BNB Jumps Higher with Binance Dominating Q2 Volumes Amid Wider Market Rally

16 July 2025: Binance Dominates Q2 Trading as BNB Nears $700 Amid Crypto Rally

Binance held its position as the leading crypto exchange in the second quarter, accounting for over 35% of global trading volume, according to TokenInsights.

BNB gained nearly 2% in the past 24 hours, edging closer to $700 on growing buyer demand amid a broader cryptocurrency market rally.

Despite a drop in spot trading volume to $3.6 trillion in Q2 from $4.6 trillion in Q1, Binance’s market dominance remained strong.

The token, widely used on Binance for trading fee discounts and platform activities, traded within a $23 range between $675 and just under $700 last month. It faces technical resistance around $690 to $695, according to CoinDesk Research.

BNB’s price action coincides with its eighth anniversary and a $1 billion token burn, underscoring Binance’s commitment to managing supply.

BNB is also gaining traction in corporate treasuries and has joined initiatives like the Ondo Global Markets Alliance, which aims to bring tokenized assets such as U.S. stocks and ETFs onto the BNB Chain.