In 2025, the mainstream exchange spot trading landscape shows a clear differentiation. According to the latest statistics, the total spot trading volume has increased by 12.0% compared to last year, but the performance of each platform varies significantly. MEXC leads the growth chart with a year-on-year surge of 93.9%, followed closely by BitMart and KuCoin, which grew by 55.1% and 49.0% respectively. On the other end, Upbit declined by 17.0%, Bybit fell by 12.2%, while Binance remained relatively flat with a slight increase of 0.8%.

The derivatives market demonstrates even stronger growth momentum, with total trading volume soaring by 36.7%. Among the top players, Bitget performed the best with a growth of 280.3%, far exceeding the industry average. Gate also held its ground, with derivatives trading volume increasing by 46.6%, showing steady growth. These data reflect that in 2025, liquidity in the crypto market is increasingly concentrated in leading and emerging exchanges, accelerating the evolution of the market landscape.