Binance vs Coinbase Statistics 2026: Share, Users and Fees

Binance vs Coinbase statistics start with one gap. Binance held a 42.7% share of spot trading volume on the top 10 centralized exchanges in 2026 Q3, CoinGecko reports. Coinbase measures its own reach differently, through its Crypto Trading Volume Market Share, which counts spot, derivatives and stablecoin volume, reached an all-time high of 10.3% in Q2 2026.

Binance reports more than 323 million registered users. Coinbase counted 7.6 million Monthly Transacting Users (MTUs) in Q2 2026. Those two numbers are not the same measure, and the sections below keep them apart. The data covers market share, users, trading volume, revenue, custody, derivatives, stablecoins, fees and each exchange’s regulatory record.

Key Takeaways

• Binance’s spot share on the top 10 centralized exchanges rose to 42.7% in Q3 2026, up from 38.7% in Q2.
• Coinbase’s own crypto trading volume share climbed from 1.5% in Q2 2023 to 10.3% in Q2 2026, a 6.87x rise.
• Binance’s more than 323 million registered users grew roughly 7% in H1 2026, while Coinbase MTUs fell to 7.6 million in Q2 2026 from 8.7 million a year earlier.
• Subscription and services made up 48% of Coinbase’s total net revenue in Q2 2026.
• Binance’s TradFi perpetual futures volume reached approximately $433.4 billion in August 2026, roughly 15x January’s level.
• In its November 2023 settlement, the Treasury’s Financial Crimes Enforcement Network (FinCEN) assessed Binance a $3.4 billion civil money penalty, and the Office of Foreign Assets Control (OFAC) a $968 million penalty.

Editor’s Choice

• Binance spot share, top 10 exchanges: 42.7% in Q3 2026.
• Coinbase crypto trading volume share: 10.3% in Q2 2026.
• Binance registered users: more than 323 million.
• Binance all-time trading volume: $156.4 trillion.
• Coinbase assets on platform: $245.866 billion at June 30, 2026.
• Coinbase net revenue: $6.9 billion for the year ended December 31, 2025.

Binance vs Coinbase Statistics at a Glance

• Binance was the only top 10 spot exchange with a double-digit market share in 2026 Q3.
• Coinbase reported Q2 2026 net revenue of $1.2 billion and a net loss of $359.5 million.
• Binance says roughly 43% of all crypto holders worldwide now use Binance, a figure the exchange reports itself.
• Coinbase’s Trading Volume reached $1,221 billion in 2025.
• Coinbase stopped reporting Trading Volume as a key metric beginning in the second quarter of 2026.

Source: CoinGecko 2026 Q3 Crypto Industry Report, Binance, Coinbase SEC filings

About This Data

• Compiled from 17 sources: 4 Coinbase SEC filings, 5 Binance releases and fee pages, 4 CoinGecko quarterly reports, 2 regulator releases and 2 Coinbase help pages.
• Sources run from the US Treasury’s November 2023 Binance settlement release to CoinGecko’s October 2026 report; only company filings, company releases, company fee schedules and help-center pages, regulator pages and exchange-volume data qualified.
• Figures are reviewed on a rolling basis and updated when the sources publish new editions.

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Binance Spot Market Share by Quarter

• Binance’s share of top 10 spot exchange volume reached 42.7% in Q3 2026.
• Binance’s market share held at 40% throughout Q3 2025, when top exchanges recorded $5.1 trillion in spot volume.
• Top 10 spot exchange volume fell 14.2% to $1.65 trillion in 2026 Q3, so Binance’s rising share came from a shrinking pool.
• Applying the 42.7% share to $1.65 trillion implies $704.55 billion of Binance spot volume in Q3 2026.
• Top 10 spot exchange volume dropped 39.1% to $2.7 trillion in 2026 Q1, from $4.5 trillion in 2025 Q4.

Is Binance bigger than Coinbase?

It depends on the metric. By spot trading volume, yes: Binance held 42.7% of top 10 spot exchange volume in Q3 2026. By users, the counts measure different things: Binance reports more than 323 million registered users, while Coinbase reported 7.6 million MTUs in Q2 2026. By custody, Coinbase claims the lead in its own earnings presentation; its SEC-filed 10-Q reports only Coinbase’s own Assets on Platform, with no Binance comparison.

Coinbase Trading Volume Market Share by Quarter

• Coinbase’s Crypto Trading Volume Market Share reached an all-time high of 10.3% in Q2 2026, against 9.1% in Q1.
• The share stood at 1.5% in Q2 2023 and 4.9% in Q4 2024.
• The move from 1.5% to 10.3% is a 6.87x rise in three years.
• Coinbase says it gained share in both spot and derivatives globally, with spot gains concentrated in Crypto-Fiat.
• The measure divides Coinbase’s spot, derivatives and stablecoin volume by total volume across exchanges in Coinbase’s proprietary competitor set.

