Binance vs. Coinbase Statistics 2025: Hard Numbers, Market Share & User Trends

In the early days of crypto, choosing an exchange felt like picking between two obscure tech forums. Fast forward to 2025, and the choice between Binance and Coinbase is more than a matter of preference; it’s a strategic decision with real financial implications. Whether you’re a U.S.-based investor, a global trader, or an institution managing millions in digital assets, understanding the landscape between these two powerhouses matters more than ever. This guide breaks down the hard numbers that define each platform’s reach, performance, and user experience, making your decision smarter, not harder.

Top Crypto Exchanges by Market Share

• Binance dominates the market with a staggering 49.7% share, holding nearly half of the global crypto exchange volume.
• Upbit comes in second, accounting for 9.4%, indicating strong activity in the South Korean market.
• Bybit follows closely with 8.2%, showing continued growth among derivatives-focused platforms.
• OKX captures 7.5%, reflecting its robust presence in Asia.
• Coinbase holds 6.8%, maintaining its lead as the top US-based crypto exchange.
• KuCoin secures 4.2%, popular among altcoin traders and global users.
• Bitget commands 4.1%, reflecting its rise in copy trading and futures products.
• Gate.io manages 3.8%, continuing its role in early access to new tokens.
• HTX (formerly Huobi) retains 3.6%, despite regulatory challenges in various regions.
• MEXC rounds out the list with 2.6%, showing niche traction among smaller altcoin markets.

Coinbase vs Binance – Comparison at a Glance

• Founded: Coinbase in 2012, Binance in 2017.
• Headquarters: Coinbase is based in San Francisco, USA; Binance is registered in the Cayman Islands with global hubs.
• User count (2025): Binance: 190M, Coinbase: 120M.
• Spot trading volume (daily average 2025): Binance: $93B, Coinbase: $5.5B.
• Token count: Binance: 430+, Coinbase: 270+.
• Mobile App Ratings (2025): Coinbase: 4.7★ on iOS, Binance: 4.4★ on iOS.
• Staking APY average: Binance: 6.1%, Coinbase: 4.3%.
• Available countries: Binance: 100+, Coinbase: 70+.
• KYC compliance: Both platforms enforce tiered KYC per regional regulations.

User Base and Geographic Reach Comparison

• As of 2025, Binance has an estimated 190 million users globally, expanding rapidly in Asia, South America, and Africa.
• Coinbase serves approximately 120 million users, with a stronghold in the U.S., Canada, and Western Europe.
• Binance operates in over 100 countries, though restricted in some European jurisdictions due to regulatory shifts.
• Coinbase is available in more than 70 countries, with ongoing expansion efforts into Latin America and APAC.
• Binance’s user growth rate in 2025 is projected at 17%, fueled by gamified features and perpetual futures.
• Coinbase’s user growth this year sits around 20%, driven by institutional onboarding and U.S. retail demand.
• In 2025, Coinbase maintains 65% of the U.S. exchange market share, while Binance.US captures just over 2%.
• Binance’s African user base has surged by 42% YoY, bolstered by mobile-first strategies and P2P markets.
• Coinbase Wallet installs have surpassed 15 million globally, with 35% of new users coming from outside the U.S.

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Who Uses Binance US? A Look at User Demographics

• Men make up the majority of Binance US users, accounting for 69.57% of the user base.
• Women represent 30.43%, showing a growing but still smaller share of users.
• The 25–34 age group dominates with approximately 32%, making them the most active users on the platform.
• Users aged 35–44 follow with 22%, indicating strong engagement among mid-career professionals.
• The 45–54 age bracket comprises 17% of users, reflecting growing adoption among older adults.
• Younger adults aged 18–24 make up 13%, highlighting the platform’s popularity among Gen Z.
• 55–64-year-olds account for around 9%, while the 65+ segment contributes 6% to the user base.

Trading Volume and Market Share

• Binance remains the world’s largest exchange by daily spot volume: $93 billion in Q1 2025.
• Coinbase’s average daily spot volume is now $5.5 billion.
• Derivatives trading makes up 67% of Binance’s total volume, totaling more than $2.6 trillion in Q1 2025.
• Coinbase still doesn’t offer derivatives to U.S. users but launched them in Europe in March 2025, reaching $12.7 billion in Q1 volume.
• Binance’s market share in global crypto exchanges: 54.3% in 2025, down 2.1% YoY due to increased competition.
• Coinbase Pro accounts for 18% of Coinbase’s total trade volume, with average trade sizes now exceeding $2,100.
• Binance.US contributes only 3.2% to the parent exchange’s total global volume in 2025.
• Binance’s peak 24-hour volume this year hit $125 billion, following the ETH ETF approval in April.
• Coinbase’s peak 24-hour volume in 2025 was $8.3 billion, also tied to the same ETF market reaction.
• Binance Futures’ daily volume crossed $65 billion in May 2025, making it the most active derivatives platform globally.

