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 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. 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.
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.
About the Author
Jack Caporal has no position in any of the stocks mentioned. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.