Binance captures 38.7% of CEX spot volume as Bybit overtakes MEXC
Binance widened its lead over rival centralized exchanges within the second quarter of 2026. It captured 38.7% of spot buying and selling quantity regardless of an general decline in market exercise, in response to CoinGecko.
The report confirmed that whereas spot buying and selling volumes throughout the high 10 exchanges fell 27.9% quarter-over-quarter, Binance elevated its market share as Bybit overtook MEXC to turn out to be the second-largest alternate by spot quantity.
Individually, on Wednesday, July 22, cryptocurrency alternate MEXC introduced the appointment of its new Chief Compliance Officer, Robert Macdonald.
He was previously the Chief Authorized and Compliance Officer at Bybit from 2024.
Throughout his time at Bybit, he oversaw the implementation of know your buyer [KYC] and anti-money laundering [AML] frameworks, and likewise directed the alternate’s international licensing technique and company authorized operations.
He has additionally held senior roles at Commonplace Chartered and Binance, centered on regulatory technique, compliance transformation, and governance.
Binance nonetheless leads spot buying and selling quantity on centralized exchanges
A CoinGecko report in July famous statistics for Q2 2026, and a disappointing 27.9% lower in buying and selling quantity in comparison with Q1 of the yr. The figures had been $1.95 trillion and $2.70 trillion, respectively.
This buying and selling quantity is the cumulative determine for the high 10 centralized exchanges’ [CEXs] spot volumes. When it comes to month-to-month quantity, Might noticed a dip to $619 billion throughout these exchanges, earlier than rebounding to $695 billion in June.
The amount decline could be attributed to bear market situations. Curiously, Binance prolonged its lead over different exchanges. It has a 38.7% market share in Q2, whereas Bybit displaced MEXC because the second-biggest alternate by quantity, however had solely a 10.0% share.
MEXC noticed a 56% decline, from $275.2 billion to $121.2 billion, which noticed the alternate tumble to seventh rank.
Main BNB Chain milestones increase Binance’s high canine declare
Tokenized shares issued by Binance are rising larger, AMBCrypto reported. Token Terminal information confirmed that Binance-issued tokenized shares added probably the most capital over the previous month.
By Range Protocol, extra tokenized Hong Kong equities went stay on the BNB Chain, and this may lead to additional development in buying and selling quantity.
Crypto analyst Ali Martinez wrote in a submit on X that centralized exchanges and TradFi programs had been converging. The previous had been increasing into equities, commodities, and tokenized funds, whereas the latter had been progressively adopting blockchain expertise.
Actual-world property had been more and more being traded on-chain, and CEXes had been changing into extra than simply buying and selling venues for digital property.
Last Abstract
- Binance prolonged its lead as the highest centralized alternate by quantity from Q1 2026, with a 38.7% share of spot quantity in Q2.
- CEXs have benefits, comparable to 24/7 operation, near-instant settlement occasions, international distribution, and comparatively low execution prices in comparison with TradFi marketplaces.
