Binance vs. HTX (formerly Huobi): A Scale Comparison
In the global centralized cryptocurrency exchange landscape, Binance has long maintained its leading position. According to historical data, Binance consistently dominated the market in 2024 and 2025. For example, 2024 data shows Binance with a market share of 39.0% and an annual trading volume of $7.35 trillion. By 2025, its cumulative annual trading volume market share reached 38.6%, ranking first in both spot and derivatives trading. As of December 2025, Binance's spot trading volume market share was 38.3%, with an average daily trading volume of approximately $22.7 billion. The platform boasts around 316 million active users and supports a wide range of cryptocurrencies, with trading fees up to 0.1%.
In contrast, HTX (formerly Huobi) has significantly lower market share and trading volume compared to Binance. Although HTX briefly ranked second globally in spot trading volume in July 2024, its 24-hour spot trading volume (then $2.7 billion) was far less than Binance's $13.1 billion during the same period. From late 2025 to early 2026, HTX's spot trading market share was approximately 3-4%, with around 46 million active users and trading fees up to 0.2%. Overall, Binance demonstrates significant advantages in user base, trading volume, number of supported cryptocurrencies, and trading fees. Investors can view real-time market data and historical trends for these exchanges on platforms like Svmuu to make more informed decisions.
A List of Trading Platforms Similar to Binance
Beyond Binance and HTX, there are many other centralized cryptocurrency trading platforms globally that offer extensive trading services and high liquidity, each with its own unique characteristics:
- Bybit: According to 2024 data, Bybit was the second-largest centralized exchange globally, with a market share of 9.3% and an annual trading volume of $1.75 trillion, performing particularly well in the derivatives trading sector.
- OKX: Its cumulative annual market share in 2025 was 13.5%, ranking among the top three in both spot and derivatives trading.
- Coinbase: As the largest publicly traded exchange in the US, Coinbase is known for its user-friendly interface and support for beginners, offering various trading options.
- Kraken: Established in 2011, it is one of the oldest and most trusted platforms, renowned for its stringent security and regulatory compliance, offering services such as spot, staking, and futures.
- Crypto.com: One of the fastest-growing centralized exchanges in 2024, with annual trading volume growth of 969.7% to $1.29 trillion.
- KuCoin: Known for its wide selection of cryptocurrencies (over 840) and advanced trading features such as trading bots and a futures market.
- Gate.io: Its trading volume grew by 241.5% in 2024 to $1.01 trillion, offering hundreds of altcoins and markets.
- MEXC: One of the fastest-growing exchanges in 2025, with an annual growth of 90.9%, offering over 3,000 assets and featuring low-cost spot and futures trading.
- Bitget: Rapidly growing in the Asian market, with strong performance in the derivatives market.
- Upbit: The largest cryptocurrency exchange in South Korea.
- Gemini: Regulated by the New York State Department of Financial Services (NYDFS), known for its security.
Each of these platforms has its own focus, and users should consider their own needs, trading preferences, and requirements for security and compliance when making a choice. Given the rapid changes in the cryptocurrency market, it is advisable to verify the latest operational status and market data of any platform before conducting transactions.
