Q1 Crypto Market Report is out, and Binance continues to dominate Total spot trading volume across the market was approximately $1.94 trillion, derivatives trading volume hit around $18.63 trillion, bringing the total to about $20.57 trillion. Binance's Q1 derivatives trading volume reached approximately $4.90 trillion, accounting for 34.9% among the Top 10 trading platforms. User asset reserves stood at about $152.9 billion, making up 73.5% of mainstream centralized exchanges. Binance leads significantly across multiple key metrics: derivatives trading volume is about 2.2x that of OKX, average OI is roughly 2.2x that of Bybit, and user asset reserves are approximately 9.6x that of OKX. Top 5 platforms for derivatives trading: Binance, OKX, Bybit, Gate, and Bitget. The spot market is more fragmented, with platforms other than Binance holding market shares of roughly 8%-10%. #Crypto #Binance #Q1Report