Binance has again shown its strength in the crypto world, taking the top spot in both spot and derivatives markets in CoinDesk’s latest Exchange Benchmark with a great score of 90.1. CEO Richard Teng shared this news on May 8, 2025, highlighting the platform’s strong setup, deep asset pool, and focus on user experience, trusted by over 270 million users worldwide.
A strong market signal
This comes when the market is really moving—Bitcoin trading near $100 000 and Ethereum around $2000—making Binance’s strong position perfect for traders looking for a steady place in rough times.
In other markets, the S&P 500 went up a bit, 0.4%, to 5,631.28, and the Nasdaq also rose, 0.3%, to 17,738.16 on May 7, 2025. This shows a careful move into risk that often reaches into crypto.
The CoinDesk Exchange benchmark has evaluated 87 exchanges in over 100 metrics in several risk categories. They include:
👉KYC and Transaction risk
👉Security
👉Quality of the market
👉Transparency
CoinDesk’s report
When CoinDesk’s report came out, Binance was at the head of 87 rated exchanges, getting its AA status and scoring better than others like Coinbase and Bitstamp by a good bit. This isn’t just for show—it tells both big institutions and everyday traders that Binance is the place for solid trading, especially in wild times. High ups and downs call for tight price gaps and deep order books, and Binance meets these needs.
This award came right as Bitcoin was moving a lot. At 10:00 AM UTC on May 8, 2025, BTC was at about $100 000, down around 2.3% in a day, showing the same mood swing through the entire market.
Ethereum was also down, at about $1850 after falling 1.8% in the same time, signaling wider market worries.
Stock market
Back in stock markets, the S&P 500’s small climb to 5,631.28 and the Nasdaq’s rise to 17,738.16 suggest a bit of hope, a setting that often pushes money into crypto as traders look for returns and different options.
What does this ranking mean for Binance?
So, what does Binance’s top ranking really mean? First off, the news led to more action on the platform. By 11:00 AM UTC on May 8, Binance’s 24-hour BTC/USDT volume hit $18 billion—a 15% jump from the day before, making trades quicker and easier.
When trading picks up like that, it helps big orders go through better and reduces price changes for everyone. Positive changes in tech-heavy markets often move into altcoins—see the Nasdaq’s slight gain along with a new interest in Ethereum and other tokens.
And don’t overlook derivatives: Binance’s derivatives section, now the best, offers tools and low fees for experienced traders looking at fast-moving plays or ways to balance their risks.
Pros of traditional trading
As pros from traditional finance dip into crypto through regulated ways, they lean toward places known for clear rules and honest practices. Binance’s AA rating and a rise in interest—BTC futures open interest jumped to $22 billion on May 8, up 10% in one day—show this strong, deep market that traders like.
How does that affect different crypto assets?
On the charts, BTC found some support around $98 000 around noon UTC on May 8, with resistance near $100 000—a key spot for traders looking for fast moves. The Relative Strength Index was around 48, neutral, while the MACD hinted at being careful for now. Traders should watch if RSI drops under the halfway point for signs of a possible jump back up.
Analysis shows Bitcoin’s weekly link with the S&P 500 at about 0.6, showing how moves in regular markets can impact crypto, giving traders chances across different assets.
Ethereum’s ETH/USDT pair shows similar moves: a 24-hour volume of $7.2 billion and price near the $2000 support zone, with records showing over 1.2 million unique addresses interacting on Binance in 24 hours—more proof of high activity.
In conclusion
To sum it up, Binance’s #1 ranking isn’t just a title—it’s proof why millions of traders, from beginners to pros, pick the platform when the market shakes. Whether you’re really positive on BTC, covering your bases in options, or looking for altcoin chances, Binance’s top spot and derivatives setup give you the depth, steadiness, and good prices you need. So the next time the markets move a lot, keep in mind: you’re not just guessing, you’re tapping into the power of crypto trading.
