Global Cryptocurrency Exchange Ranking 2025

In 2025, the cryptocurrency exchange landscape has changed significantly, Binance has firmly ranked first, Bybit surpasses Coinbase and becomes second in the world, Kraken is known for its security, and investors need to comprehensively consider choosing exchanges.

Apr 02, 2025 at 04:34 pm

Binance firmly sits on the throne of the world's largest cryptocurrency exchange. It provides a wide variety of cryptocurrency trading pairs, from well-known Bitcoin and Ethereum to many niche but huge potential digital currencies. In terms of trading types, spot trading meets investors' demand for instant trading, while futures trading provides hedging and speculation tools for investors who pursue high risks and high returns. Its derivative trading is also rich and diverse.

Binance's transaction fees are quite competitive in the industry and adopts a tiered billing model. The larger the transaction volume, the lower the fee. In addition, Binance has a core memory set technology that processes 1.4 million orders per second, and the transaction speed is extremely fast, which allows users to trade smoothly during peak trading periods. Its users are spread across more than 190 countries and regions around the world.

According to Kaiko data report, since October 2023, Bybit's market share has climbed from 8% to 16%, successfully surpassing Coinbase in March 2024 and becoming the world's second largest exchange. After the launch of Bitcoin spot ETFs in the United States, Bybit has achieved significant growth, which has effectively promoted global cryptocurrency trading activities.

It performs outstandingly in derivative trading, especially in products such as perpetual contracts and futures contracts, providing investors with rich leverage choices and flexible trading strategies. Its interface design is simple and intuitive, and even novice investors can get started quickly, and the trading experience is smooth and stable.

Coinbase is the largest cryptocurrency exchange in the United States and is well-known for its ease of use and compliance. The platform interface is simple and clear, the transaction process is simple and easy to understand, and new users can easily complete a series of operations such as registration, recharge, and transactions.

In terms of compliance, Coinbase actively cooperates with regulators, strictly abides by various regulations, and holds numerous regulatory licenses, which provides a solid guarantee for the safety of user assets. Although the types of cryptocurrencies it supports are not as rich as platforms such as Binance, it covers mainstream digital currencies such as Bitcoin and Ethereum, which is enough to meet the basic needs of most investors.

As a veteran cryptocurrency exchange in the United States, Kraken is its significant advantage. It adopts multiple security protection measures, such as cold storage technology to ensure that most user assets are kept offline and effectively prevent hacker attacks; advanced encryption algorithms protect user transaction information and personal data security.

Kraken is also outstanding in compliance, receiving regulatory licensing from multiple countries and regions. In terms of trading functions, Kraken provides various methods such as spot trading and margin trading. The transaction fees are reasonable and transparent, and are highly favored by professional investors and long-term holders.