Cryptocurrency exchanges have become the backbone of digital finance, enabling millions to trade, invest, and interact with various digital assets. With growing adoption, these platforms support everything from simple trading to advanced strategies. Whether you’re a beginner or an experienced trader, choosing a reliable exchange is crucial for trading efficiency, fees, security, and overall market experience.
Here’s an in-depth look at the top 10 crypto exchanges by market share as of April 2025.
Top 10 Cryptocurrency Exchanges Ranked
Below is the list of the top 10 centralized cryptocurrency exchanges based on market share and trading volume:
| Rank | Exchange | Market Share (%) | Trading Volume (USD Billion) |
|---|---|---|---|
| 1 | Binance | 38.01 | 482.63 |
| 2 | Gate.io | 8.96 | 113.73 |
| 3 | Bitget | 7.25 | 92.01 |
| 4 | MEXC | 7.09 | 90.07 |
| 5 | OKX | 7.05 | 89.46 |
| 6 | Coinbase | 6.93 | 88.04 |
| 7 | Bybit | 6.74 | 85.51 |
| 8 | Upbit | 6.38 | 80.96 |
| 9 | Crypto.com | 6.16 | 78.23 |
| 10 | HTX | 5.43 | 68.94 |
Detailed Breakdown of Each Exchange
1. Binance
- Founded: 2017
- Coins Traded: 397
Key Features:
- Largest exchange by volume (38% market share).
- Offers spot, futures, staking, and NFT trading.
- Trust Wallet integration and Binance Labs support.
👉 Explore Binance’s advanced trading tools
2. Gate.io
- Founded: 2013
- Coins Traded: 2,524
Key Features:
- Over 2,500 cryptocurrencies supported.
- Spot, futures, and margin trading.
- Zero-knowledge security technology.
3. Bitget
- Founded: 2018
- Coins Traded: 701
Key Features:
- Copy trading and multi-chain wallet services.
- Strategic sports partnerships (e.g., football leagues).
4. MEXC
- Founded: 2018
- Coins Traded: 2,376
Key Features:
- Low transaction fees (0.2%).
- Crypto-only deposits with USD fiat support.
5. OKX
- Founded: 2017
- Coins Traded: 307
Key Features:
- High-security framework (10/10 trust score).
- Margin trading and reward campaigns.
👉 Discover OKX’s trading innovations
6. Coinbase
- Founded: 2012
- Coins Traded: 298
Key Features:
- Beginner-friendly with strong regulatory compliance.
- Staking and fiat-to-crypto transactions.
7. Bybit
- Founded: 2018
- Coins Traded: 518
Key Features:
- Web3 integration (TradFi + DeFi).
- Supports P2P, bank cards, and wire transfers.
8. Upbit
- Founded: 2017
- Coins Traded: 243
Key Features:
- Strong regional focus (South Korea).
- XRP/KRW as the most active pair.
9. Crypto.com
- Founded: 2019
- Coins Traded: 423
Key Features:
- Automated trading bots (TWAP, DCA).
- 100M+ users globally.
10. HTX
- Founded: 2013
- Coins Traded: 710
Key Features:
- Competitive fees for spot and futures.
- Multi-factor authentication and cold storage.
FAQs
What’s the difference between CEX and DEX?
Centralized exchanges (CEX) are managed by a company, while decentralized exchanges (DEX) use smart contracts for peer-to-peer trading.
Why do exchanges require KYC/AML?
To verify identities and prevent illegal activities like money laundering.
Do exchanges support INR trading pairs?
Yes, many platforms offer INR pairs for seamless crypto trading in India.