List of the top ten APPs on the 2025 Currency Exchange

Ranking of top ten APPs on currency exchanges in 2025

1. Binance

• Core advantages:
  • Leading global trading volume: The average daily trading volume exceeds US$77 billion, supporting 461 cryptocurrencies and 1777 trading pairs, covering more than 200 countries.
  • Product ecosystem: Provides full-service services such as spot, futures, DeFi, NFT, Launchpad, etc., and launches the AI ​​trading assistant "Binance Genius" in 2025, which can automatically generate trading strategies.
  • Compliance progress: US branches plan to resume US dollar services and cooperate with US financial institutions to launch the stablecoin USD1, trying to re-enter the U.S. market.
• Risk warning: The US SEC continues to investigate, and some functions are limited; mainland users need to access through overseas nodes.

2. OKX

• Core advantages:
  • Advanced technology: The independently developed trading engine handles 100 million orders per second, supports more than 300 currencies and 50 million active users, and introduces Web3.0 authentication (SBT) in 2025.
  • Derivative innovation: Options, volatility trading, synthetic assets and other products account for 60%, and the average daily trading volume of perpetual contracts exceeds US$20 billion.
  • Compliance layout: Hold licenses from 12 countries including Hong Kong and Singapore, and cooperate with PwC to complete the reserve audit.
• Risk warning: The interface is complex and novices need to adapt.

3. Bybit

• Core advantages:
  • Leader in derivatives market: The second largest futures trading volume in the world, supports 125 times leverage and copy trading, and launches the "Institutional Dark Pool" service in 2025 to reduce the slippage of large-scale trading.
  • User experience: The interface is simple, supports multilingual and fiat currency deposits (such as Indian Rupee and South African rand), and emerging markets have grown significantly.
  • Compliance: Obtain Dubai and Seychelles licenses, and cooperate with Europol to combat money laundering.
• Risk warning: There are few spot trading pairs, mainly serving professional traders.

4. Coinbase

• Core advantages:
  • Compliance benchmark: The largest exchange in the United States, holding a SEC license, launched pension account access service in 2025 to attract institutional investors.
  • Security: The cold storage ratio reaches 98%, and it cooperates with insurance giant AIG to provide asset insurance, and user funds are protected by SIPC.
  • User-friendly: The interface is minimalist and supports instant trading of fiat currency, suitable for beginners and long-term holders.
• Risk warning: The handling fee is high (0.5%-1.49%), and the supporting currency is limited (273).

5. Kraken

• Core advantages:
  • Security and Compliance: Founded in 2011, it is the first exchange certified by the EU MiCA. It launched the "Quantum Security Wallet" in 2025 to resist quantum attacks.
  • Institutional services: Provide bulk transactions, OTC, pledge, etc., and cooperate with Fidelity Investment to launch cryptocurrency custody services.
  • Transparency: Regularly publish reserve certificates (PoRs) to support on-chain fund tracking.
• Risk warning: The interface functions are more traditional and there is a lack of innovative products.

6. Bitget[adid]fc490ca45c00b1249bbe3554a4fdf6fb[/adid]

• Core advantages:
  • Copy Trading: The world's largest order-following platform, supports more than 400 trader strategies, launches "AI Intelligent Order-following" in 2025, automatically filters high-win rate strategies.
  • Derivatives growth: Futures trading volume market share is 8.1%, supporting USDT and USDC dual-currency contracts, with a maximum leverage of 125 times.
  • Compliance: Hold Canadian and Australian licenses and cooperate with Interpol to fight fraud.
• Risk warning: There has been a wallet vulnerability incident, so you need to pay attention to security measures.

7. KuCoin

• Core advantages:
  • Currency diversity: Supports 902 cryptocurrencies, covering more than 80% of emerging projects, and launches "KuCoin Labs" to incubate blockchain startups in 2025.
  • Low handling fee: Spot transaction rate is 0.1%, and you can enjoy a 50% discount when holding KCS tokens.
  • User incentives: hold "transaction competitions" regularly to divide up million USDT rewards.
• Risk warning: Low liquidity, large-scale transactions may affect prices.

