Binance retained its 39% global crypto exchange market share in 2025, with Bybit a distant second at 8%, according to data. Despite ongoing FUD that caused $600 million in net outflows, this represented only 0.3% of its Bitcoin reserves, and its market share declined just 0.5% year-on-year while competitor Bybit lost 13%.
Binance maintained its position as the dominant global cryptocurrency exchange in 2025 despite persistent negative sentiment. Founder Changpeng Zhao (CZ) stated “Real users vote with their money.” in reaction to the report.
Recent fears, urging users to move funds after withdrawal issues on 3 February, led to limited outflows. CryptoQuant CEO Ki Young Ju noted the FUD triggered a $600 million net outflow, calling it “a whopping 0.3% of their total reserves.”
Year-on-year, Binance’s market share decreased by only 0.5%. Over the same period, second-place Bybit lost 13% of its share, while Upbit posted a 19% decline following a $38 million hack in November.
The token BNB dropped below $800 for the first time since last August amid a broader market correction. This decline could potentially see the altcoin revisit its early 2025 price range in the coming weeks.
