The cryptocurrency market has experienced tremendous growth in recent time, bringing thousands of investors and traders together from different parts of the world. The number of available cryptocurrencies is proportional to available crypto exchanges. That’s as the number of cryptocurrencies increases, the creation of crypto exchanges also increases. The function of these crypto exchanges is to help you buy, sell, and trade cryptocurrencies.
Based on trading volume, in this article, we will be listing and discussing the top 10 crypto exchanges based on trading volume. These will help crypto traders easily select the kind of exchange they need to kick-start their trading journey.
Binance:
Binance was founded in 2017, developed rapidly, and has gained popularity among other crypto exchanges. Based on trading volume, Binance is the biggest exchange over-taking other crypto exchanges. Binance can be accessible by both new traders and professional traders. This is due to the availability of many cryptocurrencies on the trading platform, the adoption of the modern trading system, and the simple user interface.
Coinbase:
Coinbase exchange is a trading platform for experienced traders and it is a famous exchange due to its credibility and security cautions. Coinbase exchange brings both amateur traders and institutional traders who are searching for a reliable exchange to trade and invest in. However, it is important to note that coin base exchange comprises many kinds of cryptocurrency pairs.
Huobi Global:
Huobi global exchange has a high trading volume, and it is a cryptocurrency exchange based in Singapore. As a result of the trading options and multiple cryptocurrencies assets on the trading platform, it has created an outstanding reputation for the trading industry. To attracts many traders to the platform, it has unique features such as trading charts, and several kinds of orders ranging from a limit order, to market order, etc.
Ktaken:
This exchange is known for its strict adhesion to regulatory policies, multiple crypto pairs, and low trading fees which are drawing different kinds of traders together. Ktaken is one of the earliest cryptocurrency trading exchanges. It has made a reputable name, and also a safe trading platform for every trader.
Okx:
It is a reliable cryptocurrency exchange that has many trading pairs, and a sophisticated trading feature. It has different trading options such as; features, spot, margin, etc. These trading pairs leave traders with many options on the kind of trading to carry out. For novice traders who want full trading experience, the Okx Exchange can be a good platform for them.
Bitfinex:
This exchange has different modern features of trading such as; margin trading and lending. It is a good exchange for both institutional and retail traders. It has good liquidity for trading, also it has a simple user interface. It is a Hong Kong crypto trading exchange.
Kucoin:
This crypto exchange is known for its multiple availabilities of altcoins. It draws attention of many traders who are seeking investment opportunities in the crypto space. Just like other exchanges, it has a simple user interface and low trading fees.
Bithumb:
It is the most prominent cryptocurrency exchange in the globe in terms of trading volume. It also has wide availabilities of coins in the platform, and several trading features as well. It is a Korea-based cryptocurrency exchange.
Coinbene:
It consisted of various kinds of cryptocurrencies, and it also has high liquidity. In recent time, it has been famous among other crypto exchanges. It has a swift user interface and different trading options that suit every trader.
Upbit:
This is an excellent trading option for many traders. It has a good security measure, many trading pairs which provide good trading opportunities for traders, and a user-friendly interface. It is owned and backed by a top Korean tech company.
Summary
According to trading volume, the trading exchanges listed above are ranked by it. Due to the volatile nature of the crypto market, the lists discussed above can be changed at any time.
While picking the kind of crypto exchange suitable for your trading journey, it is necessary to consider the following things; the policies regulating the exchange, the security measures, available trading pairs, and the kind of trading chart that it has. It is advisable to carry out intensive research before choosing an exchange that suits your trading strategies.
