In 2025, Binance remains the top-ranked cryptocurrency exchange globally by trading volume and user count, consistently holding between 35% and 40% of the total centralized exchange market share.
Top 10 Global Exchanges (2025 Market Share)
Based on data from the second and third quarters of 2025, the leading centralized exchanges by spot and derivatives volume are:
Binance: Unchallenged leader with a spot volume market share of approximately 39.8%.
Bybit: Strong second in total median volume (~$4.2 billion daily), though it suffered a major $1.5 billion hack in early 2025.
OKX: Leading in derivatives trading volume and holding roughly 14.3% of the Q2 market share.
Bitget: Added over 2 million new users in Q2 2025, reaching an 11.4% market share.
MEXC: Ranked as the second-largest by spot volume in specific monthly metrics, holding an 8.6% share.
Gate.io: Ranked third in some 2025 spot volume reports with a 7.8% share.
Upbit: Dominant in South Korea and ranked in the top 10 globally with a daily volume of ~$2.26 billion.
Coinbase: The largest regulated exchange in the United States, processing ~$234 billion in quarterly volume but losing global market share (down to 5.8% by mid-2025).
Crypto.com: Known for its mobile-first ecosystem and Visa card, processing ~$3.58 billion in median daily volume.
HTX (formerly Huobi): Maintains a top-10 position with a daily median volume of ~$2.41 billion.
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