Worth noting: Coinbase’s 10.3% and CoinGecko’s 42.7% for Binance use different denominators. Coinbase adds derivatives and stablecoin conversions across its own competitor set, while CoinGecko counts spot volume on the 10 largest exchanges only. Reading one against the other overstates or understates the gap, depending on which product mix a reader cares about.

Recent Developments

• October 15, 2026: Binance said bStocks passed $1 billion in assets under management roughly four months after launching on June 11, 2026.
• Q3 2026: CoinGecko’s quarterly report showed Binance at 42.7% of top 10 spot exchange volume, up from 38.7% in Q2.
• September 21, 2026: Binance’s first FX perpetual contract, USDBRLUSDT, was scheduled to go live.
• August 2026: TradFi perpetual futures volume on Binance reached approximately $433.4 billion, roughly 15x January’s $29.5 billion.
• July 30, 2026: Coinbase filed its Form 10-Q for the quarter ended June 30, 2026, reporting a Q2 net loss of $359.5 million.

Binance vs Coinbase Users

• Binance reported more than 323 million registered users across over 100 countries on its ninth anniversary.
• Binance’s registered users grew roughly 7% in H1 2026, and its institutional users grew 9%.
• Coinbase averaged 9.7 million Coinbase monthly transacting users in Q1 2025 and 8.2 million in Q1 2026.
• Coinbase’s annual average MTUs rose to 9.2 million in 2025 from 8.4 million in 2024.
• Coinbase attributed its lower MTU count primarily to fewer trading users, influenced by overall market conditions.

Coinbase defines an MTU as a consumer who actively or passively transacts in one or more products at least once during a rolling 28-day period. A registered account carries no such activity test, so Binance’s 323 million and Coinbase’s 7.6 million describe different populations.

Binance vs Coinbase Trading Volume

• Binance has processed $156.4 trillion in all-time Binance trading volume, adding roughly $11.4 trillion in the first half of 2026.
• Binance’s cumulative volume stood at $145 trillion at year-end 2025.
• Coinbase’s Q1 2026 Trading Volume was $202 billion, against $401 billion in Q1 2025.
• Coinbase recorded $1,189 billion in Trading Volume in 2024.

Source: Binance, Coinbase Form 10-K for 2025, Coinbase Form 10-Q for Q1 2026

Coinbase Revenue and Profit

• Coinbase’s 2025 net revenue was $6.9 billion, including $4.1 billion in transaction revenue and $2.8 billion in subscription and services revenue.
• Coinbase’s net income was $1.260 billion in 2025, against $2.579 billion in 2024.
• Coinbase’s Q2 2026 transaction revenue was $599.2 million, and subscription and services revenue was $555.1 million.
• Adjusted EBITDA was $207.8 million in Q2 2026, down from $512.1 million a year earlier.
• Coinbase’s net loss for the first six months of 2026 was $753.6 million.

Key finding: Coinbase’s subscription and services line reached 48% of total net revenue in Q2 2026, and its prediction markets business passed $100 million in annualized revenue. That mix leaves Coinbase less dependent on spot trading fees as volumes fall.

Coinbase Assets on Platform

• Coinbase held $245.866 billion in Assets on Platform at June 30, 2026, against $424.993 billion a year earlier.
• Coinbase attributed a $196.5 billion decline primarily to lower prices of crypto assets held on its platform, offset in part by growth in units.
• Coinbase said most Q2 outflows were driven by ETF activity, given its position as primary custodian.
• Coinbase’s Assets on Platform equaled 11.2% of total crypto market capitalization in Q2 2026, down from 12.0% in Q1.

• Bitcoin on the platform was worth $170.8 billion at June 30, 2026.
• USD Coin (USDC) balances on the platform rose 19% year over year, the only asset line in the table that grew.

By the numbers: Coinbase held $245.866 billion in Assets on Platform at June 30, 2026, and Bitcoin accounted for $170.8 billion of it. Coinbase says it stores more crypto than any other platform. Custody, not trading volume, is the measure behind Coinbase’s claim to the top spot, and it rises and falls with crypto prices.

Is Coinbase the largest crypto platform?

By custody, Coinbase says so. Coinbase describes itself as the leading crypto platform globally, storing more crypto than any other platform. By spot trading volume, Binance was the only top 10 spot exchange with a double-digit market share in 2026 Q3. The answer depends on whether the measure is assets held or volume traded.

