Today’s data from the Phoenix Group revealed the overall trading volume growth for the top nine crypto centralized exchanges. The data identified a total transaction volume of 58 active central exchanges (CEXS) over the past week reached $320,190 million.
Top centralized exchanges based on weekly trading volume
#binance #mexc #gateio #bitget #okx #htx #bybit #cryptocom #coinbase pic.twitter.com/0bpgt9vlxx– Phoenix – Crypto News & Analytics (@PNXGRP) May 20, 2025
Binance held the lead
As reported by the data, Binance maintained its status as a market leader. Over the past week, intensive exchanges have recorded trading volumes of $90.4 billion.
According to data, MEXC appeared as the second largest central exchange. We have registered a trading volume of $22.1 billion over the past seven days.
Moved down, Gate.io closed its next position as the third largest exchange. It handled a $20.1 billion trading volume on weekdays, increasing the number of users trading on the platform.
The fourth on the list is Bitget, which won the spotlight with a whopping $19.4 billion trading volume that was processed just last week.
OKX was closely followed as the fifth biggest exchange by trading volumes. Last week, we had a trading volume of $19 billion.
Other CEXs that recorded significant trading volumes over the week include HTX, BYBIT, Crypto.com and Coinbase.
HTX has earned an incredible trading volume of $18.5 billion each week. BYBIT has registered a weekly trading volume of $17.9 billion.
Finally, Crypto.com and Coinbase demonstrated outstanding weekly trading activities of $14.7 billion and $14.2 billion, respectively.
Dex sees growth
The data showed even more interesting development. While CEXS continues to be an important platform that allows users to buy, trade and sell cryptocurrencies, DEXS is gaining momentum and shows its fundamental role in the cryptocurrency industry.
Over the past week, the ratio of transaction volume between intensive and distributed platforms reached 19.10%. This means that for every billion dollars processed on a centralized platform, $191 million will be processed on a decentralized platform.
This ratio represents a surge compared to the past few months. Because of the illustrations, that ratio was 13.65% in October 2024.
Despite the growth in DEX trading volume, CEXS remains the dominant platform in the crypto market. In the past week alone, 58 active CEXSs have processed a total of $32001.9 billion, of which Binance has surpassed $90.4 billion.