Best of · XRP Ledger · Updated Nov 8, 2026

The best Centralized Exchanges on XRP Ledger in 2026

We track 31 Centralized Exchanges that run on XRP Ledger and have reviewed 20 of them in full. Our top pick is Coinsquare. Each one is scored on security, ease of use, fees and features.

1
Coinsquare
Centralized Exchanges · Cardano, Ethereum, XRP Ledger +6
Coinsquare is a Canadian centralized exchange for buying and trading crypto, with staking and custodial storage. Check its current fees, withdrawal terms and staking conditions before funding an account.
Read the Coinsquare review Visit Coinsquare(opens in a new tab)
ScoreScore 7.0 out of 10
TVL $2.67M−5.7%
2
Bitget
Centralized Exchanges · Bitcoin, Solana, Ethereum +68
Bitget is a centralized exchange for crypto trading, with additional markets including stock and commodity products. Its range is broad, but check fees, local availability and the terms of any non-crypto product before depositing.
Read the Bitget review Visit Bitget(opens in a new tab)
ScoreScore 6.8 out of 10
TVL $5.78B−0.1%
3
CEX.IO
Centralized Exchanges · Ethereum, Tron, BNB Chain +10
CEX.IO is a long-running centralized exchange for buying, selling and trading crypto, with card and bank payment options. Check your region, the full fee schedule and custody terms before funding an account.
Read the CEX.IO review Visit CEX.IO(opens in a new tab)
ScoreScore 6.5 out of 10
TVL $1.06M−22.4%
4
Backpack
Centralized Exchanges · Solana, Bitcoin, Ethereum +26
Backpack combines a centralized crypto and stock trading account with a separate self-custody wallet. Its range is broad, but check current fees, eligibility and custody details before moving funds.
Read the Backpack review Visit Backpack(opens in a new tab)
ScoreScore 6.4 out of 10
TVL $510M−4.4%
5
SwissBorg
Centralized Exchanges · Bitcoin, Ethereum, Solana +28
SwissBorg is a mobile crypto investing app that routes trades across exchanges and offers automated investing, Earn products and a crypto card. Check its exact fees, custody arrangements and eligibility rules before transferring funds.
Read the SwissBorg review Visit SwissBorg(opens in a new tab)
ScoreScore 6.2 out of 10
TVL $807M−5.0%
6
Phemex
Centralized Exchanges · Ethereum, Bitcoin, Solana +13
Phemex combines spot trading, high-leverage futures, bots, copy trading and Earn products in a custodial exchange. Check fees, KYC requirements and withdrawal terms before funding an account.
Read the Phemex review Visit Phemex(opens in a new tab)
ScoreScore 6.2 out of 10
TVL $267M−0.5%
7
Gate
Centralized Exchanges · Ethereum, Bitcoin, BNB Chain +129
Gate is a large, feature-rich centralized exchange for crypto trading, investing and other markets. Before funding an account, check which Gate entity serves your location, what verification it requires and the fees for the products you plan to use.
Read the Gate review Visit Gate(opens in a new tab)
ScoreScore 5.9 out of 10
TVL $5.86B−2.5%
8
Flipster
Centralized Exchanges · Ethereum, BNB Chain, Tron +19
Flipster combines crypto perpetuals with spot, copy trading and earn products. Its leverage and centralized custody make fees, KYC and withdrawal terms important to check before depositing.
Read the Flipster review Visit Flipster(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $16.6M−28.9%
9
OKX
Centralized Exchanges · Ethereum, Bitcoin, X Layer +21
OKX is a large centralized exchange with spot, derivatives, P2P and Web3 products. Before depositing, check the fees, regional availability and custody protections that apply to your account.
Read the OKX review Visit OKX(opens in a new tab)
ScoreScore 5.6 out of 10
TVL $28.2B−1.1%
10
BingX
Centralized Exchanges · Bitcoin, BNB Chain, Solana +5
BingX is a centralized crypto exchange with spot, futures, copy trading and other markets. It offers a broad toolkit, but check its current fees, regional availability and proof-of-reserves details before depositing.
Read the BingX review Visit BingX(opens in a new tab)
ScoreScore 5.5 out of 10
TVL $547M−2.9%
11
Bitrue
Centralized Exchanges · XRP Ledger, Ethereum, Tron +18
Bitrue combines spot and derivatives trading with earning and borrowing products. Before depositing, check the fees, withdrawal terms and rules that apply where you live.
Read the Bitrue review Visit Bitrue(opens in a new tab)
ScoreScore 5.5 out of 10
TVL $130M−9.6%
12
Deribit
Centralized Exchanges · Bitcoin, Ethereum, Solana +2
Deribit is a centralized exchange for crypto options, futures, perpetuals and spot trading. Its advanced derivatives tools come with mandatory KYC, liquidation risk and important unanswered questions about fees and safeguards.
Read the Deribit review Visit Deribit(opens in a new tab)
ScoreScore 5.4 out of 10
