Weekly CEX Volumes Highlight Binance and MEXC Leadership

Binance dominated centralized exchange volumes this week with $94.8 billion traded, as total CEX volumes reached $295.74 billion globally, reflecting ongoing trader engagement during April 2025.

The sustained high volume on CEXs reflects a robust trading community, even amidst broader market declines and geopolitical tensions affecting macroeconomic stability.

The recent week saw Binance achieve a substantial $94.8 billion in trading volume, positioning it as the leading centralized exchange, followed closely by MEXC, Gate.io, and Coinbase. Together, all active CEXs reported a combined trading volume of $295.74 billion. The major exchanges experienced varied volume shifts due to broader market conditions, with notable strength exhibited by Binance and MEXC. Macro factors like Middle East tensions and ETF outflows contributed to the reduced trading activity, marking a 43.8% decline in the overall market.

Despite decreased volumes, centralized exchanges remain pivotal, reflecting trader sentiment and liquidity preferences even during crises. Andrew Weiner, Vice President of MEXC, stated, “Our focus on stability and responsiveness has positioned MEXC as a preferred choice for traders during uncertain market phases.” Major asset prices, notably BTC and ETH, trended downward, aligned with the macro risk-off environment.

Market conditions have previously mirrored this trend, where decreased volumes on CEXs reflected broader risk aversion among traders. MEXC’s leadership in past downturns offers a strategic model for market growth. Insights from recent data suggest a continuous adjustment to technological and regulatory changes in trading platforms. Exchanges are evolving to provide enhanced features, security, and user engagement during uncertain market cycles.