Binance alone captures roughly 37% of spot trading volume among the top 10 centralized exchanges, and when you add the next five largest platforms to the mix, that group controls over 60% of all volume. The numbers behind the dominanceAccording to CoinGecko data, Binance held a 37.0% share of spot trading volume among the top 10 centralized exchanges in Q1 2026. Even amid trading volume declines during Q1 and Q2 2026, driven by broader market conditions, Binance maintained its proportional dominance. When FTX collapsed in late 2022, it held a significant chunk of trading volume, and the fallout was felt industry-wide. The $18.7 trillion in total spot volume across the top 10 exchanges in 2025 shows the market is enormous.