Crypto news

Coinbase Brutally Flips Binance in This Exchange Ranking: Details

BBG News

Well, well, well, look who’s on top now! Kaiko, that ever-so-diligent market data provider, just dropped a bombshell in the world of cryptocurrency rankings. Binance, once the undisputed king of the crypto jungle, has been dethroned. And who took its place? None other than Coinbase—yes, the very same Coinbase that your aunt probably uses to buy a little Ethereum when she’s not confusing it with “Eutherium” (don’t ask). This Q2 report showed that Coinbase has surpassed Binance in key performance indicators. Who knew?

Coinbase tops governance, liquidity and security

According to Kaiko’s not-so-humble update to the crypto world, they’ve been evaluating exchanges across a whole bunch of fancy terms like governance, business performance, liquidity, security, technology, and—oh, wait for it—data quality. Yes, that’s right, data quality. So, if you’ve ever wondered how “trustworthy” a crypto exchange is, apparently it’s all about how much attention they pay to their spreadsheets.

In a surprising twist that’s sure to make Binance’s execs spill their overpriced coffee, Coinbase came out on top. It even outshone Kraken (yes, Kraken!), Binance, and Crypto.com—everyone’s second-favorite crypto exchange when you’re bored of Coinbase. But according to Kaiko’s deeply researched analysis, Coinbase is now the most trustworthy and efficient outfit around. Who would’ve thought the biggest US-based crypto exchange would actually *get it together*? Shocking, right?

The Kaiko Exchange Ranking for Q2 is out now!

We evaluated exchanges across key performance indicators, including governance, business and liquidity performance, security, technology, and data quality. @coinbase came out on top this quarter with @krakenfx, @binance, and…

— Kaiko (@KaikoData) June 5, 2025

This signals a big shift in the market. Investors are clearly warming up to regulated platforms. It seems the days of hopping onto unregulated platforms without a second thought are behind us (unless you’re a true crypto daredevil, in which case, carry on).

In more spicy news, Coinbase has been working hand-in-hand with law enforcement to fight off those pesky spoofing schemes in the $3.43 trillion digital currency market. You know, the ones where shady folks steal millions of dollars in crypto like it’s Monopoly money? Yeah, there was this one guy, Chirag Tomar, who nabbed a whopping $20 million in crypto back in 2024. But no worries—Coinbase stepped in and helped track him down, proving that they might actually be *doing* something useful.

Coinbase featuring in top news

And then there’s the little matter of a security breach that has everyone buzzing. Apparently, back in January 2025, Coinbase got hacked. Surprise! But what really set the internet on fire is that Coinbase knew about it for months but kept it under wraps until May 2025. Not exactly the poster child for transparency. Oh, and here’s the kicker—Coinbase outsourced its customer service to a company called TaskUs, based in India. Guess what happened? One of the TaskUs employees decided to snap a few pictures of her screen filled with customer data. Because why not?

Meanwhile, Coinbase is bracing itself for a showdown in federal court, thanks to a lawsuit from Oregon’s Attorney General, Dan Rayfield. Why? Because the legal ramifications of this case could send shockwaves through the entire crypto sector. If Oregon’s AG gets his way, crypto innovation could be stuck in traffic for the next decade. Which is probably just what everyone wants, right?

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2025-06-05 17:27

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