16 July 2025: Binance Leads Q2 Trading as BNB Nears $700 Amid Crypto Rally
Binance remained the top crypto exchange in Q2, handling more than 35% of global trading volume, according to TokenInsights.
BNB rose nearly 2% in the last 24 hours, approaching the $700 mark, fueled by increasing buyer interest amid a broader crypto market upswing.
Spot trading volumes declined to $3.6 trillion in Q2 from $4.6 trillion in Q1, yet Binance maintained its dominant market share.
BNB is popular on Binance for trading fee discounts and platform participation. In the past month, it traded within a $23 range between $675 and just below $700, facing technical resistance around $690 to $695, based on CoinDesk Research’s analysis.
The token’s recent price moves coincide with BNB’s eighth anniversary and a $1 billion token burn, reflecting Binance’s ongoing supply management efforts.
BNB is also gaining adoption in corporate treasuries and has joined initiatives like the Ondo Global Markets Alliance, aimed at bringing tokenized securities such as U.S. stocks and ETFs to the BNB Chain.
