TopExchanges

Let’s take a look at the Top 10 Crypto Exchanges in 2025, ranked by trading volume and market share.

1. Binance

Market Share: ~40%

Daily Volume: $40B+

Headquarters: Cayman Islands (operates globally)

Highlights: Still leading the pack in 2025, Binance offers deep liquidity, low fees, and a vast range of crypto assets. It also supports futures, margin trading, and staking.

2. Coinbase

Market Share: ~10%

Daily Volume: $10B+

Headquarters: USA

Highlights: A regulated, user-friendly exchange ideal for beginners. It’s publicly traded and trusted by institutions, making it a go-to platform in the U.S. market.

3. Bybit

Market Share: ~9%

Daily Volume: $9B+

Headquarters: Dubai

Highlights: Known for derivatives trading, Bybit has grown rapidly due to its slick interface and strong affiliate programs. It’s gaining popularity among pro traders.

4. OKX

Market Share: ~8%

Daily Volume: $8B+

Headquarters: Seychelles

Highlights: Offers a wide variety of trading pairs, futures contracts, and a well-developed DeFi ecosystem including its own wallet and DApps.

5. Kraken

Market Share: ~6%

Daily Volume: $6B+

Headquarters: USA

Highlights: A veteran in the crypto space, Kraken is known for its strong security record, fiat support, and regulatory compliance.

6. KuCoin

Market Share: ~5%

Daily Volume: $5B+

Headquarters: Seychelles

Highlights: Popular for altcoin trading, KuCoin supports hundreds of tokens, offers copy trading, and runs its own native token, KCS.

7. Gate.io

Market Share: ~4%

Daily Volume: $4B+

Headquarters: Cayman Islands

Highlights: One of the oldest exchanges, Gate.io is known for listing new coins early and offering a wide variety of lesser-known tokens.

8. Bitget

Market Share: ~3%

Daily Volume: $3B+

Headquarters: Singapore

Highlights: Focuses on copy trading, futures, and crypto education. It has gained traction thanks to influencer partnerships and low fees.

9. MEXC

Market Share: ~2.5%

Daily Volume: $2.5B+

Headquarters: Seychelles

Highlights: Known for fast listings of new projects and meme coins, MEXC attracts traders who want early access to new tokens.

10. Bitfinex

Market Share: ~2%

Daily Volume: $2B+

Headquarters: Hong Kong

Highlights: A pioneer in the crypto exchange space, Bitfinex still holds relevance with advanced trading tools, high liquidity, and support for institutional users.