Binance once again surpasses all exchanges in spot trading volume — CryptoQuant

The cryptocurrency exchange Binance has once again taken the top spot in spot trading volume, surpassing the combined figures of all other trading platforms. This was reported by CryptoQuant analysts, who called the development a positive signal for the market.

The last time this was observed was in January 2024, when the first spot Bitcoin ETFs were launched. At that time, the price of Bitcoin quickly rose from $40,000 to $73,000.

“The recurrence of this phenomenon usually indicates that large traders and market makers are showing strong interest in spot trading and are choosing Binance as their main trading platform,” noted CryptoQuant.

According to analysts, the current dynamics may indicate an increase in the presence of institutional capital in the market. This, in turn, could strengthen the future “bullish momentum.” Experts added that tracking such indicators is becoming an important signal that few are paying attention to so far.