7 Most Popular Crypto Exchanges in 2025: The Scale Is Impressive

The global cryptocurrency market capitalization has reached an impressive $3.4 trillion. That’s more than the GDP of most countries. Amid such rapid expansion, just 7 major crypto exchanges account for around 80% of the total digital asset trading volume. These platforms set trends, dictate conditions, and serve millions of users worldwide.

Which exchange do institutional investors choose, and where do retail traders prefer to trade? Where are the fees lower, and where is asset storage more secure? Read our honest and detailed overview of the 7 most popular crypto exchanges of 2025.

Binance — $9,576M (24h trading volume)

Binance is the largest cryptocurrency exchange in the world by trading volume and number of users. Founded in 2017, it quickly gained leadership due to a wide range of tools, low fees, and the active development of its own ecosystem (including the BNB Chain blockchain, the BNB token, and the Launchpad project platform). Binance operates in over 100 countries, although in 2024–2025 it faced a number of regulatory restrictions in the US and Europe.

Advantages:

• Highest liquidity on the market

• Thousands of trading pairs

• Wide range of tools: spot, futures, NFT, DeFi

• Own card, wallet, and staking

• Low trading fees (from 0.1%)

Disadvantages:

• Regulatory pressure in several jurisdictions

• Restrictions and KYC requirements for new users

• Complicated interface for beginners

HTX — $2,840M (24h trading volume)

HTX (formerly Huobi) is one of the oldest crypto exchanges on the market, operating since 2013. After its rebranding in 2023, HTX focused on international expansion and derivatives. Despite losing part of its user base in China, the exchange maintained strong positions in Asia and South America. It is known for its stable platform, high order processing speed, and emphasis on derivative instruments.

Advantages:

• Long history and high resilience

• Strong presence in the Asian region

• Support for spot and futures trading

• Moderate fees

Disadvantages:

• Weak regulation and concerns about transparency

• Limited support for fiat currencies

• Some users report issues with customer support

CoinW — $2,372M (24h trading volume)

CoinW is a rapidly growing platform attracting users through aggressive marketing, bonus programs, and a large number of new tokens. Despite having a relatively low Trust Score, the exchange is actively expanding in developing countries and offers easy registration without complex KYC procedures.

Advantages:

• Easy registration and quick access to trading

• Wide selection of altcoins and new tokens

• Regular campaigns with bonuses and promotions

Disadvantages:

• Less transparency compared to top exchanges

• Lower trust level (Trust Score 8/10)

• Support and interface may be inferior to industry leaders

MEXC — $2,236M (24h trading volume)

MEXC is a popular centralized exchange known for its wide listing of early-stage tokens. The platform is actively used by both retail traders and projects seeking quick market entry. MEXC offers spot and futures trading, as well as favorable staking conditions and Launchpad campaigns. The exchange is internationally oriented and supports dozens of languages.

Advantages:

• Huge selection of coins, including new projects

• Ability to participate in early token sales

• Competitive fees

• Futures market with high leverage available

Disadvantages:

• Interface may feel cluttered

• Lower brand recognition outside Asia

• Support may respond with delays

Bitget — $1,904M (24h trading volume)

Bitget is an exchange that focuses on derivatives and social trading. The platform actively promotes copy trading — the ability to replicate the trades of successful traders. Thanks to this, Bitget attracts beginner users and has been growing rapidly since 2022. The exchange also collaborates with well-known ambassadors and sports clubs, strengthening its image.

Advantages:

• One of the leaders in futures trading

• Developed copy trading system

• High level of security and transparency

• Modern and user-friendly interface

Disadvantages:

• Limited fiat gateways

• Main focus on derivatives, which may not suit everyone

• Lack of support for some popular altcoins

Gate.io — $1,819M (24h trading volume)

Gate.io is one of the oldest crypto exchanges, founded back in 2013. It is best known for the sheer number of available tokens, including the rarest and newest projects. Gate.io is actively used by experienced traders who value early access to altcoins. The exchange also offers Launchpad, staking, lending, and an NFT marketplace.

Advantages:

• One of the widest token selections in the market

• Often the first to list new tokens

• Multifunctional platform (trading, investing, NFTs)

• Moderate fees and regular promotions

Disadvantages:

• Complex interface for beginners

• Some users report slow support

• Requires full verification for access to all features

Bybit — $1,708M (24h trading volume)

Bybit is a platform that quickly rose to the top of the largest exchanges thanks to its focus on derivatives and user-friendly interface. In recent years, Bybit has significantly expanded its ecosystem, adding spot trading, Launchpad, staking, and its own Web3 wallet. The exchange is actively expanding in Europe and Asia, while strictly complying with AML/KYC requirements.

Advantages:

• One of the best interfaces on the market

• Convenient mobile version and Web3 wallet

• Fast registration and high order processing speed

• Numerous contests and bonuses for traders

Disadvantages:

• Some features are unavailable without verification

• Limited support for fiat currencies

• Higher spot trading fees compared to competitors

Conclusion

Each exchange has its own features, advantages, and limitations, so the choice depends on your goals: active trading, early token access, interface convenience, or copy trading.

All trading volume and ranking data are current as of June 10, 2025.