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Ever since the pathbreaking techno-financial innovation of crypto and decentralised finance, a burgeoning number of cryptocurrency exchanges have sprung up across the globe over the years. These exchanges essentially function as marketplaces for cryptocurrencies where traders and investors can converge in order to execute transactions in crypto assets. Most of these exchanges offer the full suite of services like trading, derivatives, wallet, staking etc. Since we are talking about crypto, there is technically no limit to the number of transactable coins that could be available in the market. This is because there is no central crypto issuing authority. On the contrary, anyone can essentially issue a crypto, whose projects are hosted on a particular blockchain. Therefore, unlike equity exchanges, which host all the stocks of companies approved by the central body (the Securities and Exchange Commission for the USA), crypto exchanges can host any crypto whose merit they individually deem worthy of hosting. Therefore, for crypto exchanges, you can find a coin in one exchange but the same coin missing in another exchange, which can never be the case for equity exchanges.
KUCOIN
KuCoin is a global cryptocurrency trading platform that offers both trading as well as wallet services for digital assets. The platform has more than 8 million registered users and operates across continents. It operates with a vision of making finance available and accessible to an increasing number of participants. It is backed by investments from venture capital firms like IDG Capital and Matrix Partners. At the time of writing, KuCoin had a day volume of more than $15 billion. According to CoinMarketCap, it offers 607 coins. It supports around 45 major fiat currencies from across the globe including the US Dollar, Arab Emirates Dirham, the Argentine Peso among others.
HUOBI
Huobi is a cryptocurrency exchange and blockchain asset financial services provider with a global presence and offers a diverse suite of digital asset services, including trading, wallet services and management. It was founded in 2013 and has delivered its services globally, regularly clocking high trading volumes. The platform, co-founded by Leon Li and Jun Du, not only provides exchange services but also allows spot trading, derivatives and futures trading features. It’s total revenue has surpassed $1.2 trillion and it has an active registered customer base across 170 countries and regions. At the time of writing, Huobi had a day volume of more than $12 billion. According to CoinMarketCap, it offers 428 coins. It also supports around 45 major global fiat currencies.
BINANCE
Binance, founded in 2017, is a leading cryptocurrency exchange, the largest by trading volume, and a seamless ecosystem for the purpose of transacting digital assets. It is an efficient combination of finance and technology which fosters innovation and greater economic autonomy for users. It was founded by Changpeng Zhao. The company has made safety, security, reliability as well as a comprehensive interface its priority while serving customers. It gives access to digital currency pairs on the market and it’s suite of crypto product offerings include trading, investment, research and education. According to CoinMarketCap, Binance is the largest crypto exchange in the world by volume, and at the time of writing had a day volume of more than $1 trillion. It hosts 405 coins and also supports most major global currencies.
FTX
FTX is a financial services and cryptocurrency derivatives exchange. Incorporated in Antigua and Barbuda and headquartered in The Bahamas, offers services to traders of cryptocurrency derivatives. The platform is an impactful one for professional traders, with real-time charts and analytics helping them to take the best informed trading decisions. FTX supports futures for several cryptocurrencies. With a day trading volume of more than $11 billion and offers 312 coins. Apart from the US Dollar, Euro and Great Britain Pound, it supports 7 major fiat currencies.
COINBASE
Coinbase is a cryptocurrency exchange which allows users easy, safe and seamless buying, selling, storage and comprehensive management of their crypto-asset portfolios. is a cryptocurrency exchange founded in 2012. It offers buy-and-sell services for cryptocurrencies like BitCoin and Altcoins. It is a platform aimed at facilitating financial transactions through a decentralized market. It is also a wallet in which customers can store digital currencies, thereby making such assets accessible and easy-to-use. Coinbase works with a vision of creating a dynamic and global crypto-economy which will unlock access to fairness, transparency and financial inclusion. According to CoinMarketCap, it had a day volume of more than $22 billion at the time of writing. It offers 159 coins.
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Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.