Out of all the companies operating in the cryptocurrency market, none have grown as significantly as the leading crypto exchanges.

These behemoths have painted a new industry faster than Morris Katz. Some have reported that Binance is even the fastest profitable startup in history to reach unicorn ($1B+ valuation) status. It only took the exchange about 6 months.

However, Binance is not the only cryptocurrency company that experienced explosive growth over the last few years. Coinbase saw similar growth when the exchange went from having a $483M valuation to an $8B valuation over the course of about a year.

As the crypto market continues to grow, we may see more examples of companies experiencing explosive growth. In fact, it may become seemingly commonplace as we reach global adoption.

Regardless, this article will focus on the two most popular exchanges - Binance and Coinbase. Our goal is to compare these two exchanges to determine which exchange is the most popular cryptocurrency exchange in the world.

Trading Volume

One metric that is important for active traders is the volume an exchange is executing. Trading volume gives insights into the popularity of an exchange for trading purposes.

Coinbase