PANews reported on May 8 that according to a research report released by CoinGecko, in the centralized exchange market share ranking in April 2025, Binance ranked first with a market share of 38%, followed by Gate.io in second place with a market share of 9%.
In addition, Gate.io was the second-largest centralized exchange by spot trading volume in April 2025. Its trading volume reached $113.7 billion, with a market share of 9.0%. This was a 14.4% increase compared to $99.4 billion in March. It was the only exchange to achieve double-digit growth. Except for Binance, no exchange had a market share of more than 10% in April.
