Market Share Drops Despite Massive Volume Surge

Coinbase’s market presence has progressively declined all through 2025. The US-based alternate started the yr holding a 7% share of the worldwide crypto buying and selling market, however by July, its dominance had fallen to only 5.8%.

COIN shares slumped as Coinbase did not capitalize on constructive US regulatory sentiment.

Huge Quantity, Shrinking Energy

In accordance with the newest report by CoinGecko, this decline positions Coinbase because the ninth-largest alternate globally. Buying and selling volumes in July climbed to $101.7 billion, reflecting a rise from June however not sufficient to offset its shrinking market share.

Regardless of its early-year power and the broader adoption of digital belongings, the crypto alternate has struggled to keep up its main place amid rising competitors from each home and worldwide exchanges, as challenges in retaining customers and buying and selling exercise develop.

CoinGecko revealed that buying and selling exercise on seven of the highest 10 crypto exchanges declined in Q2 2025. Six of them have been discovered to have recorded double-digit losses. Crypto.com led the decline with over a 61% drop in quantity from $560.2 billion in Q1 to $216.4 billion. Mixed buying and selling volumes throughout the highest 10 exchanges fell by 27.7%, a $1.5 trillion lower, which left whole volumes at $3.9 trillion for the quarter.

Binance Outpaces Rivals

Binance continued to dominate centralized exchanges in July 2025, because it captured virtually 40% of whole spot buying and selling quantity. Its buying and selling quantity jumped 61.4% month-on-month to $698.3 billion, boosted by robust crypto market momentum and Bitcoin reaching report highs.

For Q2, Binance held a 38% market share among the many high 10 exchanges and generated $1.47 trillion in buying and selling quantity. Nonetheless, the alternate’s exercise remained down 21.6% in comparison with Q1, which logged $2.0 trillion.

In the meantime, MEXC secured the second spot amongst centralized exchanges for the month, because it recorded $150.4 billion in spot buying and selling quantity and an 8.6% market share. Quantity surged 61.8% from June’s $93.0 billion – its second-best month-to-month efficiency after Might’s $163.1 billion.

Throughout Q2, MEXC processed $346.2 billion in quantity, up from $334.0 billion within the earlier quarter. The alternate climbed from eighth place in Q1 to second by July.