CoinMarketCap ranks and scores exchanges based on multiple factors including traffic, liquidity, trading volume, and confidence in the reported volume metrics. Below is a detailed breakdown of the top cryptocurrency exchanges by trading volume.
Top 10 Cryptocurrency Exchanges (24h Trading Volume)
| Rank | Exchange | 24h Trading Volume (¥) | Avg. Liquidity | Weekly Visits | Markets | Coins | Fiat Support |
|---|---|---|---|---|---|---|---|
| 1 | Binance | 87,973,414,011 | 921 | 9,670,577 | 1998 | 517 | EUR, GBP, BRL +8 more |
| 2 | Bybit | 18,989,934,344 | 714 | 3,482,817 | 1213 | 733 | USD, EUR, GBP +3 more |
| 3 | Coinbase Exchange | 11,640,694,504 | 792 | 28,065 | 443 | 297 | USD, EUR, GBP |
| 4 | Upbit | 9,771,244,933 | 546 | 1,376,787 | 517 | 256 | KRW |
| 5 | OKX | 13,970,617,574 | 781 | 5,375,038 | 1037 | 343 | AED, ARS, AUD +43 more |
| 6 | Bitget | 22,245,851,057 | 699 | 3,396,230 | 1302 | 751 | USD, EUR, GBP +12 more |
| 7 | MEXC | 19,336,514,900 | 647 | 7,091,839 | 2993 | 1982 | EUR, USD, GBP +12 more |
| 8 | Gate | 16,472,522,193 | 608 | 3,235,678 | 2820 | 2062 | EUR, USD, GBP +19 more |
| 9 | KuCoin | 6,928,938,845 | 720 | 2,426,054 | 1614 | 1000 | USD, AED, ARS +45 more |
| 10 | HTX | 16,177,743,172 | 500 | 5,998,701 | 943 | 715 | ALL, AUD, BRL +47 more |
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Key Metrics Explained
- Trading Volume (24h): Reflects the total value of trades executed on the platform in the last 24 hours.
- Average Liquidity: Measures how easily assets can be bought/sold without affecting the market price.
- Weekly Visits: Indicates user engagement and platform popularity.
- Markets/Coins: Shows the diversity of trading pairs and supported cryptocurrencies.
- Fiat Support: Lists the fiat currencies accepted for deposits/withdrawals.
Why Liquidity Matters
High liquidity ensures tighter spreads and faster order execution, which is critical for traders aiming to minimize slippage. Exchanges like Binance and Coinbase lead in liquidity due to their large user bases and deep order books.
Emerging Exchanges to Watch
Beyond the top 10, platforms like Bitfinex, Kraken, and Crypto.com Exchange offer competitive features such as advanced trading tools and regulatory compliance.
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FAQs
How does CoinMarketCap rank exchanges?
CoinMarketCap evaluates exchanges based on traffic, liquidity, trading volume, and the reliability of reported data.
Which exchange supports the most cryptocurrencies?
Gate and MEXC currently list over 2,000 cryptocurrencies, offering the widest selection.
Are smaller exchanges safe to use?
While smaller exchanges may offer unique tokens, always verify their security measures (e.g., 2FA, cold storage) and regulatory status before trading.
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