‘Real users vote with money’- Binance retains global lead despite FUD

Binance has maintained its top spot as the world’s dominant crypto exchange despite the ongoing FUD. 

According to Coingecko, the platform had a 39% market share in 2025, with Bybit coming in second at 8% – Nearly 5x lower than the market leader. 

Coinbase, one of the United States’ top players in the market, ranked sixth in global crypto trading volume. This underscored market clout from offshore exchanges. 

Source: Coingecko

Reacting to the report, Binance founder Changpeng Zhao (CZ) said, 

“Real users vote with their money.”

This seemed like a subtle dig against the ongoing FUD against the exchange. In fact, there have been claims that the platform triggered the 10 October crash and was behind the ongoing “crypto winter.”

Binance’s resilience despite FUD

The FUD escalated recently after some users urged their followers to move funds from the exchange. This, after the platform experienced withdrawal issues on 3 February. 

However, AMBCrypto analysis found these rumors to be false. Especially as data showed outflows within normal levels given the broader market distress. 

CryptoQuant CEO Ki Young Ju also emphasized the same, stating that the FUD led to only $600 million in outflows, or just 0.3% of exchange BTC’s reserves. He sarcastically posed, 

“Dear Binance FUDers, great job. You triggered a $600M net outflow rush, a whopping 0.3% of their total reserves.”

Source: CryptoQuant

Surprisingly, even on a year-on-year (YoY) basis, Binance lost only 0.5% of market share.

Here, it’s worth noting that Hyperliquid DEX’s growing clout and the FUD that began in late 2025 didn’t really dent its standing that much. 

Source: Coingecko

Over the same period, Bybit, the second most dominant platform, lost 13% of its share. The South Korea-based Upbit posted the largest decline of 19% after the $38 million hack in November. 

Perhaps the most surprising comeback was MEXC, which grew by 90% despite a massive community backlash in late 2025 for blocking customer funds. 

What about BNB’s price?

BNB‘s price dropped below $800 for the first time since last August amid a broader market correction. 

If the pullback deepens, the early 2025 price range of $500-$600 could be feasible for the altcoin in the next few weeks. 

Source: BNB/USDT, TradingView 

Final Thoughts

• In 2025, Binance maintained its industry lead with 39% in trading volume market share, dropping only 0.5% from its 2024 levels. 
• BNB fell below $800 for the first time since August amid a broader risk-off market sentiment.