- When it came to governance, liquidity, and security, Coinbase achieved better results than Binance this quarter, which led to a major shift in how the exchanges are ranked for Q2 2025.
- For helping solve a $20 million crypto fraud case, the exchange gained positive reviews in terms of its regulatory and compliance image.
- But although it holds the top spot in the industry, Coinbase is under fire due to a January data breach and a lawsuit brought by the Oregon Attorney General.
Binance is no longer listed as the number one global cryptocurrency exchange, according to an update by Kaiko, a major provider of market data. According to key performance measures, Coinbase, which is headquartered in the US, is now in the leading position. They considered governance, liquidity, security, technology, and the quality of data when making the rankings.
The Coinbase exchange performed well in many areas, including how much users can trade and how the platform is run. These results echo the fact that institutions are developing more faith in regulated crypto platforms. His findings showed that Coinbase consistently followed the rules and worked well with law enforcement, which helped it achieve its strong position.
Regulatory Cooperation has been recognized.
The fact that Coinbase took part in a significant crypto fraud investigation helped to improve its status. The business teamed up with authorities to find Chirag Tomar, who had taken part in stealing $20 million in 2024. The case pointed out that the exchange was dedicated to following the law and shielding investors.
Even with its fame, Coinbase is now dealing with security problems after a hack occurred earlier this year. A company based in India hired by Coinbase to deal with customer service has reportedly taken part in the mishandling of user data. Although the company should have disclosed the security incident in January, it did not and reported it only in May.
Changes to the Law Are Seemingly on the Horizon
Coinbase is readying itself for a dispute against federal regulators in court. Filing a case on the exchange, the Oregon Attorney General, Dan Rayfield, may play a role in reforming the regulation of digital assets. The main innovations in crypto are being watched closely by industry experts who observe the outcome.
Other well-known exchanges, such as Kraken and Crypto.com, were looked at in the report, but Coinbase was named the best performer. The changes in the rankings represent the fact that people now prefer platforms that comply with regulations and ensure the safety of their users.