Supported Cryptocurrencies and Token Listings

• As of 2025, Binance supports over 430 tokens, including many niche and emerging assets.
• Coinbase currently lists 270+ cryptocurrencies, focusing on regulatory-compliant and well-vetted projects.
• In Q1 2025, Binance added 36 new tokens, including AI-focused and zero-knowledge projects.
• Coinbase introduced 18 new tokens this year, primarily aligned with SEC greenlighted assets.
• Binance users can trade across more than 1,500 trading pairs, offering broad exposure and flexibility.
• Coinbase offers just over 500 trading pairs, emphasizing liquidity and compliance.
• Binance Launchpad supported 8 token sales in the first half of 2025, with an average ROI of 4.8x.
• Coinbase launched its Asset Hub beta 2.0 for token applications, with a 30-day approval average.
• Binance Smart Chain (BSC) hosts 17,000+ dApps and tokens, increasing ecosystem relevance.
• Coinbase remains more conservative, delisting 12 tokens in 2025 following updated compliance reviews.

Top Market Pairs Traded on Coinbase

• XRP/USD leads the volume chart with a dominant 25.16%, showing strong investor interest in Ripple.
• BTC/USD ranks second with 19.74%, reflecting Bitcoin’s continued popularity among Coinbase traders.
• ETH/USD holds 6.88%, maintaining Ethereum’s position as a core asset on the exchange.
• HBAR/USD contributes 6.18%, a notable presence for Hedera in trading activity.
• USDT/USD accounts for 5.46%, highlighting Tether’s role in stablecoin conversions.
• SOL/USD sees a 4.64% share, showing moderate interest in Solana trading pairs.
• DOGE/USD captures 2.97%, indicating ongoing community-driven trading of Dogecoin.
• Others make up the remaining volume, though not individually detailed in this chart.

Coinbase Fees vs Binance Fees

• In 2025, Binance’s maker fees for spot trading start at 0.10%, dropping to 0.02% with high-volume and BNB usage.
• Coinbase standard retail fee sits at 0.60% per transaction, with Advanced Trade offering rates as low as 0.15%.
• For U.S. users, Coinbase charges a 3.99% fee on credit card purchases, versus 1.8% on Binance.US.
• Coinbase’s spread averages around 0.50%, which isn’t transparently displayed in basic UI trades.
• Binance Futures fees can go as low as 0.01% for makers, favored by institutional traders.
• Coinbase Advanced now provides real-time fee calculators for improved transparency in 2025.
• In 2025, Binance P2P trading remains fee-free in most regions, supporting over 100 fiat currencies.
• Coinbase introduced fee rebates on USDC staking for institutional clients holding more than $10M.
• Binance VIP 9 tier requires $4 billion monthly trade volume to access the lowest fees.
• Coinbase One subscription now includes zero trading fees up to $100K/month, priced at $29.99/month.

Fee Structures and Revenue Insights

• In Q1 2025, Coinbase earned $935 million in fee-based revenue, representing 68% of total income.
• Binance’s revenue from trading fees is estimated at $2.1 billion for the same period.
• Coinbase earns an average of $17.3 per user per month in fees, while Binance earns $9.8 due to broader subsidized tiers.
• Binance’s VIP clients contributed 38% of its fee revenue in 2025.
• Coinbase’s net revenue in Q1 2025 rose 13% YoY, driven by its Advanced Trade and staking programs.
• Binance continues to earn 25% of revenue from derivatives, a figure expected to hit 30% by year-end.
• Coinbase’s institutional trading desk now accounts for 27% of overall fee income.
• Binance Launchpad and Earn features added $215 million in net fees this year.
• Coinbase Commerce recorded $2.8 billion in crypto payments processed in H1 2025, generating $41 million in merchant fees.
• Binance’s ecosystem products (Earn, P2P, NFT marketplace) combined represent 11% of platform revenue.

Global Stock Market Capitalization

• The US leads by a huge margin with a stock market capitalization of $60,885 billion USD.
• China holds the second spot at $9,741 billion USD, far behind the US.
• Japan follows with $6,192 billion USD, and Hong Kong at $5,354 billion USD.
• India registers $4,707 billion USD, showing its growing market presence.
• Mid-tier markets include Canada ($3,144B), the UK ($3,084B), and Germany ($2,467B).
• Taiwan and South Korea have sizable markets at $2,244B and $1,622B, respectively.
• Australia closely trails Korea with $1,621B, while Brazil and Singapore report $643B and $447B, respectively.
• Stablecoins account for only $213 billion, and Meme coins trail even further at just $119 billion, underscoring their limited impact compared to global equity markets.

