Binance Trades $2.91 Trillion as Bitfinex, MEXC Show Growth
In August 2025, Binance recorded $2.91 trillion in futures trading volume and $744.83 billion in spot trading, maintaining its dominance in the crypto exchange market.
- Overall trading volumes on centralized exchanges have increased, with notable growth from competitors like Bitfinex (39% increase in spot trading) and MEXC (47% increase in futures volume).
- Spot and derivatives trading volumes rose by 4% and 14% from July to August 2025, respectively.
- Website visits for major exchanges increased by 2%, with Binance leading, while KuCoin showed a 54% rise in visits from July to August.
Cryptocurrency Market Analysis
- September 17 marks the Fed’s first interest rate cut since December 2024, alongside Tether issuing 2 billion USDT in one transaction.
- Traditional finance institutions like Nasdaq are entering tokenization, and Google searches for privacy coins have surged.
- A Bank of America survey indicates 67% of fund managers hold no crypto, with only small fractions allocating minor percentages.
- TradingView's Crypto Market Cap Index (TOTAL) shows a daily green candle at $3.99 trillion, with the RSI indicating strong momentum.
The low current adoption amidst increasing interest suggests potential growth for the crypto sector. The Fed's rate cuts could potentially trigger a bull rally before the end of 2025.