Binance Commands 27.7% of Spot Market and Tops CCData with AA Rating in Liquidity and Depth

Binance has cemented its position as a leader in the cryptocurrency market, capturing 27.7% of the total spot trading volume over the past six months, according to the latest CCData report. Among the top 10 spot exchanges, Binance outshines all competitors, with its volume share exceeding that of other major exchanges. Collectively, other exchanges contribute to over 50% of the spot market volume, with Binance taking the lion’s share.Binance Leads in BTC and ETH Order Book DepthThe report further highlights Binance’s unparalleled depth in BTC and ETH order books, with $350 million in liquidity across USDC and USDT pairs. This 5% depth level for Bitcoin and Ethereum pairs positions Binance ahead of competitors like Kraken and Bitfinex, which have concentrated liquidity primarily in USD pairs, with approximately $154 million in depth each. Binance’s extensive depth across USD-stable pairs demonstrates its market-leading liquidity and capacity to support high-volume trades.Top Rating in CCData’s Exchange BenchmarkIn addition to its market share and liquidity dominance, Binance has achieved an AA rating in CCData’s latest Exchange Benchmark, a significant improvement from previous rankings. Binance earned the highest possible grade as the leading centralized spot exchange and also secured an AA rating as the top derivatives exchange. This recognition further solidifies Binance’s status as a trusted platform for both spot and derivatives trading, reflecting its commitment to market depth, security, and high standards in exchange services.