Binance Wavers, Gate.io And Bitget Shake Up The CEX Market
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When a giant falters, the entire crypto ecosystem holds its breath. In April 2025, CoinGecko published an unfiltered snapshot of the centralized exchange (CEX) market, revealing an unprecedented shift in the power dynamics. While Binance remains at the top, its dominance is eroding amid a rapidly reconfiguring landscape of players. The spectacular moves by Gate.io and Bitget, coupled with a global contraction in volumes, raise questions about the sector’s evolution.
In brief
- Binance maintains its…
