On August 15, according to the Coingecko report, in July, against the backdrop of Bitcoin's record high, Binance's spot trading volume rose 61.4% month-on-month to US$698.3 billion, far surpassing MEXC (8.6% market share, US$15.4 billion) and Gate (7.8%, US$137.2 billion), accounting for nearly 40% of the total global spot trading volume. Also in July, Binance traded more than many of the top ten global exchanges combined. This advantage is not limited to a single month — in the second quarter of 2025, Binance's share of the total turnover of the top ten exchanges reached 38.0%, with a turnover of $1.47 trillion (total turnover of $3.8 trillion).