Security Incidents and Regulatory Compliance

• Binance reported no major hacks in 2025, with active bounty programs and real-time threat detection systems.
• Coinbase also reported zero security breaches this year, maintaining its ISO 27001 and SOC 2 certifications.
• Binance invested $142 million into compliance infrastructure in the first half of 2025.
• Coinbase added 6 new jurisdictions to its licensing portfolio in 2025, including Hong Kong and the UAE.
• In March 2025, Coinbase received its MiCA license from EU regulators, allowing seamless operation across 27 European nations.
• Binance’s regulatory settlements in 2024 led to a reshuffling of leadership, and a new Regulatory Risk Unit was formed in early 2025.
• Coinbase remains the most compliant U.S. exchange, working closely with the SEC, CFTC, and NYDFS.
• Binance’s Proof of Reserves (PoR) audit in 2025 revealed $86 billion in verified assets, backed 1:1 for all user deposits.
• Coinbase continues monthly PoR attestations via Grant Thornton, showing $114 billion in user assets held.
• Binance employs over 650 compliance professionals, while Coinbase has scaled its compliance division by 38% YoY.

User Satisfaction and App Ratings

• As of Q2 2025, Coinbase holds an average 4.7★ rating on iOS and 4.5★ on Android.
• Binance scores 4.4★ on iOS and 4.2★ on Android, with noted praise for feature variety.
• Coinbase leads in customer support response time, averaging 4.8 hours, compared to Binance’s 9.6 hours.
• Coinbase’s NPS (Net Promoter Score) in 2025 is 46, while Binance’s NPS stands at 39.
• Binance was rated #1 in Asia for platform UI improvements in 2025 by TechAsia.
• Coinbase’s Web 3 Wallet has a 92% satisfaction rate among DeFi users, according to recent app surveys.
• Binance has localized app experiences in 25 languages, improving onboarding for non-English-speaking markets.
• In 2025, Coinbase’s average user retention rate is 62%, while Binance’s is 59%.
• Coinbase now offers in-app tax previews and batch trade exports, highly requested user features in 2024.
• Binance launched AI-powered chat support, reducing bot resolution times by 32% year-over-year.

Top Cryptocurrency Exchanges by Trading Volume

• Binance dominates the global market with a massive $8.98 billion in trading volume, far ahead of all competitors.
• Bybit takes second place with $2.36 billion, marking a strong presence among derivative-focused platforms.
• OKX, Upbit, and IndoEx are nearly tied, each reporting around $2.2 billion in volume.
• SuperEx follows closely at $2.19 billion, showing rapid growth in the exchange space.
• Coinbase Exchange, the leading US-based platform, reported $1.88 billion in volume.
• Bitrue and BitForex saw significant activity with $1.86 billion and $1.56 billion, respectively.
• MEXC and WhiteBIT maintained strong volumes at $1.55 billion and $1.5 billion.
• Other notable platforms include CoinW ($1.4B), Bitget ($1.37B), and Bithumb ($1.33B).
• HTX (formerly Huobi) recorded $1.28 billion, maintaining a top-20 position despite regulatory challenges.
• Smaller but competitive exchanges include Bullish ($1.07B), Kraken ($1.04B), OrangeX ($1.04B), Gate.io ($1.04B), and BitMart ($1.02B).

Staking, Earn Programs, and Passive Income Stats

• As of 2025, Binance Staking supports 137 assets, while Coinbase Staking supports 12.
• Binance’s average staking APY is 6.1%, compared to Coinbase’s 4.3%.
• Coinbase paid out over $480 million in staking rewards to users in the first half of 2025.
• Binance Earn has a total user asset lock-in value of $38 billion as of May 2025.
• Coinbase launched “Scheduled Rewards” in 2025, letting users auto-stake weekly with a reported 25% uptake.
• Binance Auto-Invest added 1.6 million new subscriptions in Q1 2025, with $9.2B total funds under plan.
• Coinbase now offers USDC yield accounts with 5.5% APY for verified users.
• Binance Simple Earn has delivered $1.2 billion in rewards to users year-to-date.
• Coinbase’s ETH staking pool is now the second-largest globally, controlling 13% of staked ETH.
• Binance introduced dual investment products with variable returns up to 22.5%, based on volatility triggers.

