Top Crypto Exchanges - June 2022
Here we are explained about top crypto exchanges by volume until June 2022, this exchange list was taken based on top countries like the USA, UK, and INDIA. These crypto exchanges are in the top 10 crypto exchanges ranking list. Best crypto trading platform filtered and given for your view.
Since their arrival, cryptocurrencies have been touted as the kickstarter for the Web3 ecosystem. The market capitalization of these alternative finance coins already crossed the trillion-dollar mark a few years ago. While cryptocurrencies have become a mainstay in the Web3 world, crypto exchanges have become the entry point for most newbie Web3 enthusiasts. Crypto exchanges are platforms where people can trade cryptocurrencies in exchange for fiat money. These platforms have existed since the days of Bitcoin, and the Bitcoin market was the first-ever crypto exchange in the world. In this blog, we will see the updated list of the best crypto exchanges.
Top Crypto Exchanges
1. Binance
Binance is one of the top crypto exchanges in the world in recent times. Running on the efficient Binance blockchain since 2017, Binance has become the largest exchange globally in terms of daily trade volume. The exchange offers numerous benefits to users, including low trading fees, a large number of crypto assets, encrypted wallets, and multi-factor authentication. The Binance exchange also provides its users with secure storage, enhanced user control, advanced risk control, and a dedicated support system. Although the Web3 world thrives on decentralization, Binance, as a centralized crypto exchange, facilitates the transition for users from Web2 to Web3.
As another of the top crypto exchanges in the Web3 world, Coinbase Exchange (or simply Coinbase) is a centralized crypto exchange that works remotely. It was founded in 2012, making it one of the oldest crypto exchanges running successfully. Coinbase Exchange is the largest crypto exchange in the United States in terms of trade volumes as the US regulations make it harder for most crypto exchanges to function. Coinbase Exchange allows users to trade more than 10,000 crypto assets, making it one of the largest exchanges in terms of crypto-asset variety available. It is also reputed among users as an easy-to-use crypto exchange.
3. FTX
Founded in 2019, FTX is one of the easy-to-use crypto exchanges that features a variety of crypto and trading assets. FTX offers spot markets to more than 100 cryptocurrencies and sells derivatives, leverage tokens, futures, and options. Its versatility further expands to fiat currencies, prediction markets (MOVE), and staking options that make FTX the best crypto exchange for investors to rely upon. FTX’s exchange and staking services are seen as some of the best in the crypto world as an investor can easily learn the nuances of crypto staking and trading to earn profits. All these qualities make FTX one of the top crypto exchanges.
4. Kraken
Kraken is yet another top crypto exchange founded back in 2011. Kraken is also an easy-to-use crypto exchange, and it lists 165 crypto assets, including all the top cryptocurrencies and native tokens. The exchange is based in the United States and provides functionality to almost all the nations. The crypto exchange has been one of the best crypto exchanges in terms of easiness. Kraken also has an active NFT marketplace and futures trading platform, which makes it a multi-faceted portal for Web3 users. One striking feature of Kraken is that it offers a lot to learn for a newbie Web3 user so that they can make informed decisions before acting.
5. KuCoin
KuCoin is one of the best crypto exchanges, which has additional decentralized finance (DeFi) features such as lending and investor pools. The exchange also has options for futures and spot trading, which makes it a big competitor to other top crypto exchanges. Launched in 2017, KuCoin is also one of the few international crypto exchanges to offer a peer-to-peer (P2P) trading option for its users. This crypto exchange also supports trading non-fungible tokens (NFTs) through its Windvane portal and an IGO NFT launchpad platform which helps launch new NFT games.
A Few Closing Thoughts
Therefore, the statistics during June 2022 say that the above 5 platforms are the top crypto exchanges in terms of trading volumes. The reasons that these crypto exchanges stay on the top are very clear — They emphasize the end-user in the long run. If you also want to establish such a user-centric crypto exchange platform, then work with a firm that specializes in crypto exchange development without further ado. Such companies typically create your crypto exchange based on your requirements. Such an approach can help your crypto exchange win in the long run.
