Crypto investing is more accessible than ever. The largest crypto exchange, Binance, clears more than $10 billion in trades every day, while other crypto exchanges like MEXC and Gate list more than 2,000 coins for investors to pick from.
For those looking to get started investing in cryptocurrency, The Motley Fool has put together a list of the largest crypto exchanges as of July 2025. Motley Fool Money, the personal finance and financial product review arm of The Motley Fool, also has reviews of the best crypto exchanges for investors who are ready to take the next step.
The largest crypto exchanges
The largest crypto exchanges by trading volume in 2025
| Rank | Exchange | Median Daily Volume | Coins Offered |
|---|---|---|---|
| 1 | Binance | $16,290,555,197 | 517 |
| 2 | Bybit | $4,200,417,454 | 733 |
| 3 | Crypto.com Exchange | $3,575,129,482 | 419 |
| 4 | Gate | $2,892,808,725 | 2,072 |
| 5 | MEXC | $2,751,107,024 | 1,990 |
| 6 | OKX | $2,566,203,610 | 343 |
| 7 | Coinbase Exchange | $2,481,801,737 | 298 |
| 8 | HTX | $2,408,943,578 | 715 |
| 9 | Bitget | $2,317,643,948 | 751 |
| 10 | Upbit | $2,257,442,465 | 256 |
1-5
1. Binance
Median daily volume: $16.29 billion | Coins offered: 517
Binance is by far the largest cryptocurrency exchange by median daily trading volume, moving more than $16 billion daily.
Founded in 2017 by Changpeng “CZ” Zhao, Binance aggressively expanded and built a deep asset pool. Binance has managed to shrug off CZ’s legal troubles, and its new CEO, Richard Teng, has focused on global regulatory compliance.
2. Bybit
Median daily volume: $4.20 billion | Coins offered: 733
Bybit’s median daily volume is just over $4 billion, making it the second-largest crypto exchange by that measure. It offers investors a decent number of coins and a range of derivative products.
In early 2025, Bybit suffered the largest crypto hack on record when North Korean hackers took off with $1.5 billion in Ethereum.
3. Crypto.com Exchange
Median daily volume: $3.58 billion | Coins offered: 419
Crypto.com, the third-largest crypto exchange by median daily volume, blends exchange trading with a crypto ecosystem and debit cards.
An early mover, the Singapore-based company was founded in 2016 and has focused on large sponsorships in major sports alongside a proactive regulatory record.
4. Gate
Median daily volume: $2.89 billion | Coins offered: 2,072
Founded in 2013 in China as Bter.com, Gate is the fourth-largest crypto exchange by median daily volume, which stood at $2.89 billion in the 12 months preceding July 2025.
Gate offers investors more than 2,000 coins, making it ideal for those interested in altcoins and access to low-cap and early-stage projects.
5. MEXC
Median daily volume: $2.75 billion | Coins offered: 1,990
The fifth-largest crypto exchange by median daily volume is MEXC, which deals with $2.75 billion worth of trades per day across the 1,990 coins it offers.
Founded in 2018, MEXC is known for its transaction speed and quick listings of coins, making it favored by investors seeking exposure to tokens before they hit larger exchanges.
6-10
6. OKX
Median daily volume: $2.57 billion | Coins offered: 343
Originally launched in China in 2013 as OKCoin, the rebranded OKX handles $2.57 billion worth of crypto volume a day. The crypto exchange entered the U.S. market in April 2025. In July, it inked a deal with Circle to allow OKX users zero-fee conversions from USDC to U.S. dollars.
7. Coinbase Exchange
Median daily volume: $2.48 billion | Coins offered: 298
Coinbase (NASDAQ:COIN) is the seventh-largest crypto exchange by median daily volume with $2.48 billion in transactions moving across its platform daily.
Coinbase is among the best-known crypto exchanges in the United States and the only exchange in the top 10 to be publicly traded on a U.S. stock exchange.
8. HTX
Median daily volume: $2.41 billion | Coins offered: 715
Once one of China’s largest crypto exchanges, HTX, formerly known as Huobi, is the eighth-largest crypto exchange in the world by median daily volume, of which it handles $2.41 billion a day.
Since China’s ban on crypto trading in 2017, HTX has expanded into other markets in Asia. It became listed on the Hong Kong Stock Exchange in 2018 via a reverse IPO.
9. Bitget
Median daily volume: $2.32 billion | Coins offered: 751
Bitget is the ninth-largest crypto exchange by median daily volume. Based in Seychelles, it has a strong customer base in Southeast Asia. Bitget is not licensed to operate in the United States.
10. Upbit
Median daily volume: $2.26 billion | Coins offered: 256
Upbit is South Korea’s dominant crypto exchange and the tenth largest in the world measured by median daily volume.
Upbit was founded in 2017 and quickly became one of the highest-volume crypto exchanges in the world. It punches above its weight in volume despite offering fewer than 300 coins, due in large part to its strong position in Korea.
Conclusion
Crypto trading is highly concentrated among a handful of platforms, but not all exchanges serve the same type of investor. For example, Binance dominates in volume, MEXC and Gate lead in coins available to investors, while Coinbase remains the go-to for U.S. users seeking simplicity.
Even though the largest crypto exchanges handle billions of dollars a day, the crypto market is still relatively new and volatile and can present unique risks such as hacks that investors should be vigilant about.
Sources
- Coingecko (2025). “Top Crypto Exchanges Ranked by Trust Score.”
- CoinMarketCap (2025). “Top Cryptocurrency Spot Exchanges.”
