Cryptocurrency Exchange Market Share Ranking in 2025

As of 2025, Binance led the market with 30%, while Coinbase, Kraken, Huobi and OKEx accounted for 20%, 15%, 10% and 5% respectively, with fierce competition.

Apr 18, 2025 at 12:59 pm

With the continuous development and maturity of the cryptocurrency market, the market share of exchanges has become the focus of attention of investors and industry insiders. As of 2025, the major cryptocurrency exchanges on the market include Binance, Coinbase, Kraken, Huobi and OKEx . These exchanges have a huge user base and trading volume around the world, forming a fierce competitive landscape.

Binance continues to maintain its leading position in the market with its extensive trading pairs and low trading fees. Coinbase has attracted a large number of institutional investors with its strong performance and compliance in the US market. Kraken has won the trust of users for its security and professionalism, while Huobi and OKEx occupy an important position in the Asian market. This article will analyze the market share rankings of these exchanges in detail in 2025 and explore the reasons behind them.

Binance's market performance

Binance continues to lead the market share in 2025 , with strong growth momentum in its transaction volume and number of users. Binance's success is mainly due to its global strategic layout and its continuous launch of innovative products.

Binance not only provides a wealth of trading pairs, but also launches Binance Smart Chain (BSC), attracting a large number of decentralized applications (DApps) and developers. In addition, Binance's low transaction fees and efficient trading engine have also won it a large number of users. Binance's market share reached about 30% in 2025 , giving it an absolute leading position in global cryptocurrency exchanges.

Coinbase's market performance

Coinbase ranked second in market share in 2025 , and its main advantage lies in its strong performance and compliance in the US market. As a listed company, Coinbase has been favored by a large number of institutional investors.

Coinbase not only provides a rich variety of cryptocurrency trading pairs, but also launches professional services such as Coinbase Pro and Coinbase Custody, which meet the needs of different types of users. In addition, Coinbase has also invested a lot of resources in user experience and security to ensure the security of users' funds and data. Coinbase's market share is about 20% in 2025 , which makes it an important position in the global market.

Kraken's market performance

Kraken ranks third in market share in 2025 , and its main advantage lies in its safety and professionalism. Since its establishment, Kraken has won the trust of users with its high standards of security measures and professional trading services.

Kraken not only provides a rich trading pair, but also launches professional trading platforms such as Kraken Pro to meet the needs of professional traders. In addition, Kraken has invested a lot of resources in compliance to ensure its legal operations worldwide. Kraken's market share is about 15% in 2025 , which makes it an important position in the global market.

Huobi's market performance

Huobi ranked fourth in market share in 2025 , and its main advantage lies in its strong performance in the Asian market. Since its establishment, Huobi has won a large number of users with its rich trading pairs and efficient trading engine.

Huobi not only provides a rich trading pairs, but also launched localized services such as Huobi Global and Huobi Korea, which meet the needs of users in different regions. In addition, Huobi has also invested a lot of resources in user experience and security to ensure the security of users' funds and data. Huobi's market share is about 10% in 2025 , which makes it an important position in the global market.

OKEx's market performance

OKEx ranked fifth in market share in 2025 , and its main advantage lies in its strong performance in the Asian market. Since its establishment, OKEx has won a large number of users with its rich trading pairs and efficient trading engine.

OKEx not only provides a rich trading pairs, but also launches localized services such as OKEx Global and OKEx Korea, which meet the needs of users in different regions. In addition, OKEx has also invested a lot of resources in user experience and security to ensure the security of users' funds and data. OKEx's market share is about 5% in 2025 , which makes it an important position in the global market.

Market performance of other exchanges

In addition to the above five major exchanges, there are many other exchanges that have occupied a certain share in the market in 2025 . For example, exchanges such as Bitfinex, Bittrex and Poloniex also have a high market share in certain specific markets. These exchanges attract specific user groups by providing unique trading pairs and services.

In addition, some emerging decentralized exchanges (DEXs) such as Uniswap and SushiSwap also achieved significant growth in 2025, attracting a large number of users and funds. Although the market share of these exchanges is relatively small, their growth rate cannot be ignored.

Factors affecting market share

There are many factors that affect the market share of cryptocurrency exchanges , including transaction volume, number of users, transaction fees, security, compliance and user experience. Trading volume and number of users are important indicators for measuring the market share of the exchange. The larger the trading volume and the more users, the higher the market share of the exchange.

Transaction fees are also an important factor, and low transaction fees can attract more users and transaction volume. Security and compliance are also important factors affecting market share, and users are more willing to choose exchanges with high security and strong compliance. User experience is also a key factor. A good user experience can improve user loyalty and activity, thereby increasing the exchange's market share.

Frequently Asked Questions

Why does Binance have the highest market share in 2025?

Binance's highest market share in 2025 is mainly due to its global strategic layout and its continuous launch of innovative products. Binance not only provides a wealth of trading pairs, but also launches Binance Smart Chain (BSC), attracting a large number of decentralized applications (DApps) and developers. In addition, Binance's low transaction fees and efficient trading engine have also won it a large number of users.

What are the advantages of Coinbase in the US market?

Coinbase's advantage in the US market lies in its strong market performance and compliance. As a listed company, Coinbase is favored by a large number of institutional investors. In addition, Coinbase has also invested a lot of resources in user experience and security to ensure the security of users' funds and data.

In what aspects does Kraken's security and professionalism reflect?

Kraken's security is reflected in its high standards of security measures and professional transaction services. Since its inception, Kraken has won the trust of its users with its high standards of security measures. In addition, Kraken has launched professional trading platforms such as Kraken Pro to meet the needs of professional traders.

How are Huobi and OKEx performing in the Asian market?

Huobi and OKEx performed strongly in the Asian market. Huobi has won a large number of users by providing a rich trading pairs and an efficient trading engine, and has launched localized services such as Huobi Global and Huobi Korea. OKEx also attracted a large number of users by providing a rich trading pairs and an efficient trading engine, and launched localized services such as OKEx Global and OKEx Korea.