rendered":"Crypto trading volumes down 48%, but Binance still dominates – Report"},"content":{"rendered":"

The ongoing crypto rout has slashed overall trading activity by nearly half since the October 2025 crash.\u00a0<\/span><\/p>\n

According to CryptoQuant, total crypto trading volume across centralized exchanges (CEXes) has declined by 48% to $4.3 trillion in March 2026.\u00a0<\/span><\/p>\n

Notably, the October crash marked the local peak of activity at about $8.2 trillion, with CryptoQuant noting that the downtrend was \u2018clear market cooling\u2019 after the 2024 cycle peak.\u00a0\u00a0<\/span><\/p>\n

It’s at its lowest level since October 2024, indicating a clear cooling in market participation after the prior cycle\u2019s peak.<\/span><\/p><\/blockquote>\n

\"Crypto<\/a>
Source: CryptoQuant<\/figcaption><\/figure>\n

Interestingly, perpetual trading has dominated CEX trading. Perpetuals (commonly called perps) allow traders to trade with leverage to amplify potential gains with no expiries like Option contracts.\u00a0<\/span><\/p>\n

As of March, perps accounted for $3.5 trillion of CEX trading activity. In contrast, Spot activity only drove $0.8 trillion, implying perps were over 4x more than Spot volumes.\u00a0<\/span><\/p>\n

Meanwhile, the perp volumes have also seen a <\/span>sharp decline<\/span><\/a> for the past five consecutive months. This was not surprising, though, as speculative interest has dropped during the crypto winter.\u00a0<\/span><\/p>\n

Binance’s share drops by 5%, but it still leads<\/h2>\n

From a platform perspective, Binance has maintained its industry lead despite mounting competition.\u00a0<\/span><\/p>\n

CryptoQuant noted that Binance led the market in cumulative Spot trading volumes with a 32% market share.\u00a0<\/span><\/p>\n

Binance total Spot trading volume so far in 2026 is almost $1 trillion, compared to $263 billion of MEXC, and $206 billion for Bybit.<\/span><\/p><\/blockquote>\n

\"crypto<\/a>
Source: CryptoQuant\u00a0<\/span><\/figcaption><\/figure>\n

Bybit and HTX nearly tied in market share at 7%, while Coinbase ranked fifth at 6.6% in market dominance.\u00a0<\/span><\/p>\n

Despite its strong dominance, Binance\u2019s broader Spot market share slipped from last October\u2019s 37.5% to the current reading of 32%\u2014a 5% drop amid intensified crypto winter and increasing competition from rival platforms.\u00a0<\/span><\/p>\n

Even so, Binance\u2019s share of derivatives trading remained unchanged at 40%. According to a separate report by CoinGlass, Binance has maintained its lead in the futures markets because of its deep liquidity.\u00a0<\/span><\/p>\n

\"crypto<\/a>
Source: CoinGlass<\/figcaption><\/figure>\n

Overall, the broader sector could be far from fronting a strong recovery despite BTC hovering near $70K. With geopolitical tensions extending into Q2, it remains to be seen whether the sector will reverse the ongoing downtrend.\u00a0<\/span><\/p>\n

\n

Final Summary<\/h2>\n
    \n
  • Binance’s market share has dropped by 5% since October, but it still retained its lead in the Spot crypto trading activity.\u00a0<\/span><\/em><\/li>\n
  • Perps has overtaken Spot trading activity by more than four times, underscoring strong speculative interest in leveraged trading.\u00a0<\/span><\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    Traders preferred perps, which offer the potential to amplify gains, to just betting purely on the Spot market.<\/p>\n","protected":false},"author":79,"featured_media":587300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,35,360,32,66,3,4,20],"tags":[],"class_list":["post-587285","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-bitcoin-news","category-btc-trading-view","category-ethereum-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nCrypto trading volumes down 48%, but Binance still dominates - Report - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Crypto trading across exchanges has dropped by nearly half as bear market intensified, but Binance still dominated the industry\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto trading volumes down 48%, but Binance still dominates - Report - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Traders preferred perps, which offer the potential to amplify gains, to just betting purely on the Spot market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-09T23:00:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/FI_QB.CN_CRYPTO_EXCHANGES_09-04-2026.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Benjamin Njiri\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Benjamin Njiri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"ReportageNewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\\\/\"},\"author\":{\"name\":\"Benjamin Njiri\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/553bc0a52388cbc0397b81684d514809\"},\"headline\":\"Crypto trading volumes down 48%, but Binance still dominates – Report\",\"datePublished\":\"2026-04-09T23:00:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\\\/\"},\"wordCount\":419,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/FI_QB.CN_CRYPTO_EXCHANGES_09-04-2026.webp\",\"articleSection\":[\"Altcoin\",\"Bitcoin\",\"BTC Trading View\",\"Ethereum\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\\\/#respond\"]}],\"copyrightYear\":\"2026\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\\\/\",\"name\":\"Crypto trading volumes down 48%, but Binance still dominates - Report - AMBCrypto\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/FI_QB.CN_CRYPTO_EXCHANGES_09-04-2026.webp\",\"datePublished\":\"2026-04-09T23:00:43+00:00\",\"description\":\"Crypto trading across exchanges has dropped by nearly half as bear market intensified, but Binance still dominated the industry\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\\\/#primaryimage\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/FI_QB.CN_CRYPTO_EXCHANGES_09-04-2026.webp\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/FI_QB.CN_CRYPTO_EXCHANGES_09-04-2026.webp\",\"width\":1600,\"height\":900,\"caption\":\"Crypto trading volumes down 48%, but Binance still dominates - Report\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"name\":\"AMBCrypto\",\"description\":\"Stay Ahead!\",\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"alternateName\":\"AMBCrypto News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ambcrypto.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\",\"name\":\"AMBCrypto\",\"alternateName\":\"AMBCrypto News\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/amb-wide.jpg\",\"width\":600,\"height\":60,\"caption\":\"AMBCrypto\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/cryptoamb\",\"https:\\\/\\\/x.com\\\/CryptoAmb\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/13629485\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/553bc0a52388cbc0397b81684d514809\",\"name\":\"Benjamin Njiri\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Benja-100x100.jpeg\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Benja-100x100.jpeg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Benja-100x100.jpeg\",\"caption\":\"Benjamin Njiri\"},\"description\":\"Benjamin Njiri is a Crypto Analyst and Reporter at AMBCrypto, specializing in technical analysis and emerging market trends. With a background in Telecoms engineering and power systems, he applies data analysis to filter market noise and decode on-chain data. His work delivers clear, data-driven insights that help readers navigate crypto markets with confidence.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/benjamin-njiri-7254a984\\\/\"],\"knowsAbout\":[\"Technical Analysis\",\"Crypto Market Trends\",\"Crypto Market Analysis\"],\"jobTitle\":\"Journalist\",\"worksFor\":\"AMBCrypto\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/author\\\/benjamin-njiri\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Crypto trading volumes down 48%, but Binance still dominates - Report - AMBCrypto","description":"Crypto trading across exchanges has dropped by nearly half as bear market intensified, but Binance still dominated the industry","robots":{"index":"index","follow":"follow","max-image-preview":"max-image-preview:large"},"canonical":"https:\/\/ambcrypto.com\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\/","og_locale":"en_US","og_type":"article","og_title":"Crypto trading volumes down 48%, but Binance still dominates - Report - AMBCrypto","og_description":"Traders preferred