Cryptocurrency has seen large-scale adoption in the past few years, with a global user base of 1.2 billion. This influx can be attributed to various factors such as growing institutional adoption and integration of crypto into mainstream traditional financial systems. Although there is a growth in the number of users, there is also a need for awareness about how to navigate the space.
Exchanges are a core part of the crypto ecosystem, and for a new user, it can be intimidating to pick an exchange to start trading. Here are some of our top picks for the best exchanges in the space.
1. Binance
Binance is the world’s largest crypto exchange by trading volume and has over 250 million registered users, making it a popular choice for traders. From its initial launch in 2017, the platform has been a trusted partner for users in the crypto space.
The exchange offers a wide range of features for its users, including margin trading, staking, spot, and futures trading. Binance also has a secure crypto wallet, a peer-to-peer trading platform, and Binance Earn. The platform supports over 500 cryptocurrencies and tokens across various categories and regularly adds new coins and tokens for better trading options.
2. Coinbase
Coinbase is another popular exchange that has been operational since 2012. The platform allows users to buy, sell, store, and exchange cryptocurrencies in a beginner-friendly setup. They also offer dedicated support for digital wallet, basic transactions, and PayPal transactions.
The exchange supports more than 250 cryptocurrencies and offers services such as spot, margin trading, and staking. Coinbase has an Advanced Trade section for pro traders who can utilise features such as real-time order books, advanced charting via TradingView, customizable layout, and much more.
3. Bybit
Bybit is another exchange that has been in the cryptosphere since 2018. The platform has a comprehensive list of offerings for its users and supports 760+ cryptocurrencies and tokens. It gives users a chance to participate in spot trading, futures contracts, options, perpetual swaps, and leverage options up to 100X.
With over 40 million users around the world, Bybit has a strong focus on security and ensures a diverse marketplace for everyone. The platform intends to bridge the gap between traditional finance and DeFi, thereby helping developers, users, and creators alike tap into the full potential of Web3.
4. OKX
OKX was launched in 2017 and is ranked among the top crypto exchanges with over 20 million users across 180 countries. They have a high-speed order matching engine and support spot, margin, futures, and options trading.
Users also get a chance to participate in yield-generating products like staking, lending, and DeFi services. OKX also has a Launchpad that lets users take part in token sales, initial exchange offerings, and much more.
5. Gate.io
Gate.io is an exchange established in 2013 and has a user base of 22 million users. The platform offers a plethora of services such as futures trading, copy trading, spot trading, margin trading, and staking.
With an emphasis on security and features like cold wallet storage, 2FA, API access for advanced traders, and a launchpad for new token projects, Gate.io has something for beginners and advanced traders alike.
6. Bitget
Bitget is an exchange known for its strong focus on derivatives trading, specifically futures and copy trading. It supports numerous crypto assets and offers advanced tools for both spot and leveraged trading.
The platform has a commitment for helping users trade smarter by providing a secure, one-stop crypto investment solution with over 100 million users worldwide. It has a daily trading volume of 20+ billion USDT.
7. MEXC
With a 30+ million user base in 170 countries, MEXC has carved out a space for itself in the crypto space. The platform offers a wide variety of assets with over 2800 cryptocurrencies and 3100 trading pairs.
The user-friendly interface and competitive trading fees, including 0% maker fees, make it a viable option for traders. Some of the tools offered include futures, margin trading, and copy trading. MEXC also supports fiat deposits in over 20 currencies.
8. Crypto.com
Crypto.com is an exchange that envisions accelerating the world’s transition to cryptocurrency and has over 140 million users in 90 countries. The platform was founded in 2016, and apart from being a crypto exchange, it also has a mobile app, NFT marketplace, DeFi wallet, and direct payment solutions.
Additionally, users can conduct spot trading, margin trading, and derivatives trading on the platform with support for 200 cryptocurrencies. Crypto.com’s dedication to DeFi can be seen by its effort to offer users a DeFi wallet and an ecosystem on Crypto.org powered by its native token Cronos.
9. Kraken
Kraken was founded in 2011 and has been renowned for its commitment to security and compliance, diverse trading options, and user-friendly interface. The platform offers 290 cryptocurrencies and 780 trading pairs, appealing to both retail and institutional traders.
The exchange was one of the first to offer spot trading, derivatives, and index products. It also has margin trading, futures, indices, staking, and gives users access to 418 assets across 190 countries.
10. LBank
LBank is a centralized exchange that supports 50+ fiat currencies and 800 cryptocurrencies with 869 trading pairs. The exchange has more than 15 million users and offers trading options such as spot trading, leveraged tokens, and futures contracts with up to 125X leverage.
The exchange prioritizes security and adopts measures such as cold storage for most of the user funds and 2FA, KYC, and AML regulations. They also have a mobile app that gives users a chance to trade anytime, anywhere.
11. Bitmart
Bitmart was founded in 2017 and supports 8 million users worldwide. They support 2000 digital assets, including major cryptocurrencies and a wide array of altcoins. Apart from spot trading, margin trading, and futures, they also offer a peer-to-peer marketplace.
Users on the platform get a chance to take part in staking, lending, and also join the Bitmart Launchpad, which has 65+ new upcoming blockchain projects.
While there are a lot of exchanges in the market, it is important to make an informed decision and pick the right one according to your own requirements.
Disclaimer. Readers are encouraged to do their own research. Ambcrypto is not liable for any outcomes related to the use of information, products, or services mentioned. This content may include affiliate or partner links.
Source: https://ambcrypto.com/top-11-exchanges-to-trade-on-in-may-2025/