According to Cas Abbé, Binance remains the world's largest crypto exchange, recording over $600 billion in spot trading volume and more than $1 trillion in futures trading volume last month. Despite the presence of thousands of centralized exchanges, Binance continues to hold over 40 percent market dominance. For traders, this dominance underscores BNB’s strategic importance and the liquidity advantages of trading on Binance, which can impact both spot and futures markets, as well as overall crypto volatility (source: Cas Abbé on Twitter, June 1, 2025).