Top 10 Crypto Exchange Platforms to Look For Cryptocurrency Trading in 2025

The cumulative market capitalization of cryptocurrencies soared in early 2023 after a downfall in November 2022. Since then, a continued rise in the market capitalization of this digital asset has been observed worldwide. A Statista report reveals that the global cryptocurrency market is estimated to reach $85.7 billion in 2025. With such a promising future, traders are investing in this asset, creating a crypto exchange.  A business that allows customers to trade digital currencies for other assets or other digital currencies. These exchanges are done using crypto platforms where traders can trade cryptocurrencies.

This article provides a detailed insight into the top 10 cryptocurrency exchange platforms in the world. To keep pace with the growing demand for buying and selling of cryptocurrency, these exchanges have emerged in the last few years, paving the way for digital asset trading. Let us understand what cryptocurrency is, what a crypto exchange is, and the world’s best 10 exchange platforms that traders use for cryptocurrency exchanges.

What is Cryptocurrency?

Cryptocurrency is considered an exchange medium that is created and stored digitally on the blockchain. It uses cryptographic techniques and an algorithm to verify the funds transfer and to control the development of monetary units, respectively. This asset has no physical form and is stored in a decentralized network only. As it has no intrinsic value, it is non-redeemable.

Knowing Blockchain Technology

Blockchain is a decentralized ledger for all transactions across a peer-to-peer network. It plays a crucial role in crypto transactions. Through this technology, participants get approval for their transactions without a centralized clearing authority. Using this technology, transactional transparency and tracking accuracy are improved in crypto exchanges. Also, it works as a permanent ledger and reduces costs.

How Blockchain Works to Complete a Cryptocurrency Transaction?

When a transaction is requested, it is broadcast to a peer-to-peer network that comprises computers (nodes). The node network validates the transaction and the status of the user using a known algorithm. Cryptocurrency, records, or other information can be a verified transaction. 

After verification, the transaction is coupled with other transactions to create a new data block for the ledger. This new block is further added to the existing blockchain in a permanent and unalterable manner. Followed by which the transaction is completed. From supply chain to financial inclusion, blockchain is applied to a wide range of areas, which extends its application potential beyond digital assets like cryptocurrency and bitcoin.

What are Cryptocurrency Exchanges?

The global cryptocurrency market capitalization is $3.95 trillion today. With a compulsion for digital currencies and decentralized finance among financial traders, thousands of virtual currencies are surfacing every now and then. Hence, crypto investors need to have a proper platform that allows them to trade smoothly in various digital assets.

Similar to commodity exchanges and traditional stock exchanges, crypto currency exchanges also facilitate users to trade in varied cryptocurrencies. It helps investors to purchase and sell virtual currencies such as Ethereum, Bitcoin, or Tether. These exchange platforms work on a digital marketplace, including mobile applications, desktops, and others. Crypto exchanges provide a range of investing and trading tools to users.

Crypto exchange platforms charge fees from the participants for their transactions, as they offer multiple services to the customers. These fees differ depending on the transactional volume and type of trade executed through the platforms.

Prior to crypto exchanges, investors were able to receive crypto only through mining or by conducting transactions in various online and offline forums. However, there are several cryptocurrency exchanges that are now operating globally and delivering several digital currencies with varied levels of fees and security. Unlike the traditional stock market, crypto trading costs more.

Functions of a Cryptocurrency Exchange

As a new phenomenon in the financial trading business, cryptocurrency exchanges function in both centralized and decentralized manners. They work with the aim of providing a match for buyers and sellers. 

Certain exchanges allow the purchase of cryptocurrency using fiat, such as US Dollars or Euros. But others require traders to strictly trade virtual assets in pairs. One has to open a trading account with any crypto exchange and get it verified for funds transfer in the 

form of fiat currencies or digital currencies. These funds are later used to make purchases of other digital assets. Below are the steps to purchase one’s first cryptocurrency using a crypto exchange-

• Do thorough research about all available crypto exchanges and choose a trustworthy one.

• Open an account with the platform and register with it.

• Fund the account or the crypto wallet with fiat or digital currencies.

• Users can then select the cryptocurrency they want to buy and the quantity they want to buy.

• Following the necessary steps, traders can initiate and complete a transaction.

