Which crypto exchanges are the largest in 2025?

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Data source: Coinmarketcap (2025), author’s calculations. Median daily trading volume is from July 10, 2024, to July 9, 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

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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.

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About the Author

Jack Caporal is the Research Director for The Motley Fool and The Motley Fool Money. His work focuses on uncovering and analyzing trends that shape personal financial decisions across the United States, to help people become smarter, happier, and richer. Jack's primary research has been featured across top-tier television networks, and accredited publications like the New York Times, Bloomberg, CNBC, and has been cited in Congressional testimony. He previously followed business and economic trends as a reporter and policy analyst in Washington, D.C. Jack enjoys spending time in the mountains and cheering for his hometown Boston sports teams.

TMFJackCap

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

Which Crypto Exchanges Are the Largest in 2025?

The largest crypto exchanges in 2025 ranked by daily trading volume, with insights into each platform’s features, history, and market position.

Key Points

8. HTX

9. Bitget

10. Upbit

Conclusion

About the Author

Premium Investing Services

Sources

The largest crypto exchanges by trading volume in 2025

1. Binance

2. Bybit

8. HTX

9. Bitget

10. Upbit

Conclusion

3. Crypto.com Exchange

4. Gate

5. MEXC

6. OKX

7. Coinbase Exchange