Among the central cryptocurrency exchanges in 2025, Vinance remains an uncontroversial leader. This was the only major platform that did not abolish the tokens added between January 1, 2023 and December 31, 2024.
This reflects “strict” listing strategy and operational stability, according to Cryptoquant.
Binance is leading the listing of quality and rewards
Latest statistics reveal that more than $2.6 billion in airdrops have been distributed in 2024 alone. By doing so, Crypto Exchange has gained over 94% market share in the reward segment. Programs like LaunchPool and Megadrop were able to attract millions of participants, thereby enhancing user engagement and strengthening their control in token rewards.
As of June 2025, crypto exchanges continue this trajectory, with forecasts showing continued leadership in listing quality and reward distributions. For investors, these metrics position the measurements as a stable and reliable exchange of participation in the crypto market.
This advantage also extends to liquidity metrics across major crypto assets.
Binance leads Bitcoin liquidity
Coingecko recently reported that Binance is leading Bitcoin liquidity across all depth levels, holding a depth of about $8 million on both sides within the +/- $100 range ahead of Bitget and OKX. This accounts for approximately 32% of BTC fluidity during the TOP exchange.
Interestingly, within the tighter +/- $10 range, Binance is the only platform with liquidity of over $1 million on each side. In Ethereum liquidity, Bitget overtook Binance within the +/- $2 range, but Binance regained its advantage at a wider depth compared to its 32% share of BTC, maintaining its liquidity share of 25%. For XRP, for Binance, Bitet, and Coinbase, we collectively control 67% of liquidity within the range of +/- $0.02.
For Solana Markets, Crypto Exchange holds a 20% liquidity share in the A+/-$1 range, while for Dogecoin, Binance's liquidity is balanced with Bitget, OKX and Coinbase.
Meanwhile, Cryptoquant reported that leadership as a leader in key crypto exchanges had previously emerged between major crypto exchanges, as it consistently maintains the reserves above 100% and publishes timely monthly POR reports.
OKX continues intimately by maintaining full capital backing with regular monthly disclosures. Meanwhile, Coinbase was ranked last as it failed to publish its POR report despite its market size