• Lastly, they can check their account to ensure the transaction was successful.

Top 10 Prominent Cryptocurrency Exchanges of 2025

Now, as the concept and functions of a cryptocurrency exchange are clear to us, let us check out the top 10 popular exchanges that are reshaping the cryptocurrency landscape worldwide. 

1. Binance

The largest crypto exchange in the world by trading volume, Binance, is the creation of Changpeng Zhao, a developer with experience in building trading systems for the Tokyo Stock Exchange. Looking at the current data, Binance can be seen having a trading volume of $21,974,853,985 (as of 30th July 2025) and an average liquidity of 902. It serves over 250 million users in more than 180 countries. It is the world’s leading crypto exchange with more than 350 listed altcoins.

2. Bybit

The world’s second-largest crypto exchange, Bybit, serves a global community of over 60 million users. This exchange is redefining the decentralized system by creating a simpler and equal exchange ecosystem for all. Other than serving as a digital currency trading platform, Bybit is also educating people about the fundamentals of crypto trading with 'Bybit Learn.' Through this portal, it teaches people about various trading aspects such as blockchain technology, artificial intelligence, Investing, and more. As of 30th July, 2025, it has a trading volume of $4,222,001,238 and an average liquidity of 704.

3. Coinbase Exchange

Coinbase Exchange has a trading volume of $2,643,566,645 and an average liquidity of 771 as of 30th July, 2025. This US-based crypto trading and investment platform allows users to buy, sell, exchange, and store cryptocurrencies. It is an intuitive and user-friendly exchange platform that supports basic transactions, digital wallets, and PayPal withdrawals.

4. Upbit

The largest crypto exchange in South Korea, based on trading volume. Upbit has a strong customer base and over 180 listed crypto tokens. It offers 300 trading pairs, which makes it a suitable choice for trading cryptocurrencies. Upbit’s exchange ecosystem consists of the NFT Marketplace, Upbit Exchange, and Staking Services. As of the aforementioned date, the trading volume of the exchange is $2,648,947,634, and the average liquidity is 566.   

5. OKX

As of 3o/7/2025, OKX has a trading volume of $3,024,798,638 and an average liquidity of 775. OKX is an exchange company operating globally with offices in Hong Kong, Silicon Valley, the UAE, and the Bahamas. It also offers Web3 services in the USA, but not an exchange service in this country. OKX offers innovative and advanced financial services. It relies on blockchain technology to address all the trading and investment needs.    

6. Bitget

Bitget exchange was formed by a group of early adopters who believe in a blockchain-powered future. Since its establishment in 2018, the exchange platform has been committed to helping traders trade smarter by offering a secure, one-stop crypto investment solution. It has 120 million registered users and more than 20 million daily trading volume. The trading volume and the average liquidity of this platform as of 30th July 2025 are $4,027,824,314 and 718, respectively.

7. MEXC

MEXC is widely known for its easy options for crypto trading. It believes in making crypto exchange simple and accessible. The ultra-fast trading engine and a wide array of tokens have empowered millions of its users to explore the world of digital assets. MEXC operates in over 170 countries and regions with more than 40 million users worldwide. It has a trading volume of $4,270,685,183 and an average liquidity of 644 as of 30th July 2025. 

8. Gate

One of the leading cryptocurrency exchanges, Gate, has over 3500 cryptocurrencies and stablecoins such as Ethereum, Bitcoin, and others. This centralized exchange was established in 2013 and has been serving over 33 million users. It is one of the top 3 crypto exchanges globally that commits to 100% reserve holdings. The trading volume and average liquidity of Gate are $4,620,371,750 and 653.

9. KuCoin

KuCoin covers over 200 countries, 40 million global investors, and more than 900 coins, and a trading volume of $6.82 billion (as on 30th July 2025). It was built with the mission of making crypto accessible for beginners. KuCoin upholds the vision of driving innovation in the crypto sector as a globally acknowledged technology company.

10. HTX

As of 30th July 2025, HTX has a trading volume of $2,984,307,409 and an average liquidity of 514. Since its foundation in 2013, HTX has evolved from a digital asset exchange into a comprehensive blockchain business ecosystem that includes digital asset trading, investments, research, financial derivatives, and more.

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