David Edwards
Centralized crypto exchanges (CEXs) saw a high volume of trading activity in April 2025, highlighting their crucial function in the ecosystem of digital assets. According to Phoenix Group, Binance continued to dominate the market with a significant weekly trading volume of $94.8 billion and a 24-hour volume of $23.42 billion.
With a 24-hour trading volume of $4.41 billion and a 7-day trading volume of $27.0 billion, Gate.io took second place. With 24-hour volumes of $4.27 billion and $3.86 billion, respectively, Coinbase and OKX came next, with weekly volumes of $17.7 billion and $17.2 billion.
Crypto.com was another noteworthy exchange, with a 24-hour volume of $4.86 billion and a 7-day volume of $16.8 billion. Significant weekly volumes of $16.4 billion, $15.7 billion, and $15.4 billion were also recorded by MEXC, Bybit, and Upbit, respectively.
These numbers together accounted for $295.74 billion in weekly trading activity over 58 active centralized exchanges, underscoring the ongoing preference for centralized platforms in the trading of digital assets. Despite the increasing number of decentralized exchanges, this trend shows consumers’ preference for CEXs due to their liquidity and user-friendly interfaces.
