Binance Dominates Crypto Exchange Volume, Coinbase Shines on Trust

The top 10 centralized crypto exchanges handled $18.7 trillion in spot trading volume in 2025, with Binance dominating the field at a 39.2% share.

Binance maintained its lead into 2026, holding a 37.0% market share in Q1 despite a decline of -23% from Q4 2025.

Coinbase ranked #8 by volume share but topped the CoinGecko Trust Score at 10/10, indicating high trust among users.