Not long after Bitcoin was created, Bitcoinmarket, the first crypto exchange was launched on March 17, 2010.
Since then, thousands of new exchanges have disrupted the industry on crypto’s journey toward a $3 trillion market cap.
In fact, the top 250+ spot exchanges saw an estimated $1.48 trillion in trading volume over the last 24 hours.
This report highlights key 2025 exchange statistics, including user demographics, market size, revenue, and fees.
Top Cryptocurrency Exchange Stats
- The global cryptocurrency exchange platform market size is projected to reach $63.38 billion by the end of 2025.
- There are approximately 1,683 cryptocurrency exchanges.
- The top ten most popular crypto exchanges support an estimated 588 million total users.
- Binance is the largest cryptocurrency exchange with 220 million users.
Cryptocurrency Exchange Market Size
The global cryptocurrency exchange platform market was valued at $50.95 billion in 2024.
In 2025, the cryptocurrency exchange market is expected to grow to $63.38 billion. The increase represents a compound annual growth rate (CAGR) of 24.4%.
By 2029, the market size is projected to grow to $150.10 billion at a CAGR of 24.1%. The primary driver for the market’s growth is an increase in the popularity of digital assets.
If you look even further into the future, the market is expected to reach $352.02 billion by 2033.
Sources: The Business Research Company, GlobeNewswire
How Many Cryptocurrency Exchanges Are There?
According to the most recent data, there are 1,683 cryptocurrency exchanges today.
However, only a few hundred of these exchanges report enough volume to be considered serious players in the industry.
Based on CoinMarketCap data, the top 253 centralized spot exchanges support roughly $1.75 trillion in total 24-hour trading volume.
Sources: Blockspot, CoinMarketCap
How Many People Use Cryptocurrency Exchanges?
In 2025, there are more than 560 million cryptocurrency owners worldwide. That number has increased 34% year over year from 420 million.
Based on our estimates, the majority of crypto owners also use cryptocurrency exchanges.
In fact, the top crypto exchanges have approximately 588 million total users combined.
This is possible because many cryptocurrency owners have active accounts with multiple exchanges. And these numbers are only expected to keep growing.
Cryptocurrency ownership and exchange usage is growing faster than ever at a CAGR of 99%.
Today, an estimated 6.8% of the world’s total population owns cryptocurrency.
Sources: Triple-A
Cryptocurrency Exchange Users by App
Binance is the largest cryptocurrency exchange, with more than 250 million registered users as of early 2025, adding 50 million users in just seven months.
Coinbase ranks second with 120 million verified users, maintaining its position as a leading platform in the U.S. market.
Binance’s user base is more than double that of Coinbase and significantly larger than other exchanges like Crypto.com (90 million) and OKX (60 million).
| Rank | Exchange | Estimated Total Users (2025) |
|---|---|---|
| 1 | Binance | 230 million |
| 2 | Coinbase | 120 million |
| 3 | Crypto.com | 90 million |
| 4 | Bybit | 60 million |
| 5 | Bitget | 25 million |
| 6 | OKX | 21 million |
| 7 | HTX | 20 million |
| 8 | MEXC Global | 12 million |
| 9 | Bitrue | 7 million |
| 10 | Bullish | 3 million |
Sources: Binance, The Motley Fool, Crypto.com, CoinMarketCap
Top Cryptocurrency Exchanges Ranked by Volume
Binance is the number one ranked cryptocurrency exchange with a 24-hour trading volume of $26.40 billion.
The next highest ranked cryptocurrency exchange is Crypto.com with $5.19 billion in volume.
Binance has firm control over the industry. The exchange’s volume exceeds the combined volumes of Crypto.com, Coinbase ($4.69B), OKX ($4.24B) and MEXC Global ($4.02B).
Below is a complete breakdown of the top ranked exchanges by volume.
| Exchange | Type | Volume (24h) | Markets | Assets | Market Share |
|---|---|---|---|---|---|
| Binance | Centralized | $26.40B | 2,940 | 601 | 27.30% |
| Crypto.com | Centralized | $5.19B | 966 | 405 | 5.40% |
| Coinbase | Centralized | $4.69B | 635 | 343 | 4.90% |
| OKX | Centralized | $4.24B | 1,646 | 619 | 4.40% |
| MEXC Global | Centralized | $4.02B | 2,941 | 2,741 | 4.20% |
| Bullish | Centralized | $3.93B | 73 | 40 | 4.10% |
| HTX | Centralized | $3.75B | 1,806 | 1,084 | 3.90% |
| Bitrue | Centralized | $3.66B | 1,125 | 831 | 3.80% |
| Bybit | Centralized | $3.27B | 765 | 639 | 3.40% |
| Bitget | Centralized | $3.22B | 1,051 | 931 | 3.30% |
| DigiFinex | Centralized | $2.70B | 873 | 719 | 2.80% |
| Probit | Centralized | $2.57B | 593 | 458 | 2.70% |
| Upbit | Centralized | $2.56B | 727 | 401 | 2.60% |
| P2B | Centralized | $2.26B | 223 | 141 | 2.30% |
| Uniswap V3 | Decentralized | $2.24B | 13,092 | 1,183 | 2.30% |
| XT.com | Centralized | $2.04B | 1,401 | 1,256 | 2.10% |
| LBank | Centralized | $1.87B | 1,290 | 1,201 | 1.90% |
| WhiteBIT | Centralized | $1.73B | 576 | 332 | 1.80% |
| Ascendex | Centralized | $1.66B | 584 | 543 | 1.70% |
| Gate.io | Centralized | $1.58B | 3,450 | 2,216 | 1.60% |
Sources: Messari
Crypto Exchange User Demographics
The majority of crypto exchange users are men aged 24 to 35.
According to the latest data, 61% of cryptocurrency owners are male and 39% are female.
34% of all cryptocurrency owners are aged 24 to 35. 20% are men, 14% are women.
In fact, 65% of all crypto exchange users are between the ages of 25 to 44.
Below, you can find a detailed breakdown of cryptocurrency owners by gender and age group.
| Age Group | Men Ownership | Women Ownership |
|---|---|---|
| 18-24 | 8% | 8% |
| 25-34 | 20% | 14% |
| 35-44 | 20% | 11% |
| 45-54 | 8% | 5% |
| >54 | 5% | 3% |
Cryptocurrency exchange ownership rates and usage also differs by race and ethnicity.
Asian adults show the highest engagement with crypto exchanges, with 28% having used these platforms.
Black and Hispanic adults demonstrate similar adoption rates, with approximately 20% and 21% respectively having traded on cryptocurrency exchanges.
White adults report the lowest usage of crypto exchanges at 14%, trailing behind other racial groups in terms of platform adoption.
| Race | Crypto Exchange Users |
|---|---|
| Asian | 28% |
| Black | 20% |
| Hispanic | 21% |
| White | 14% |
Sources: Triple-A, Pew Research Center
Conclusion
A lot has changed in the world of cryptocurrency exchanges since Bitcoinmarket’s launch in 2010.
With a market size soaring to $3 trillion and over 550 million users, exchanges like Binance, Coinbase, and Crypto.com continue to shape global finance.
Demographic trends highlight a young, diverse user base, while revenue and security stats underscore the competitive stakes.
Looking ahead, the interplay of regulation, technology, and user demand will define the next chapter and determine how traders and investors will rely on these platforms moving forward.
