CryptoQuant has released a review of cryptocurrency exchange activity for the 2025 fiscal year. Over the past two years, overall exchange data—whether spot or futures—has remained at absolute highs, which basically aligns with BTC's upward trend over the same period. Looking at specific exchange data, Binance continues to maintain an absolute lead, with both spot and futures trading volumes accounting for over 40% of the total. In fact, CryptoQuant's statistics are pretty similar to the December rankings and proportions previously reported by Rhythm. As for stablecoin data, Binance holds $47.6 billion, accounting for 72% of total reserves across exchanges. This exaggerated proportion far surpasses other exchanges and highlights Binance's massive advantage in liquidity. On top of that, Binance Alpha and Binance Wallet are increasingly dominating altcoin and on-chain activities. Whether you're a newbie or a seasoned trader, Binance is undoubtedly the top choice for trading. https://accounts.(binance.com)/zh-CN/register?ref=V13GBV9X