What are the rankings of global currency exchanges? The latest top ten currency exchanges in 2025

Binance maintains its reign as the top cryptocurrency exchange globally, dominating the market with its extensive offerings and high trading volume.

Feb 08, 2025 at 11:12 am

Key Points:

• Binance: The largest cryptocurrency exchange by trading volume, with a wide range of cryptocurrencies available.
• Coinbase: A leading US-based exchange, known for its user-friendly interface and regulatory compliance.
• Kraken: One of the oldest and most reputable cryptocurrency exchanges, offering advanced trading features.
• KuCoin: A Hong Kong-based exchange popular for its low fees and extensive altcoin offerings.
• Gemini: A New York-based exchange focused on security and compliance, targeting institutional investors.
• Gate.io: A China-based exchange offering a diverse selection of cryptocurrencies and derivatives.
• Huobi Global: A major Chinese cryptocurrency exchange catering to a global user base.
• OKX: A Seychells-based exchange renowned for its advanced trading tools and competitive fees.
• Crypto.com: An exchange with a strong focus on mobile trading and retail investors.
• FTX: A Bahamas-based exchange that was once among the top players, but has since collapsed due to financial mismanagement.

Rankings of Global Cryptocurrency Exchanges

1. Binance

• Established: 2017
• Headquarters: Cayman Islands
• Trading Volume: Over $400 billion daily

Binance is the world's largest cryptocurrency exchange by trading volume, handling a significant portion of the global crypto market. It offers a wide selection of cryptocurrencies, including Bitcoin, Ethereum, and various altcoins. Binance is known for its advanced trading features, low fees, and mobile app compatibility.

2. Coinbase

• Established: 2012
• Headquarters: San Francisco, USA
• Trading Volume: Over $250 billion daily

Coinbase is a popular US-based cryptocurrency exchange aimed at retail investors and beginners. It boasts a user-friendly interface, making it accessible to those new to the crypto market. Coinbase offers a limited selection of cryptocurrencies compared to larger exchanges but focuses on security and regulatory compliance.

3. Kraken

• Established: 2011
• Headquarters: San Francisco, USA
• Trading Volume: Over $150 billion daily

Kraken is one of the oldest and most established cryptocurrency exchanges, known for its reliability and security measures. It offers a diverse selection of cryptocurrencies and advanced trading features catered towards professional traders. Kraken is also actively involved in regulatory compliance and industry advocacy.

4. KuCoin

• Established: 2017
• Headquarters: Singapore
• Trading Volume: Over $100 billion daily

KuCoin is a Hong Kong-based exchange that has gained popularity for its extensive altcoin offerings and low trading fees. It boasts a user-friendly interface for both beginners and experienced traders. KuCoin offers a wide range of trading pairs, including spot, margin, futures, and P2P trading.

5. Gemini

• Established: 2014
• Headquarters: New York, USA
• Trading Volume: Over $80 billion daily

Gemini is a New York-based cryptocurrency exchange focused on security and compliance. It targets institutional investors and high-net-worth individuals. Gemini offers a limited selection of cryptocurrencies but emphasizes security, transparency, and regulatory adherence.

6. Gate.io

• Established: 2013
• Headquarters: China
• Trading Volume: Over $70 billion daily

Gate.io is a China-based exchange that offers a wide range of cryptocurrencies, including a focus on decentralized finance (DeFi) tokens. It provides advanced trading features and claims to offer over 1,400 trading pairs. Gate.io has a global user base but faces regulatory challenges in certain jurisdictions.

7. Huobi Global

• Established: 2013
• Headquarters: Singapore
• Trading Volume: Over $50 billion daily

Huobi Global is a major Chinese cryptocurrency exchange that caters to a global user base. It offers a variety of services, including spot trading, margin trading, futures, and OTC trading. Huobi Global has a strong presence in Asia and is known for its extensive cryptocurrency offerings.

8. OKX

• Established: 2017
• Headquarters: Seychelles
• Trading Volume: Over $40 billion daily

OKX is a Seychells-based cryptocurrency exchange known for its advanced trading tools and support for various crypto derivatives. It offers a wide range of trading options, including spot, margin, futures, and options trading. OKX has a strong focus on innovation and is committed to providing traders with a robust trading experience.

9. Crypto.com

• Established: 2016
• Headquarters: Singapore
• Trading Volume: Over $30 billion daily

Crypto.com is a cryptocurrency exchange that emphasizes mobile trading and retail investors. It offers a user-friendly mobile app along with a range of products, including a credit card with crypto rewards, a DeFi wallet, and a non-custodial wallet. Crypto.com is known for its marketing campaigns and focus on mainstream adoption.

FAQs:

Q: What factors determine the ranking of cryptocurrency exchanges?
A: Factors include trading volume, liquidity, security measures, customer support, and regulatory compliance.

Q: Which exchange is the most secure?
A: Exchanges like Kraken, Gemini, and Coinbase prioritize security through robust measures such as multi-factor authentication, cold storage, and regular audits.

Q: What is the best exchange for beginners?
A: Coinbase and Crypto.com offer user-friendly interfaces and educational resources suitable for beginners.

Q: What exchange has the lowest fees?
A: KuCoin is known for offering low trading fees, while Binance and Kraken also have competitive fee structures.

Q: What is the most popular cryptocurrency exchange?
A: Binance is the largest and most popular cryptocurrency exchange based on trading volume and market share.