Binance Leads the Ranking of Cryptocurrency Exchanges 2025: Who is in the Top 10?.

According to inkorr.com: CoinDesk analysts have published a new ranking of centralized cryptocurrency exchanges for November. This study is conducted twice a year. once again took first place and is the only exchange that scored more than 90 points in spot and derivatives trading.

Top 10 Cryptocurrency Exchanges 2025

CoinDesk evaluated 81 cryptocurrency exchanges based on over a hundred criteria in eight main categories, including market quality, security, regulation, KYC, transparency, and data processing. As a result, the following exchanges were counted among the best in this ranking:

1. Binance,
2. Bitstamp by Robinhood,
3. Coinbase,
4. Kraken,
5. Crypto.com,
6. OKX,
7. Bullish,
8. Gemini,
9. Gate,
10. Bybit.

received 93.4 points for spot trading and 93.65 for derivatives. According to CoinDesk’s ratings, nearly 26% of the global spot volume is processed by this exchange alone – exactly as much as the seven largest competitors combined. In the derivatives segment, their influence is even greater.

How the Ranking Requirements Have Changed

CoinDesk has raised the minimum score for entry into the top-tier category from 65 to 70. Despite this, the number of exchanges in this category has increased from 19 to 20. The number of platforms rated AA has doubled – from four to eight.

According to Binance, over 1280 employees, or almost 22% of the team, are involved in user protection and compliance.

What Has Changed in the Crypto Industry

CoinDesk highlights that leading exchanges have become significantly more resilient compared to five years ago when the market was flooded with unregulated platforms. The average ratings have improved in the areas of security, transparency, and compliance. Most top exchanges operate according to the standards of MiCA, ADGM, and similar regulations. ranks third globally in the number of licensed platforms.

Thus, the current ranking of cryptocurrency exchanges by CoinDesk shows significant progress in the industry's development. With stricter requirements for security and compliance, the platforms are becoming more reliable for users. This indicates the market's efforts to be clearer and more recognizable for investors and traders.