TVL $3.58B−8.3%
13
HTX
Centralized Exchanges · Tron, Bitcoin, Ethereum +16
HTX is a centralized exchange for buying and trading crypto, including spot and derivatives markets. Check current fees, regional access and withdrawal rules before depositing; its custody and audit picture is not clear from the published details reviewed here.
Read the HTX review Visit HTX(opens in a new tab)
ScoreScore 5.2 out of 10
TVL $3.95B+1.9%
14
BYDFi
Centralized Exchanges · Bitcoin, Ethereum, XRP Ledger
BYDFi is a centralized exchange for spot crypto, leveraged futures, copy trading and bots. Its reserve claim is worth checking, but key details such as fees, licences and audits are not clear.
Read the BYDFi review Visit BYDFi(opens in a new tab)
ScoreScore 5.2 out of 10
TVL $66.4M−4.9%
15
Bitunix
Centralized Exchanges · Ethereum, Bitcoin, Tron +11
Bitunix is a centralized exchange for spot and futures trading, with additional finance and TradFi products. Its fee schedule, licensing details and custody safeguards need checking before you deposit.
Read the Bitunix review Visit Bitunix(opens in a new tab)
ScoreScore 4.8 out of 10
TVL $278M+2.5%
16
Bitlo
Centralized Exchanges · Ethereum, XRP Ledger, Solana +9
Bitlo is a Turkey-focused centralized crypto exchange for buying and selling 90+ assets with TRY and USDT. Before signing up, check its fees, withdrawal terms and identity requirements: Bitlo does not publish those details clearly.
Read the Bitlo review Visit Bitlo(opens in a new tab)
ScoreScore 4.3 out of 10
TVL $12.6M−3.7%
17
Poloniex
Centralized Exchanges · Ethereum, Tron, XRP Ledger +8
Poloniex is a custodial crypto exchange for spot trading, derivatives and crypto deposits or withdrawals. Its published fees, licensing, audit status and account requirements are unclear, so verify those before transferring funds.
Read the Poloniex review Visit Poloniex(opens in a new tab)
ScoreScore 4.2 out of 10
TVL $903M−2.8%
18
CoinDCX
Centralized Exchanges · Bitcoin, Ethereum, XRP Ledger +10
CoinDCX is an India-focused centralized crypto app for buying, selling and trading digital assets. Check current fees, withdrawal rules and account requirements before depositing.
Read the CoinDCX review Visit CoinDCX(opens in a new tab)
ScoreScore 4.2 out of 10
TVL $163M−3.7%
19
NonKYC
Centralized Exchanges · Arbitrum, Avalanche, Ethereum +13
NonKYC is a centralized exchange that markets trading without ID checks. Its privacy focus may appeal to you, but fees, licensing and custody protections need closer checking before you deposit.
Read the NonKYC review Visit NonKYC(opens in a new tab)
ScoreScore 4.2 out of 10
TVL $1.52M−3.2%
20
ProBit Global
Centralized Exchanges · Bitcoin, BNB Chain, Ethereum +5
ProBit Global has permanently ceased operations. Its withdrawal grace period and customer support are closed, and the exchange says remaining balances are no longer accessible or retrievable.
Read the ProBit Global review Visit ProBit Global(opens in a new tab)
ScoreScore 0.5 out of 10
TVL $12.1M−1.9%
21
Binance CEX
Centralized Exchanges · Ethereum, Bitcoin, Solana +39
Binance is an active centralized crypto exchange, but this review can’t verify its current fees, regional licensing or custody safeguards. Check those before depositing.
Read the Binance CEX review Visit Binance CEX(opens in a new tab)
ScoreNot rated yet
TVL $125B−7.0%
22
Bitstamp
Centralized Exchanges · Bitcoin, Ethereum, XRP Ledger +7
Bitstamp is a long-running centralized crypto exchange with trading and staking. The available details are too limited to assess its fees, custody protections or regulatory status, so verify those before depositing.
Read the Bitstamp review Visit Bitstamp(opens in a new tab)
ScoreNot rated yet
TVL $4.50B−2.2%
23
Bitkub
Centralized Exchanges · Bitcoin, Ethereum, XRP Ledger +19
Bitkub is a Thailand-based centralized crypto exchange described as licensed in the country. Its core service is clear, but check fees, custody terms and account requirements before funding an account.
Read the Bitkub review Visit Bitkub(opens in a new tab)
ScoreNot rated yet
TVL $1.36B−4.3%
24
Korbit
Centralized Exchanges · Bitcoin, Ethereum, XRP Ledger
Korbit is a centralized exchanges project on Bitcoin, Ethereum and Xrpl. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.
Read the Korbit review Visit Korbit(opens in a new tab)
ScoreNot rated yet
TVL $477M−1.0%
25
VALR
Centralized Exchanges · Ethereum, Bitcoin, XRP Ledger +4
VALR is a centralized exchange for buying and selling crypto, with additional trading and yield products. Fees and important custody and licensing details are unclear, so there isn’t enough to recommend it confidently.
Read the VALR review Visit VALR(opens in a new tab)
ScoreNot rated yet
TVL $85.9M−29.4%

