Coinbase has surpassed Binance in Kaiko's Q2 Exchange Rankings based on governance, business performance, liquidity, technology, and data transparency.
Kaiko highlighted key performance shifts in the rankings, with Coinbase leading, followed by Kraken, Binance, and Crypto.com.
Coinbase excelled in governance, security, and liquidity performance, positioning it as a trust leader in the crypto market amidst regulatory scrutiny.
While Binance maintains volume and global reach dominance, regulatory concerns have impacted its reputation, leading to rising competition and improved standards in the industry.