Top 10 crypto exchanges to explore as digital coins gain popularity

The global crypto market is currently home to over 12,200 cryptocurrencies and more than 400 exchanges, according to coingecko.com, which specializes in crypto news. Furthermore, exchanges can be divided into spot exchange, derivatives exchange, etc.

Here we discuss the top 10 crypto exchanges based on their 24-hour trade volume.

Binance 

Binance is a centralized cryptocurrency exchange based in the Cayman Islands. It was established in 2017. It accepts only cryptocurrencies for trading. Its 24-hour trading volume is US$24,158,988,794. There are 332 coins on Binance and 1237 trading pairs.

The most active trading pair on the Binance exchange is BTC/USDT. Its fee generally ranges from 0.1% to 0.075% for Binance or BNB coin holders. BNB was priced at US$417.35, up 8.7%, at 1:30 pm ET on Oct 1. On the other hand, Binance US has around 50-plus coins. But people living in Idaho, Louisiana, New York, Hawaii, etc., cannot hold Binance US accounts as of now. 

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Huobi Global 

Huobi recorded a trading volume of US$5,486,904,490 in the last 24-hour to Friday evening. It has 353 coins and 934 trading pairs. The exchange is based in Mont Fleuri, Seychelles. 

BTC/USDT is the most active trading pair on Huobi Global exchange. It was founded in 2013. It accepts the Blockchain asset wallet as a payment method.

Huobi has a token named Huobi Token (HT). HT was valued at US$8.58, up 4.9%, at 1:39 pm ET on Oct 1, 2021. HT has a maximum supply of 500,000,000 coins. 

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Coinbase Exchange 

Coinbase is a centralized crypto exchange. It is based in San Francisco, California. The exchange was founded in 2012. The trading volume in the last 24 hours was US$4,281,389,886. Coinbase Exchange has 102 coins and 307 trading pairs.

The exchange has an easy-to-use interface. It charges low to zero fees. It accepts payment through PayPal (US only), bank accounts (US only) and credit and debit cards.

The most active trading pair on the Coinbase exchange is BTC/USD.   

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Crypto.com Exchange  

Crypto.com is a centralized exchange established in 2019 in the Cayman Islands. It has a high cyber security score. Its last 24-hour trading volume was US$3,603,556,511. The fee ranges from 0.16% to 0.02%.

The exchange deals in 121 coins and 219 trading pairs. Users can trade cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), etc., and receive CRO-powered rewards offered by the exchange. Crypto.com’s CRO coin was priced at US$0.171537, up 9.8%, at 1:58 pm ET, on Oct 1, 2021. Its current total supply is 30,263,013,692.

The most active trading pair on the exchange is BTC/USDC. 

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FTX 

FTX recorded a trading volume of US$2,709,979,925 in the last 24 hours. It has 278 coins.

The exchange also has 442 trading pairs, but BTC/USD is the most active trading pair.

The crypto exchange is based in Antigua and Barbuda and was established in 2019. 

The FTX token (FTT) was valued at US$55.41, up 7.8%, in the trailing 24-hours at 2:08 pm ET on Friday. The maximum token supply is 336,416,468.

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KuCoin 

KuCoin exchange has 468 coins and 915 trading pairs. Its last 24-hour trading volume was US$1,832,397,428. This centralized cryptocurrency exchange was established in 2014 and is in Seychelles. It charges a 0.1% fee. The exchange also offers margin trading and a variety of altcoins to trade in. Its accepted payment methods include BTC, ETH, NEO, USDT, KCH, and BCS.

The BTC/USDT is the most active trading pair on the KuCoin exchange.

KuCoin Token (KCS) was traded at US$10.81, up 8.1%, at 2:15 pm ET on Oct 1, 2021. Its total supply is 167,673,097. 

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Kraken  

Kraken’s 24-hour trading volume was US$1,761,901,470. This centralized exchange has 89 coins and 393 trading pairs. Kraken is based in San Francisco, California, and was established in 2011.

Kraken accepts payment through wire transfer. The fee is 0%-0.26%. 

The Kraken exchange’s most active trading pair is XBT/USD. In addition, the exchange accepts fiat deposits in currencies like EUR, USD, CAD, and JPY.

The exchange offers margin trading and is one of the oldest crypto exchanges. 

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Gate.io  

Gate.io is a centralized exchange. Its 24-hour trading volume was US US$1,596,861,962. 

Gate.io offers 935 coins and 1949 trading pairs. The exchange was formed in 2013 in Hong Kong. Its fee is 0.20%. 

Gate has a presence in over 130 countries and over 8 million registered customers. The exchange offers no margin trading facility.

Its token GateToken (GT) was valued at US$4.27 at 2:30 om ET on Oct 1, 2021. The token has a total supply of 300,000,000.

Its most active trading pair is BTC/USD, closely followed by ETH/USD. 

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Bitfinex  

Bitfinex was established in 2014 in the British Virgin Islands. There are 156 coins and 378 trading pairs on the exchange, and the last 24-hour trading volume was US$1,170,454,845. 

Its fee includes maker fees of 0% - 0.100% and taker fee of 0.100% - 0.200%.

The exchange accepts payment through wire transfer, and it takes only USD in Fiat. Bitfinex offers margin trading. Its most active trading pair is BTC/USD.

Its token name is LEO Token (LEO), which was valued at US$2.94 at 2:41 pm ET on Friday. The token value is up 4.8%. Its current total supply is 985,239,504.  

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WOO Network 

WOO Network was earlier called Wootrade exchange. It is a centralized crypto exchange, and its trading volume in the last 24 hours was US$784,170,246.

The exchange has 69 coins and 72 trading pairs. In addition, the WOO Network connects traders, institutions, and DeFi platforms for trading at a low cost.

The WOO Network was established in 2019 by Kronos Research. Its fee is 0-0.05%. The exchange doesn't offer margin trading.  

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Bottomline

The global crypto market has grown rapidly over the past few years. It is currently valued at around US$1.9 trillion. While cryptocurrency production continues, many new crypto trading platforms are also coming up each year, offering news services to clients. It appears the more the competition, the better the services become. However, investors should evaluate the companies carefully before investing in the crypto market.