Forbes Ranks Best Crypto Exchanges for 2025: CME Group, Coinbase Lead the List

According to Forbes research of retail crypto traders, asset safety remained the most critical feature that exchange users want.

Crypto Users Have Crossed the 500 Million Mark Globally

Forbes has released its third annual “Best Crypto Exchange” ranking, evaluating over 200 firms based on security, trading volume, fees, and regulatory compliance.

Topping the list is CME Group, a Chicago-based futures exchange that offers institutional-grade bitcoin and ether futures. Despite its limited accessibility for retail investors, CMEs high regulatory standards and $1.4 trillion in 2024 crypto trading volume secured its top spot.

For retail-focused exchanges, Coinbase ranked second. As the largest bitcoin custodian globally, it holds 2.4 million BTC worth $245 billion. Coinbases secure reputation allows it to charge premium fees, though its recent Bermuda registration signals expansion into offshore derivatives trading.

Bitstamp, a Luxembourg-based exchange with strong European operations, took third place, followed by Binance, the worlds largest exchange by trading volume. Binance re-entered the rankings after addressing compliance issues, though ownership transparency remains a concern. Robinhood, which benefited from a surge in meme coin trading and has agreed, in principle, to acquire Bitstamp, secured fifth place.

In total, 25 crypto exchanges were ranked with these exchanges holding an estimated $1.2 trillion in client assets. While trading fees remain a priority for investors, Forbes research highlights that liquidity and spread costs also play a significant role in overall trading expenses.

By the end of 2024, there were at least half a billion crypto users worldwide, according to Forbes. With 160 million, traders are most concentrated in the Asia-Pacific area. After that, Europe had 134 million. 56 million more were added by the U.S. and Canada. Africa had the fewest traders (18 million) compared to 40 million in Latin America and the Caribbean.

As regulatory scrutiny intensifies, the rankings reflect a shift toward security and compliance, with the most reputable firms gaining dominance in the fragmented crypto exchange landscape.