Cryptocurrency exchanges serve as platforms for buying, selling, and trading digital assets, offering services like order matching, custody, and settlement. Below is the latest ranking of the top 10 largest crypto exchanges by daily trading volume:
1. Binance
- Daily Trading Volume: $2.2 billion
- Number of Trading Pairs: 1,000+
👉 Explore Binance's advanced trading features
2. Huobi Global
- Daily Trading Volume: $700 million
- Number of Trading Pairs: 500+
3. OKX
- Daily Trading Volume: $600 million
- Number of Trading Pairs: 350+
4. FTX
- Daily Trading Volume: $500 million
- Number of Trading Pairs: 250+
5. Kraken
- Daily Trading Volume: $300 million
- Number of Trading Pairs: 150+
6. Gemini
- Daily Trading Volume: $100 million
- Number of Trading Pairs: 100+
👉 Discover Gemini's secure trading environment
7. Bitstamp
- Daily Trading Volume: $80 million
- Number of Trading Pairs: 70+
8. Bittrex
- Daily Trading Volume: $60 million
- Number of Trading Pairs: 50+
9. Coinbase
- Daily Trading Volume: $50 million
- Number of Trading Pairs: 150+
10. KuCoin
- Daily Trading Volume: $40 million
- Number of Trading Pairs: 300+
Key Takeaways
- Liquidity Matters: Higher trading volumes (e.g., Binance, Huobi) ensure faster transactions and tighter spreads.
- Diversity: Exchanges like OKX and KuCoin offer extensive altcoin support.
- Security Focus: Gemini and Coinbase prioritize regulatory compliance.
FAQ
Q1: How is trading volume calculated?
A: Exports aggregate buy/sell orders across all pairs over 24 hours, often sourced from APIs or public reports.
Q2: Why choose a high-volume exchange?
A: They provide better price stability, lower slippage, and faster order execution.
Q3: Are these rankings updated in real-time?
A: Volatility in crypto markets means rankings shift frequently; check live trackers like CoinMarketCap.
Q4: What risks come with smaller exchanges?
A: Lower liquidity may lead to delayed withdrawals or higher fees during peak times.
Q5: How do I verify an exchange’s credibility?
A: Look for licenses, audit reports (e.g., Proof of Reserves), and community reviews.
Note: Always conduct independent research before trading.