Binance and MEXC Dominate Crypto Exchange Rankings

CryptoRank.io has released its latest rankings of top cryptocurrency exchanges by open interest, volume, and market share. Binance Futures holds the top spot with $31.97B in open interest, followed closely by MEXC Futures with $29.33B.

WhiteBIT Futures ranks third with $25.91B in open interest, while Hyperliquid Futures takes fourth place with $14.51B. Bybit Futures and BTSE Futures round out the top five with $11.02B and $10.39B respectively.

The rankings also highlight significant gains for Gate Futures, which has seen a 200x increase in open interest to $5.78B. Deribit and BitMEX Derivatives remain among the lowest-ranked exchanges, but still hold notable market share.