The 5 Largest Bitcoin Exchanges By Volume

By Axtschmiede on Altcoin Academy

Axtschmiede
Nov 2 · 3 min read

These Are The Five Largest Bitcoin Exchanges By Volume

1. Binance

The rise of Binance is phenomenal. Founded in 2017 by Changpeng Zhao, the stock exchange has since had a success story that is second to none. However, Binance, with a daily trading volume of more than $ 1.5 billion on average, is by far the largest bitcoin exchange in the world.

The Exchange is constantly working on its expansion: At the beginning of September this year, Binance acquired the crypto-derivative platform JEX. Users will soon be able to trade derivatives such as Bitcoin Futures.

2. Kraken

With an average daily trading volume of 160 million US dollars, Kraken receives the silver medal on the victory podium of the crypto exchanges. Bitcoin trading is still dominating the order books on Kraken: about 37 percent fall on the BTC / US dollar trading pair.

The mighty Kraken incorporates Interchange.

Recently, Kraken made headlines by incorporating the portfolio management tool Interchange. Its CEO is none other than Bitcoin Influencer Dan Held.

3. Bitfinex

Bitfinex is considered a problem child among the crypto companies. In the wake of disagreements around Tether, the company regularly causes a stir in the scene. Because just like the stable coin, Bitfinex is a subsidiary of iFinex. The related ownership structure could be doomed to Bitfinex. For, according to the content of an application, which leads New York Prosecutor Letitia James against Bitfinex, the company made use of financial reserves, which were actually tether.

The explosive: The unfair cash injection Bitfinex has tried to compensate for losses that were incurred due to a deal with Crypto Capital. So Bitfinex was the dupe for fraudsters.

Despite the allegations, Bitfinex is still active in the market and occupies third place with a trading volume of about 140 million US dollars.

4. Gate.io

Gate.io is a Bitcoin exchange that used to fly under the radar. With a trading volume of 66 million US dollars per day, the Hong Kong Stock Exchange, however, ranked fourth on the list of the biggest exchanges in the world.

The stock exchange does not function as Fiat-Onramp; 96 percent is traded with tether (USDT).

5. KuCoin

KuCoin is a crypto-exchange based in Seychelles. With a daily trading volume of $ 40 million, the stock market is hardly smaller than Gate.io.

Most popular trading couple on KuCoin: BTC / USDT (22 percent).

Most recently, the stock market came into the limelight, as it had in at least four cases, animated smaller coins for wash trading.

Disclaimer: All data are from Coingecko.com. According to the company, trading volumes are adjusted for wash trading.

If you want to support me for free then you can do so via the following options, thank you!
Use the Bittube browser And Make Money While Browsing! Here’s the link: https://bittubeapp.com/?ref?2JXLODL50

Publish0x — a place where both Readers and Bloggers Earn Crypto https://www.publish0x.com/?a=open5lPd7A

Earn Bitcoin through one of the oldest Faucets https://freebitco.in/?r=18413045

Earn Litecoin http://moonliteco.in/?ref=b50d5a9004e3

Earn BItcoin Cash http://moonbitcoin.cash/?ref=536CAB98A8B8

Earn BTC http://moonbit.co.in/?ref=17c0b775e45a

Join me On Minds and earn even more Cryptocurrency! https://www.minds.com/register?referrer=THauerBYI

ALTCOIN MAGAZINE

The best damn place to read and write about crypto and blockchain.

Axtschmiede

Written by

Mindset, Self-Improvement, Health, Focus and Concentration! Proprietor of http://axtschmiede.com/

ALTCOIN MAGAZINE

The best damn place to read and write about crypto and blockchain.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade