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.