What are the digital currency exchange rankings

Binance and OKX emerged as the frontrunners in the digital currency exchange landscape, dominating the market with their substantial trading volumes of $11.7 billion and $19.5 billion respectively.

Oct 20, 2024 at 08:06 pm

Top Digital Currency Exchange Rankings

As of February 2023, the leading digital currency exchanges based on 24-hour trading volume are:

1. OKX

Founded: 2017
Headquartered: Seychelles
Daily Trading Volume: $19.5 billion

2. Binance

Founded: 2017
Headquartered: Cayman Islands
Daily Trading Volume: $11.7 billion

3. Huobi Global

Founded: 2013
Headquartered: Seychelles
Daily Trading Volume: $4.8 billion

4. Bybit

Founded: 2018
Headquartered: British Virgin Islands
Daily Trading Volume: $3.2 billion

5. Coinbase

Founded: 2012
Headquartered: United States
Daily Trading Volume: $3.1 billion

6. Kraken

Founded: 2011
Headquartered: United States
Daily Trading Volume: $2.3 billion

7. KuCoin

Founded: 2017
Headquartered: Seychelles
Daily Trading Volume: $2 billion

8. Gate.io

Founded: 2013
Headquartered: Seychelles
Daily Trading Volume: $1.8 billion

9. Bitfinex

Founded: 2012
Headquartered: British Virgin Islands
Daily Trading Volume: $1.7 billion

10. Crypto.com

Founded: 2016
Headquartered: United States
Daily Trading Volume: $1.5 billion

Factors to Consider

When evaluating digital currency exchanges, it is important to consider factors such as:

Trading volume: A high trading volume indicates a liquid market with ample liquidity.
Supported currencies: The number of digital currencies and fiat currencies supported determines the range of trading options available.
Security: Robust security measures, such as 2FA and KYC, are crucial for protecting user funds.
Fees: Transaction fees vary among exchanges, so it is essential to compare the costs before choosing one.
Customer support: Responsive and knowledgeable customer support can be invaluable in resolving issues.

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