Derivatives and Perpetual Futures Statistics

• Coinbase’s trailing twelve-month (TTM) crypto derivatives trading volume reached $4,221 billion in Q2 2026, up from $201 billion in Q2 2024.
• That is a 21x increase in two years.
• Coinbase’s TTM derivatives volume held flat even as the market fell 12%.
• Binance dominated absolute open interest growth among the top 10 perpetual exchanges in 2026 Q3, adding $12.7 billion.
• Deribit’s open interest fell 18.9% in the same quarter. Coinbase acquired Deribit, a crypto derivatives exchange, on August 14, 2025.

Stablecoins and USDC Statistics

• Coinbase products held a record average of $20 billion in USDC in Q2 2026.
• More than 30% of USDC in circulation sat in Coinbase products at quarter-end.
• Coinbase says it captured about 50% of all USDC economics over the past year.
• Coinbase puts average USDC market cap at $77 billion in Q2 2026.
• USDC on Coinbase’s platform was worth $8,874 million at June 30, 2026.

Stablecoin revenue gives Coinbase an income line that does not depend on trading activity, which helps explain why its revenue mix shifted while volume fell.

Binance vs Coinbase Trading Fees

• Binance charges regular spot users a 0.100% maker fee and a 0.100% taker fee.
• Binance’s VIP 9 level, at $4,000,000,000 or more in 30-day volume and a balance of at least 5,500 BNB, pays 0.011% maker and 0.023% taker.
• Paying in BNB takes 25% off Binance’s standard rates.
• Coinbase includes a spread in the quoted price of simple buy and sell orders, and shows the spread in the order preview screen.

Source: Binance trading fee schedule, October 2026

Coinbase Advanced fees vary by product, fee tier, and whether an order is a maker or taker order. Coinbase directs users to sign in to see their current rates and qualification criteria. A like-for-like fee comparison therefore needs the reader’s own tier on both platforms.

Regulation, Licenses and Legal Record

• FinCEN’s November 2023 settlement with Binance assessed a $3.4 billion civil money penalty and imposed a five-year monitorship.
• Treasury described Binance as responsible for an estimated 60% of centralized virtual currency spot trading when it announced the settlement in November 2023.
• The SEC filed a joint stipulation to dismiss its civil enforcement action against Coinbase on February 27, 2025.

Source: US Department of the Treasury, US Securities and Exchange Commission, Coinbase Q2 2026 earnings presentation

Why it matters: The FinCEN agreement requires compliance undertakings that include Binance’s complete exit from the United States. That single term shapes the comparison more than any fee or volume figure: for US residents, the two exchanges are not competing choices, and Binance’s growth comes from users outside the US.

Why can’t US citizens use Binance?

Binance’s FinCEN settlement requires its complete exit from the United States. Treasury says it will retain access to Binance’s books, records and systems for five years through a monitor. Binance states it does not offer its US stock products to US users.

Is Binance under investigation?

Under the terms of the November 2023 settlement, a monitor will oversee Binance’s remedial undertakings and report periodically to FinCEN, OFAC and the Commodity Futures Trading Commission (CFTC). Failure to meet the terms could expose Binance to substantial additional penalties.

Stocks, Tokenized Equities and New Products

• Binance’s bStocks passed $1 billion in assets under management, with more than $40 billion in cumulative trading volume.
• Nearly 100 bStocks are listed, up from five at launch in June 2026.
• Binance’s TradFi perpetuals volume in August 2026 was roughly 15x January’s, and equity-linked perpetuals made up approximately 79% of it.
• Coinbase cut approximately 700 employees in a restructuring announced on May 5, 2026, recognizing $52.4 million in expenses.

Source: Binance, Coinbase Q2 2026 earnings presentation

Which is better between Coinbase and Binance?

Neither is better on every measure, and the data points to different strengths. Binance leads spot volume with 42.7% of the top 10 exchanges in Q3 2026. Coinbase reported $245.866 billion in Assets on Platform at June 30, 2026 in its SEC filing.

Binance’s Treasury settlement requires its complete exit from the United States, while Coinbase lists 80+ licenses. Which exchange fits depends on a reader’s location, product needs and fee tier, and CoinLaw makes no recommendation.

Conclusion

Binance’s 42.7% share of top 10 spot exchange volume in Q3 2026 keeps it far ahead on trading scale, while Coinbase’s own trading share reached a record 10.3% in Q2 2026. The two companies report different things: Binance publishes milestones and users, Coinbase files revenue, custody and active users with the SEC.

Both are now selling more than crypto spot trading, through tokenized stocks, derivatives, stablecoins and prediction markets. The next CoinGecko quarterly report and Coinbase’s Q3 2026 filing will show whether Binance’s share gain and Coinbase’s revenue shift hold.