Coinbase

Coinbase dominates the US market with $6.5B in 2024 revenue and 110M+ verified users. It holds a unique edge as the only major US exchange with a full NASDAQ listing (ticker: COIN), providing unmatched institutional transparency. Despite a high-profile SEC lawsuit filed in 2023 that challenged its staking and exchange operations, Coinbase continues to outperform Kraken by a 4.3x revenue margin, cementing its leadership.