8. MEXC

• Core advantages:
  • Niche currency: supports 2,807 tokens, covering emerging fields such as DeFi and GameFi, and launches the "AI Currency Prediction" function in 2025.
  • Low handling fee: 0% Maker fee for futures trading, 0.02% Taker fee, suitable for high-frequency traders.
  • Compliance: Holding a Seychelles license, partnering with India's CoinDCX to expand its local market.
• Risk warning: User funds have been lost due to security breaches, so you need to make careful choices.

9. Crypto.com

• Core advantages:
  • Brand and Ecology: Cooperate with F1 and NBA to issue Visa crypto credit cards, launching the "Metaverse Exchange" in 2025 to support virtual asset trading.
  • Pledge income: Holding CRO tokens can enjoy an annualized 12% pledge income, supporting mainstream currencies such as BTC and ETH.
  • Compliance: Holding Singaporean and South Korean licenses, and cooperating with Mastercard to expand payment scenarios.
• Risk warning: The price of platform currency CRO fluctuates greatly, and market risks should be paid attention to when pledging.

10. Gate.io

• Core advantages:
  • Innovative products: Supports more than 800 currencies, launching "NFT lending" and "AI quantitative robots" in 2025 to automatically execute grid trading strategies.
  • Low handling fee: spot trading rate is 0.05%, futures are 0.02%, suitable for small and high-frequency trading.
  • Compliance: Holding a U.S. MSB license, working with the African Central Bank to promote crypto payments.
• Risk warning: The interface design is old and the user experience is average.

Key dimensions for choosing an exchange

1. Compliance:
   • Priority is given to platforms that hold local licenses (such as Binance Hong Kong and Coinbase United States) to avoid "three-no" exchanges.
   • Mainland users need to access through overseas nodes to avoid using domestic IP or mobile phone number to register.
2. Security:
   • Cold storage ratio, insurance funds, and third-party audits are core indicators (such as Binance's SAFU fund, Kraken's PoR).
   • Enable 2FA, IP whitelist, withdrawal delay and other functions. Web3.0 authentication (SBT) is recommended in 2025.
3. Functional requirements:
   • Spot trading: Coinbase (compliant), KuCoin (many currency).
   • Derivative trading: OKX (options), Bybit (futures).
   • DeFi and NFT: Gate.io (NFT lending), Crypto.com (Metauniverse).
4. Processing fees and costs:
   • High-frequency traders choose MEXC (0% Maker Fee) and Bitget (copy transaction).
   • Long-term holders choose Coinbase (low friction) and Kraken (safety).

2025 Trends and Tools Recommendations

• Technological innovation:
  • AI trading: Binance Genius, Bitget intelligent order follow-up.
  • Cross-chain bridge: OKX supports Polygon and Arbitrum cross-chain, and Gas costs are reduced by 90%.
• Compliance services:
  • Tax Optimization: Binance and TaxBit cooperate to generate tax reports to support compliance declarations in multiple countries.
  • Institutional custody: Coinbase and Kraken launch pension account access services.
• Risk hedging tools:
  • Options and Insurance: Deribit (options), Nexo (crypto insurance).
  • On-chain monitoring: Chainalysis, TRM Labs tracks the flow of funds.

Risk warning

1. Market risk:
   • Cryptocurrency prices are volatile, with Bitcoin volatility expected to reach 120% in 2025.
   • High leverage trading (such as 125 times) may lead to a liquidation, and it is recommended to keep the position below 20%.
2. Operational risk:
   • Avoid using public Wi-Fi or third-party wallets, and private keys need to be backed up offline.
   • Be wary of phishing websites and download apps through official channels (such as Google Play and Apple Store).