Centralized Exchanges on XRP Ledger: the numbers

Tracked: 31
Reviewed: 31
Total TVL: $183B
Avg. score: 5.3/10

The SkyBitcoins index lists 31 centralized exchanges on XRP Ledger. Every one of them has a full review. Across the 30 with TVL data, the combined value locked is $183B, counting value on every chain they support. Binance CEX dominates, with 69% of that total. The five largest make up 93% of the total; the median is $163M.

Ranked by TVL, Binance CEX ($125B), OKX ($28.2B) and Gate ($5.86B) lead the field. The best-rated is Coinsquare with 7.0/10, followed by Bitget (6.8) and CEX.IO (6.5). The 20 rated centralized exchanges average 5.3/10, and none scores 8 or above yet.

Beyond XRP Ledger, these centralized exchanges most often also run on Ethereum (31), Bitcoin (29) and Solana (27). Of the 29 with a confirmed status, 27 are active and 2 are inactive or wound down. In the past week, total value locked fell 5.5%. Bitunix gained the most (+2.5%), while VALR dropped the most (−29.4%).

Largest by TVL

1Binance CEX$125B
2OKX$28.2B
3Gate$5.86B
4Bitget$5.78B
5Bitstamp$4.50B

Highest rated

Method

How we ranked them

Reviewed dApps come first. Each SkyBitcoins review scores security, ease of use, fees and features from 0 to 10 using public facts such as audits, documentation and on-chain data; the overall score orders the list, with total value locked as the tie-breaker. Projects we have not reviewed yet follow, ordered by total value locked. Scores are never sold.

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Frequently asked questions

What is the largest centralized exchange on XRP Ledger by TVL?

Binance CEX is the largest centralized exchange on XRP Ledger by total value locked, with $125B across all the chains it supports. It is followed by OKX ($28.2B) and Gate ($5.86B). TVL figures come from DefiLlama and change daily.

Which centralized exchange on XRP Ledger has the highest SkyBitcoins score?

Coinsquare has the highest score at 7.0/10, ahead of Bitget (6.8) and CEX.IO (6.5). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many centralized exchanges on XRP Ledger has SkyBitcoins reviewed?

SkyBitcoins tracks 31 centralized exchanges on XRP Ledger. Of these, 31 have a full review and 30 report value locked, $183B in total, counting value on every chain they support.

Which centralized exchanges on XRP Ledger grew the most this week?

Among centralized exchanges with at least $1M locked, Bitunix had the biggest 7-day TVL gain (+2.5%) and VALR the biggest drop (−29.4%). Combined TVL moved −5.5% over the same seven days.

What is the average score for centralized exchanges on XRP Ledger?

The 20 rated centralized exchanges on XRP Ledger average 5.3 out of 10. Of these, 0 score 8 or higher and 6 score below 5.

Ranked list