Institutional Adoption and Trading Metrics

• Coinbase Prime serves 17,000 institutional clients in 2025, including hedge funds and asset managers.
• Binance Institutional manages over $92 billion in institutional assets, up 12% YoY.
• Coinbase Custody now secures $114 billion in assets.
• Binance added Tokenized Treasury Bill products for institutions, seeing $4.1 billion in uptake in Q2.
• Coinbase Derivatives in the EU traded $12.7 billion in volume in Q1 2025.
• Binance remains the largest institutional crypto lender, issuing over $16 billion in collateralized loans.
• Coinbase’s OTC desk recorded an average trade size of $210K, while Binance averaged $173K.
• Binance’s VIP 12 tier was introduced in 2025, requiring $10B monthly trade volume.
• Coinbase Exchange API saw 31% growth in institutional calls year-over-year.
• Binance Institutional onboarding time dropped from 3.2 days to 1.4 days on average.

Coinbase Fee Structure Overview

• Standard crypto transactions incur a fee of €1.49, applied as a fixed amount.
• Crypto conversions are slightly higher, charged at a €2.00 flat fee.
• For transactions below €10, Coinbase charges a reduced fee of €0.99.
• The highest fee applies to transactions from €50 to €200, which are subject to a €2.99 fixed fee.

Web Traffic and User Engagement Trends

• In May 2025, Binance.com received 117 million visits, while Coinbase.com saw 83 million.
• Coinbase’s average session duration is 4 minutes 12 seconds, while Binance’s is 3 minutes 43 seconds.
• Binance’s bounce rate is 46%, while Coinbase improved to 41% in Q2 2025.
• Mobile traffic now accounts for 72% of Binance visits and 68% of Coinbase visits.
• Coinbase’s blog drives 18% of referral traffic, fueled by its educational SEO strategy.
• Binance Academy content generated 15.4 million unique reads this year, mainly from Asia-Pacific users.
• Coinbase Wallet’s monthly active users reached 3.2 million.
• Binance’s NFT platform brought 7.8 million new users in H1 2025 via on-chain traffic channels.
• Coinbase’s web-based trade activity peaks between 12 PM–3 PM EST, while Binance sees a global spread due to time zone diversity.
• Binance now tracks real-time behavioral analytics for logged-in sessions to optimize feature usage.

Mobile vs Desktop Usage

• Binance reports that 72% of its users trade via mobile in 2025.
• Coinbase mobile usage stands at 68%, with significant growth in the Android market.
• Binance App (Android) has 100M+ installs, with a 4.2★ rating, while Coinbase App has 50M+ installs, rated 4.5★.
• iOS ratings: Coinbase: 4.7★, Binance: 4.4★ (2025).
• Tablet traffic accounts for 6% of Coinbase traffic, compared to 4% on Binance.
• Binance Lite mode adoption surged by 35% YoY, optimized for low-bandwidth markets.
• Coinbase Mobile added biometric security and spend tracking in Q1 2025.
• Binance’s mobile P2P volume grew 22% YoY, now accounting for 59% of all P2P trades.
• Coinbase added advanced charting to mobile apps, increasing mobile trade volume by 13%.
• Binance‘s mobile app now supports 27 fiat currencies for instant conversion, aiding emerging market growth.

Recent Developments and Regulatory Updates

• Coinbase received its EU-wide MiCA license in March 2025, streamlining operations across 27 nations.
• Binance completed its leadership transition in January 2025, appointing a new Chief Regulatory Officer.
• In Q2 2025, Coinbase expanded into Brazil and Singapore, gaining approval from both regulators.
• Binance received conditional registration from South Korea’s FSC in April 2025.
• Coinbase Ventures led $81 million in Web3 startup investments this year.
• Binance launched a Regulatory Transparency Dashboard, publicly listing 72 licenses and registrations.
• Coinbase joined the USDF Consortium in February 2025, driving regulated stablecoin standards.
• Binance settled a long-running dispute with the Dutch Central Bank, paying a €3 million fine.
• Coinbase is lobbying for the Crypto Oversight Bill (COB2025), now under Senate review.
• Binance is implementing mandatory biometric KYC across all regions by Q4 2025.

Conclusion

The battle between Binance and Coinbase in 2025 isn’t just about numbers; it’s a reflection of philosophy, priorities, and adaptability. Binance continues to scale globally, leaning into innovation, wide token access, and aggressive institutional expansion. Coinbase, meanwhile, solidifies its role as the most trusted U.S.-based exchange, prioritizing regulatory clarity and user-centric growth.

Whether you prioritize low fees, deep liquidity, or clean regulatory standing, both platforms offer powerful tools to match your strategy. The key lies in understanding where each excels and aligning that with your own crypto goals.