In 2023, the cryptocurrency market rebounded from a turbulent history, severely affected by the collapse of FTX. The market is experiencing significant growth, with a 48.9% increase from US$831.8 B on January 1st to US$1.238T on March 31st. This growth has spurred the interest of many individuals looking to invest in the crypto space. However, starting a new cryptocurrency exchange can be difficult.
This article compiled a list of the top 10 central cryptocurrency exchanges by trading volume, reputation, security, and more to help investors just starting out.
Binance
Founded by Changpeng Zhao in 2017, Binance is one of the world’s largest cryptocurrency exchanges with over 15 million users. It offers numerous trading pairings and features, such as a wallet, a platform for new cryptocurrencies, earning and betting opportunities, and its native token, BNB.
OKX
Founded in 2017 by Starsoo, OKX is one of the world’s largest Bitcoin exchanges, offering spot and futures market trading, margin trading, perpetual swaps, and more.
Upbit
Established in 2017, Upbit, a domestic cryptocurrency exchange, is famous for its large number of trading pairs and high trading volume. It provides a smartphone app for developers, an API, and a news and analysis corner for traders.
Gate.io
Founded in 2013, Hong Kong-based cryptocurrency exchange Gate.io offers users the ability to buy, sell and trade up to 1654 coins and 2924 trading pairs, including Bitcoin and Ethereum. Its user-friendly UI makes it easy for newcomers to use the site.
Crypto.com
Introduced in 2019, the Crypto.com Exchange allows you to buy, sell, and trade digital assets, including the native token CRO, through which you pay transaction fees and receive discounts on transaction fees.
eToro
eToro is a cryptocurrency exchange where you can trade more than 30 different cryptocurrencies in addition to an online brokerage platform that holds a variety of stocks and ETFs.
KuCoin
Founded in 2017 and based in Hong Kong, KuCoin allows you to buy, sell and trade up to 757 currencies and 1326 trading pairs. It offers spot trading, margin trading, and futures trading.
Coinbase
Founded in 2012 and headquartered in San Francisco, Coinbase enables users to buy, sell, and trade multiple digital assets. It offers spot trading, margin trading, and features like Coinbase Pro.
MEXC
Established in 2018, the popular exchange platform MEXC offers spot and margin trading, complex order types, and a native token, MEXC, allowing users to pay trading fees and earn rebates.
Bitstamp
Lastly, Bitstamp, a cryptocurrency exchange platform that provides convenient and simple market access through its web platform, mobile app, and API, has been awarded the CryptoCompare Exchange Benchmark due to its strong emphasis on security, transparency, and regulation. It was graded AA in its research.
