We hear a great deal about which cryptocurrencies are on top form and which ones to keep an eye on but we don’t give as much justice to the platforms on which crypto live.
When we think of the squirrel, we need to consider the tree.
The tallest trees we want to look at are the biggest crypto trading exchanges. For this list, we are basing the size on the exchange’s current trading volume for the last 24 hours on markets which have fees attached, according to Coin Market Cap.
“The world’s largest and most advanced cryptocurrency trading platform”
This platform offers its users trading exchange, margin trading, and margin funding services and also provides the option for users to trade up to 3.3x leverage. Launched in 2013, BitFinex has built itself up to offer users a number of unique features, such as customizable interfaces and advanced chart tools.
The Hong-Kong-based exchange is popular in the US, the top moving pairs are unsurprising with Bitcoin/USD taking first with Ethereum/USD in second place.
Bitfinex has seen a trading figure of $439,069,315 USD over the past 24 hours over its 84 markets.
“HitBTC is the most advanced Bitcoin exchange”
Founded in 2013 and launched in 2014, the location of this exchange is shrouded in mystery and its main point of operation has not been identified. With mailing addresses in Hong Kong and office representatives in Chile – the location stands unknown.
What is known about this exchange is the trading it boasts – with over 300 cryptocurrencies listed on the exchange,
HitBTC only offers cryptocurrency-to-cryptocurrency trading and has Bitcoin/Tether as the number one moving pair and Bitcoin Cash/Bitcoin traveling far behind.
With a current trading volume of $463,510,408 USD over the past 24 hours, it claims the title of the fourth biggest digital currency trading platform in the world.
“The leading global digital asset exchange”
Based in Beijing, Huobi is a platform which provides offers secure exchange services and operates on a completely independent crypto evaluation system.
Huobi also offers a fully comprehensive verification process which has helped gain it the favor from both local Chinese traders and also foreign users who have taken a liking to the platform.
Offering cryptocurrency-to-cryptocurrency trading, Huobi’s top movers are EOS/Tether and Bitcoin/Tether and the exchange bags a spot in the top three with a trading volume of $576,227,906 USD over the past 24 hours.
“The Most Trusted Digital Asset Exchange”
And for once, the company’s slogan holds the support of statistics to verify it. OKex can claim it’s prize as the top leading cryptocurrency exchange, boasting a massive current total trading volume of $1,582,095,635 USD.
If the number one spot isn’t enough in itself, the exchange can pride itself even more in taking the title of the second biggest cryptocurrency exchange after suffering a hack last year October.
OKex, which offers both fiat-to-cryptocurrency and cryptocurrency-to-cryptocurrency services, has been listed as the second top crypto-exchange and claims a daily trading volume of $686,407,253 USD. Its top movers are Bitcoin/Tether and EOS/Tether.
“Binance – Exchange The World”
Multi-lingual and international already put Binance in a golden place in the innovative world of cryptocurrency.
Not only does it cater to the market on a global level, it is one of the fastest exchanges in the market – a factor which works very much in its favor.
They’ve also got an outspoken CEO.
— CZ Binance (@cz_binance) September 21, 2018
With over 300 tokens listed, Bitcoin/Tether is the top-moving pair and Ethereum/Tether naturally follows behind.
It sits on the top tier of the podium with a 24-hour trading volume of $1,075,060,581 USD.