Binance Exchange Ranks No.1in world in Crypto and Spot
In CoinDesk’s latest November 2025 ranking of centralized cryptocurrency exchanges, Binance once again proved its strength by securing the top position in both spot and derivatives trading. The ranking, which CoinDesk publishes twice a year, evaluates global exchanges based on trust, stability, and overall market performance.
What Makes Binance the Leader
Strong Performance Across All Categories
Binance achieved something no other exchange could — it scored over 90 points in both categories, with 93.4 for spot trading and 93.65 for derivatives. These scores highlight Binance’s consistent liquidity, reliability, and user confidence in its trading systems.
Competitors Following Closely
The second spot went to Bitstamp, which is now owned by Robinhood, while Coinbase secured third place. Both platforms improved their standings compared to previous evaluations but still couldn’t match Binance’s market scale.
How CoinDesk Evaluates Exchanges
The 8 Key Metrics Used
CoinDesk’s analysts examined 81 exchanges using more than 100 different metrics. Each exchange was rated under eight categories:
- Market Quality (25%) – How smooth and stable trading activity is.
- Security (20%) – How safe user funds and data are.
- Regulatory Compliance (15%) – How well an exchange follows laws and financial regulations.
- KYC & Transaction Risks (15%) – How effectively it prevents fraud and illegal activities.
- Transparency (10%) – Whether users can easily access operational information.
- Data Provision (10%) – The accuracy and openness of market data.
- Team (5%) – The leadership quality and experience of key members.
- Negative Events (-3%) – Penalties for past scandals, hacks, or mismanagement.
Binance’s Market Dominance
Global Spot Trading Share
CoinDesk’s data shows Binance controls 26% of the global spot trading volume, roughly equal to the combined market share of its seven largest competitors. This shows just how far ahead Binance stands in terms of trading activity and user trust.
Rising Standards and Stricter Criteria
This year, CoinDesk raised the minimum score required for an exchange to enter the “Top-Tier” category — from 65 to 70 points. Despite tougher rules, 20 exchanges managed to make the cut, up from 19 last time. Interestingly, the number of AA-rated exchanges doubled from 4 to 8, showing overall growth in industry maturity.
CEO’s Reaction and Binance’s Priorities
Commitment to Safety and Regulation
Reacting to the report, Binance CEO Richard Teng said:
“CoinDesk’s rating reflects our team’s hard work and dedication. But it also reminds us of our responsibility to improve. Our focus stays the same — keeping markets stable, protecting users, and working with regulators to raise industry standards.”
According to Binance’s internal data, 1,280 employees — about 22% of its total workforce — are focused entirely on user safety and regulatory engagement.
Industry Maturing with Regulation
A Shift from Chaos to Stability
CoinDesk noted that five years ago, crypto trading was scattered across many unregulated platforms. Now, major exchanges have become more stable, transparent, and compliant. Average scores for security and data reliability have also improved significantly.
Compliance on the Rise
More than half of the top-tier exchanges now operate under recognized international regulations such as MiCA (EU), ADGM (UAE), and similar frameworks.
UAE Emerging as a Crypto Hub
The United Arab Emirates now ranks third globally for the number of licensed crypto exchanges, strengthening its reputation as a growing center for blockchain and digital asset businesses.
Binance’s Recovery After October Dip
CryptoQuant’s latest research revealed that Binance’s reserves have recovered after a slight decline in October 2025, signaling renewed investor confidence and stable liquidity.
With tighter regulations, stronger compliance, and transparent operations, the crypto industry — led by Binance — seems to be entering a more responsible and mature phase.
FAQ
1: Why did Binance get the top spot in CoinDesk’s ranking?
Binance ranked first because it scored the highest in almost every major category — like market quality, security, and compliance. It also has the biggest share in global spot and derivatives trading, showing strong user trust and stability.
2: What makes CoinDesk’s exchange ranking important?
CoinDesk’s ranking matters because it’s based on deep research across 81 exchanges worldwide. The rating helps traders and investors identify which platforms are safer, more transparent, and follow proper financial rules.
3: How is the crypto exchange industry changing now?
The crypto industry is becoming more mature and well-regulated. Major exchanges like Binance, Bitstamp, and Coinbase now focus more on security, legal compliance, and transparency — unlike five years ago when many unregulated platforms dominated the space.
News Reference:
Original report: ForkLog – Binance Tops CoinDesk’s Cryptocurrency Exchange Rankings