perps, which offer the potential to amplify gains, to just betting purely on the Spot market.","og_url":"https:\/\/ambcrypto.com\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\/","og_site_name":"AMBCrypto","article_publisher":"https:\/\/www.facebook.com\/cryptoamb","article_published_time":"2026-04-09T23:00:43+00:00","og_image":[{"width":1600,"height":900,"url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/FI_QB.CN_CRYPTO_EXCHANGES_09-04-2026.webp","type":"image\/webp"}],"author":"Benjamin Njiri","twitter_card":"summary_large_image","twitter_creator":"@CryptoAmb","twitter_site":"@CryptoAmb","twitter_misc":{"Written by":"Benjamin Njiri","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"ReportageNewsArticle","@id":"https:\/\/ambcrypto.com\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\/#article","isPartOf":{"@id":"https:\/\/ambcrypto.com\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\/"},"author":{"name":"Benjamin Njiri","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/553bc0a52388cbc0397b81684d514809"},"headline":"Crypto trading volumes down 48%, but Binance still dominates – Report","datePublished":"2026-04-09T23:00:43+00:00","mainEntityOfPage":{"@id":"https:\/\/ambcrypto.com\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\/"},"wordCount":419,"commentCount":0,"publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"image":{"@id":"https:\/\/ambcrypto.com\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/FI_QB.CN_CRYPTO_EXCHANGES_09-04-2026.webp","articleSection":["Altcoin","Bitcoin","BTC Trading View","Ethereum","News","News 1","Social","Trading View"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ambcrypto.com\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\/#respond"]}],"copyrightYear":"2026","copyrightHolder":{"@id":"https:\/\/ambcrypto.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ambcrypto.com\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\/","url":"https:\/\/ambcrypto.com\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\/","name":"Crypto trading volumes down 48%, but Binance still dominates - Report - AMBCrypto","isPartOf":{"@id":"https:\/\/ambcrypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ambcrypto.com\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\/#primaryimage"},"image":{"@id":"https:\/\/ambcrypto.com\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/FI_QB.CN_CRYPTO_EXCHANGES_09-04-2026.webp","datePublished":"2026-04-09T23:00:43+00:00","description":"Crypto trading across exchanges has dropped by nearly half as bear market intensified, but Binance still dominated the industry","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ambcrypto.com\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/crypto-trading-volumes-down-48-but-binance-still-dominates-report\/#primaryimage","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/FI_QB.CN_CRYPTO_EXCHANGES_09-04-2026.webp","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/FI_QB.CN_CRYPTO_EXCHANGES_09-04-2026.webp","width":1600,"height":900,"caption":"Crypto trading volumes down 48%, but Binance still dominates - Report"},{"@type":"WebSite","@id":"https:\/\/ambcrypto.com\/#website","url":"https:\/\/ambcrypto.com\/","name":"AMBCrypto","description":"Stay Ahead!","publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"alternateName":"AMBCrypto News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ambcrypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ambcrypto.com\/#organization","name":"AMBCrypto","alternateName":"AMBCrypto News","url":"https:\/\/ambcrypto.com\/","logo":{"@type":"ImageObject","@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-wide.jpg","width":600,"height":60,"caption":"AMBCrypto"},"image":{"@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cryptoamb","https:\/\/x.com\/CryptoAmb","https:\/\/www.linkedin.com\/company\/13629485\/"]},{"@type":"Person","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/553bc0a52388cbc0397b81684d514809","name":"Benjamin Njiri","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Benja-100x100.jpeg","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Benja-100x100.jpeg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Benja-100x100.jpeg","caption":"Benjamin Njiri"},"description":"Benjamin Njiri is a Crypto Analyst and Reporter at AMBCrypto, specializing in technical analysis and emerging market trends. With a background in Telecoms engineering and power systems, he applies data analysis to filter market noise and decode on-chain data. His work delivers clear, data-driven insights that help readers navigate crypto markets with confidence.","sameAs":["https:\/\/www.linkedin.com\/in\/benjamin-njiri-7254a984\/"],"knowsAbout":["Technical Analysis","Crypto Market Trends","Crypto Market Analysis"],"jobTitle":"Journalist","worksFor":"AMBCrypto","url":"https:\/\/ambcrypto.com\/author\/benjamin-njiri\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/587285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/users\/79"}],"replies":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/comments?post=587285"}],"version-history":[{"count":0,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/587285\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media\/587300"}],"wp:attachment":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media?parent=587285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/categories?post=587285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/tags?post=587285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}