According to @_RichardTeng on Twitter, Binance has been ranked #1 in both spot and derivatives trading on the CoinDesk Exchange Benchmark for 2025. This top ranking signals strong user trust and liquidity, with over 270 million users contributing to its market leadership (source: @_RichardTeng, CoinDesk Exchange Benchmark). For traders, Binance’s dominance suggests stable order books, high volume, and robust trading infrastructure, making it a preferred venue for both retail and institutional crypto market participants.