According to TokenInsight's Q2 2025 cryptocurrency exchange report, Binance, OKX, Bybit, and Bitget ranked as the top four exchanges by market share in both spot and derivatives markets, with shares of 35.39%, 14.34%, 12.26%, and 11.45%, respectively. Five exchanges saw market share growth: OKX (+1.08%), Bitget (+0.14%), HTX (+0.51%), Gate (+2.55%), and KuCoin (+0.05%).