Binance has maintained its top spot as the world’s dominant crypto exchange despite the ongoing FUD. According to Coingecko, the platform had a 39% market share in 2025, with Bybit coming in second at 8%—nearly five times lower than the market leader. Binance founder Changpeng Zhao (CZ) said “Real users vote with money.” There have been claims that the platform triggered the 10 October crash and was behind the ongoing ‘crypto winter’.
The FUD escalated recently after some users urged their followers to move funds from the exchange. The rumors were found to be false. Ki Young Ju stated that the FUD led to only $600 million in outflows, or 0.3% of exchange BTC’s reserves. Surprisingly, even on a year-on-year (YoY) basis, Binance lost only 0.5% of market share.
Over the same period, Bybit, the second most dominant platform, lost 13% of its share. BNB’s price dropped below $800 for the first time since last August amid a broader market correction. In 2025, Binance maintained its industry lead with 39% in trading volume market share, dropping only 0.5% from its 2024 levels.
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