Binance Tops 2025 New Listings with $133 Billion and 34% Market Share – CryptoQuant

Binance remains the frontrunner in the market for newly listed tokens in 2025, achieving a significant lead in spot trading volume, as per the latest insights from CryptoQuant’s Crypto Dashboard.

New tokens are experiencing substantial activity, with daily volumes fluctuating between $400M and $1.6B.
Among exchanges, Binance is particularly notable.
It reached $1.1B in a single day. pic.twitter.com/ihh6vDqTsi

— CryptoQuant.com (@cryptoquant_com) August 18, 2025

The exchange has secured both scale and liquidity, reinforcing its position as the favored platform for traders looking for early access to new listings, according to analysts at CryptoQuant.

Binance Retains Strong Position

To date this year, Binance has facilitated a total of $133 billion in trading volume for new token listings. Its daily activity has peaked at approximately $1.1 billion per day over the last month, highlighting both its liquidity depth and user engagement.

CryptoQuant indicates that, regarding market share, Binance represents 34% of spot trading volume for these assets in 2025, with a recent daily trading volume of $308 million. The platform achieved a peak market share of 54% on July 10, with nearly $948 million in daily trading.

The data illustrates Binance’s ongoing capability to draw both retail and institutional flows for new listings, a trend that solidifies its competitive advantage over other exchanges.

Competition Intensifies

While Binance leads the market, other significant exchanges are also demonstrating robust momentum. HTX (formerly Huobi) has processed $38 billion in new token volume this year, while Bybit and MEXC closely follow with $35 billion and $34 billion, respectively.

This indicates a varied interest among traders, with several platforms competing vigorously to capture early-stage liquidity in emerging tokens.

On a daily basis, HTX and MEXC have established strong positions, accounting for 22% and 15% of volume, respectively, according to the dashboard. These statistics reflect the evolving competitive landscape, as smaller exchanges increasingly enter the listings market to attract active traders.

Scope of the Analysis

CryptoQuant’s analysis concentrated on exchanges with relatively high listing activity in 2025, particularly those that introduced between 19 and 31 new tokens this year.

This category encompasses a diverse array of speculative and niche assets such as BIO, AIXBT, CGPT, COOKIE, SOLV, TRUMP, BERA, 1000CHEEMS, LAYER, KAITO, SHELL, GPS, BMT, NIL, PARTI, MUBARAK, BROCCOLI714, TUT, BANANAS31, GUN, BABY, ONDO, BIGTIME, VIRTUAL, KERNEL, WCT, HYPER, INIT, SIGN, STO, SYRUP, and KMNO.

The inclusion of meme-driven and thematic tokens highlights the sustained interest in diverse projects among retail traders, while also indicating the risks associated with such fast-paced markets.

Market Outlook

The findings illustrate how Binance’s first-mover advantage and scale continue to set the standard for new token trading. However, the increasing presence of HTX, Bybit, and MEXC indicates a more competitive market in 2025.

With additional tokens entering the market and demand for liquidity spreading across various platforms, exchanges are likely to enhance their efforts to secure listings and attract users.

For traders, the data reveals the concentration of liquidity on a limited number of platforms, with Binance still firmly in the lead—but no longer without competition.

Binance’s Hold Strengthens

In July, a midyear report from CryptoQuant indicated that Binance emerged as the clear market leader across multiple exchange metrics in the first half of 2025.

While Coinbase maintains a strong institutional presence, and competitors like OKX, Bybit, and Bitget continue to attract derivatives users, Binance’s dominance spans both retail and institutional user bases.

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