Which are the most popular cryptocurrency exchanges?

The most popular cryptocurrency exchanges, Binance, Bybit, OKX, Coinbase and Kraken, each performs outstandingly in terms of transaction volume, number of users, service types and security.

Mar 27, 2025 at 05:19 pm

Binance is the world's largest cryptocurrency exchange, ranking first in terms of transaction volume and number of users. It offers a wide range of cryptocurrencies covering a variety of trading types including spot trading, futures trading and derivatives. Binance charges low transaction fees and provides a variety of payment methods. Its core memory set technology can reach 1.4 million orders/second, making it one of the fastest cryptocurrency trading platforms in the world, with users covering more than 190 countries and regions around the world.

According to Kaiko data report, Bybit's market share rose from 8% to 16% since October 2023, surpassing Coinbase in March 2024 to become the second largest exchange after Binance. Bybit has achieved significant growth following the launch of Bitcoin spot ETFs in the United States, driving global cryptocurrency trading activity and is a major player in the global cryptocurrency trading field.

Formerly known as OKEx, OKX is a cryptocurrency exchange based in Seychelles with offices in the United States and elsewhere around the world. It provides a comprehensive service including spot trading, margin trading, derivatives and mining. OKX has created the world's leading crypto trading system, such as unified trading account, launched X, and provided multi-chain custodial wallet, OKX NFT market, DEX, Dapp and other products. The construction of its own public chain OEC ecosystem is also emerging, which can meet users' needs for various digital asset businesses.