The top 10 rankings of global cryptocurrency exchanges in 2025

Panoramic analysis of global mainstream cryptocurrency exchanges in 2025

(Comprehensive evaluation based on transaction size, compliance, user coverage and market influence)

1. CME Group (Chicago Mercantile Exchange)

• Positioning: The world's leading regulated Bitcoin futures exchange, the benchmark for institutional investors
• Key data: crypto derivatives trading volume reaches $1.4 trillion in 2024, and Bitcoin open contracts are worth more than $20 billion
• Advantages:
  • High standards and compliance: strictly regulated by the US CFTC, and products are included in the underlying assets by ETFs in Hong Kong and Europe
  • Risk management: Adopt cold storage and multi-signature technology to attract institutional funds
• Limitations: Retail investors have a high entry threshold, mainly providing futures contracts

2. Coinbase

• Positioning: The world's largest Bitcoin custodian, a model of US compliance
• Key data: Hosted 2.4 million BTC (valued at $245 billion), profit of $1.3 billion in the fourth quarter of 2024
• Advantages:
  • Security: Obtained by SEC regulatory endorsement, 85.7% gross profit margin shows efficient operation
  • Ecosystem expansion: Integrate Base chain and staking services to promote revenue diversification
• User coverage: friendly interface for novices, perfect fiat currency channel

3. Binance

• Positioning: The largest exchange in the world with trading volume, covering more than 500 cryptocurrencies
• Key data: The cumulative transaction volume in 2024 exceeds US$100 trillion, with 250 million registered users
• Advantages:
  • Comprehensive products: provide one-stop services such as spot, contracts, leverage and order transactions
  • Regional penetration: Dominant in BRICS countries and European markets, zero handling fees for P2P transactions
• Controversy: Ownership transparency has attracted attention, and compliance investment has been increased in recent years

4. Robinhood

• Positioning: Friendly platform for retail investors, Meme currency trading surges
• Key data: crypto trading volume rose 400% to $70 billion in 2024, with profits of $188 million in the fourth quarter
• Advantages:
  • Easy to operate: Zero commission model attracts newbies and supports Ethereum staking
  • Strategic expansion: Plan to acquire Bitstamp to expand European markets

5. Upbit (Korea)

• Positioning: South Korea's largest exchange, dominating XRP and DOGE trading
• Key data: Serving 10 million users, with a single-day transaction volume of US$27.25 billion in 2024
• feature:
  • Regional premium: "Kimchi premium" is significant, with investors over 60 years old accounting for a high proportion
  • Liquidity risk: Political fluctuations have triggered market crashes, and giant whales frequently buy at the bottom

6. Deribit (Dubai)

• Positioning: a leader in option trading, a professional derivatives platform
• Key data: Nominal options trading volume in 2024 is US$743 billion, accounting for 85% of the global market share
• Advantages:
  • Flexible leverage: Supports high-plus speculation, peak open contracts with $48 billion
  • Compliance progress: Obtaining Dubai VASP license and expanding fiat currency channels

7. Bitstamp (Luxembourg)

• Positioning: European veteran compliance exchange
• Advantages:
  • Stability: EU license provides guarantees and agency-level API services
  • Acquisition News: Robinhood plans to acquire to enhance its layout in Europe

8. Bitbank (Japan)

• Positioning: The leader in spot trading in Japan
• Market share: accounts for 20%-30% of the domestic market, supporting 38+ trading pairs
• User characteristics: Preference for low-volatility tokens such as XRP and ADA

9. Bitget

• Positioning: The pioneer of order trading
• Data: Cumulative users exceed 60 million, and the African market grew by 1468% annually
• Innovation: Integrate Telegram ecosystem and launch MemeX tools

10. Gemini (USA)

• Positioning: The first choice for high-net-worth users, safety first
• Compliance News: Compensation of $1.8 billion to Earn Program Users in 2024
• Technical Assurance: Insurance and Cold Storage Technology, regulated by NYDFS