Binance retains its top position in the global ranking of centralized cryptocurrency exchanges according to the latest CoinDesk Exchange Benchmark report for November 2025, achieving the highest rating of AA.
This is reported by Business • Media
Binance’s Market Position and Rating Features
The latest CEX benchmark report from CoinDesk indicates that Binance leads both the spot market and the derivatives market, scoring 93.4 and 93.65 points respectively. It is the only cryptocurrency exchange to receive scores above 90 in both categories, securing its AA rating.
“As noted by CoinDesk, this highlights Binance’s deep liquidity, regulatory compliance, and robust security measures that ensure sustainable performance for users.”
Binance maintains its leading position among central platforms in terms of market quality, security level, and operational transparency. The exchange’s share of the global spot market is 26%, while its positions in the derivatives market are even stronger. Experts emphasize that the platform’s deep liquidity results in tighter spreads, minimal slippage, and effective pricing. Analysts believe that the largest exchanges today demonstrate greater resilience than five years ago.
Overall Trends in Centralized Crypto Exchanges
According to the report, the centralized exchange sector is rapidly maturing: nearly 60% of platforms operate within recognized regulatory frameworks, and almost half utilize the Proof of Reserves concept for public reporting. One-third of platforms provide audited financial statements. The number of security incidents has significantly decreased — to $62 million in losses, with no incidents affecting the largest market participants.
Regulatory initiatives — including the European MiCA regulation, the VASP regime in the UAE, and new US rules for stablecoins (GENIUS Act) — are driving the development of risk management systems, round-the-clock monitoring, and transparency. At the same time, competition in the market is intensifying: the number of exchanges rated AA has increased from four to eight, indicating improved standards of security, transparency, and regulatory compliance. For users and institutional clients, this means the formation of a market where trust becomes a key factor, and the industry itself lays the foundation for sustainable cryptocurrency development.
The report emphasizes that the next era of cryptocurrency exchange development will focus on interoperability between centralized platforms and on-chain markets. Binance is already actively investing in institutional solutions and wallet infrastructure, fostering innovation in custodial services, over-the-counter settlements, and tokenized collateral.