Exchange Review November 2025

Binance ranked #1 overall (AA, 93.4) for the second consecutive time.

Other AA-rated leaders: Bitstamp (by Robinhood), Coinbase, Kraken, Crypto.com, OKX, Bullish, Gemini.

20 exchanges qualified as Top-Tier (BB or higher) despite stricter thresholds (BB now ≥70).

Average score rose to 56.9 (from 51.6 in April 2025); 69% of exchanges improved.

New entrants: Figure Markets and Toobit