Top Cryptocurrency Exchanges Ranked

# Name Volume Country Established
1 Binance Logo Binance $9.4B Cayman Islands 2017
2 Bybit Logo Bybit $4.0B British Virgin Islands 2018
3 OKX Logo OKX $1.8B Seychelles 2017
4 Coinbase Exchange Logo Coinbase Exchange $1.6B United States 2012
5 Kraken Logo Kraken $737.7M United States 2011
6 KuCoin Logo KuCoin $483.5M Seychelles 2017
7 Binance US Logo Binance US $8.2M United States 2019
8 Bitget Logo Bitget $1.6B Seychelles 2018
9 Upbit Logo Upbit $847.3M South Korea 2017
10 Crypto.com Exchange Logo Crypto.com Exchange $648.2M Malta 2019
11 BigONE Logo BigONE $489.2M Seychelles 2017
12 BingX Logo BingX $307.9M British Virgin Islands 2018
13 HashKey Global Logo HashKey Global $42.4M Bermuda 2018
14 HashKey Exchange Logo HashKey Exchange $33.4M Hong Kong 2018
15 WOO X Logo WOO X $10.9M Seychelles 2019
16 WhiteBIT Logo WhiteBIT $2.0B Lithuania 2018
17 HTX Logo HTX $1.9B Seychelles 2013
18 LBank Logo LBank $1.5B British Virgin Islands 2015
19 Gate.io Logo Gate.io $1.2B Cayman Islands
20 MEXC Logo MEXC $1.0B Seychelles 2018
21 BitMart Logo BitMart $894.5M Cayman Islands 2017
22 XT.COM Logo XT.COM $856.1M Seychelles 2018
23 FameEX Logo FameEX $748.7M Australia 2020
24 AscendEX (BitMax) Logo AscendEX (BitMax) $627.9M Singapore 2018
25 Biconomy.com Logo Biconomy.com $553.0M British Virgin Islands 2019
26 LATOKEN Logo LATOKEN $550.6M Cayman Islands 2017
27 Bitunix Logo Bitunix $490.7M Seychelles 2021
28 Azbit Logo Azbit $390.4M Seychelles
29 Toobit Logo Toobit $342.6M Cayman Islands 2022
30 BTSE Logo BTSE $172.5M British Virgin Islands 2018
31 Dex-Trade Logo Dex-Trade $171.8M Belize 2019
32 CoinEx Logo CoinEx $142.3M Samoa 2017
33 Bitstamp Logo Bitstamp $134.4M Luxembourg 2011
34 Phemex Logo Phemex $93.2M Singapore 2019
35 Gemini Logo Gemini $74.6M United States 2014
36 Fastex Logo Fastex $52.1M Lithuania
37 BitDelta Logo BitDelta $49.9M Vanuatu 2023
38 EXMO Logo EXMO $40.7M United Kingdom 2014
39 Bitso Logo Bitso $40.2M Gibraltar 2014
40 Indodax Logo Indodax $12.7M Indonesia 2014
41 Coins.ph Logo Coins.ph $10.9M Philippines
42 Bitcointry Logo Bitcointry $9.9M Turkey 2023
43 Luno Logo Luno $7.4M Singapore 2013
44 bitcastle Logo bitcastle $5.5M Lithuania 2019
45 Backpack Exchange  Logo Backpack Exchange $4.6M British Virgin Islands 2023
46 XeggeX Logo XeggeX $2.2M Seychelles 2021
47 P2B Logo P2B $1.6B Lithuania 2018
48 CoinW Logo CoinW $1.0B United Arab Emirates 2017
49 Bithumb Logo Bithumb $542.3M South Korea 2014
50 Deepcoin Logo Deepcoin $402.0M Seychelles 2018
51 Bitvavo Logo Bitvavo $145.0M Netherlands 2018
52 BloFin Logo BloFin $115.1M Marshall Islands 2023
53 Bitfinex Logo Bitfinex $112.8M British Virgin Islands 2012
54 Slex Logo Slex $106.1M Costa Rica 2023
55 Paribu Logo Paribu $91.5M Turkey
56 bitFlyer Logo bitFlyer $76.5M Japan 2014
57 Deribit Spot Logo Deribit Spot $37.6M Panama 2016
58 Bitkub Logo Bitkub $27.9M Thailand 2018
59 Bitbank Logo Bitbank $23.4M Japan 2016
60 BitoPro Logo BitoPro $20.7M Taiwan 2018
61 Kanga Logo Kanga $17.6M Belize 2018
62 Max Maicoin Logo Max Maicoin $16.6M Taiwan
63 itBit Logo itBit $15.6M United States 2013
64 Korbit Logo Korbit $9.3M South Korea 2013
65 Cryptology Logo Cryptology $6.5M Lithuania 2018
66 CoinDCX Logo CoinDCX $4.2M Singapore 2018
67 CEX.IO Logo CEX.IO $4.1M United Kingdom 2013
68 Bittime Logo Bittime $3.8M Indonesia 2022
69 Tokenize Logo Tokenize $3.4M Singapore 2018
70 Nonkyc.io Logo Nonkyc.io $3.2M Seychelles 2023
71 Foxbit Logo Foxbit $1.9M Brazil 2014
72 Delta Exchange Logo Delta Exchange $0.6M Jamaica
73 NiceHash Logo NiceHash $0.2M Slovenia
74 BitMEX Logo BitMEX $68.2K Seychelles
75 Blockchain.com Logo Blockchain.com $66.2K United Kingdom 2012
76 DigiFinex Logo DigiFinex $1.7B Seychelles 2018
77 WEEX Logo WEEX $944.1M Singapore 2018
78 Hotcoin Logo Hotcoin $842.3M Seychelles 2017
79 Tapbit Logo Tapbit $752.0M United States 2019
80 OrangeX Logo OrangeX $686.2M Seychelles 2021
81 Uniswap V3 (Ethereum) Logo Uniswap V3 (Ethereum) $617.0M 2018
82 BVOX Logo BVOX $593.0M British Virgin Islands 2018
83 Pionex Logo Pionex $286.7M British Virgin Islands 2019
84 Uniswap V3 (Arbitrum One) Logo Uniswap V3 (Arbitrum One) $238.0M
85 PancakeSwap V3 (BSC) Logo PancakeSwap V3 (BSC) $232.8M
86 Bitrue Logo Bitrue $182.6M Seychelles 2018
87 ProBit Global Logo ProBit Global $156.1M Seychelles 2017
88 Raydium (CLMM) Logo Raydium (CLMM) $155.2M
89 Coinstore Logo Coinstore $145.4M Singapore 2020
90 Uniswap V2 (Ethereum) Logo Uniswap V2 (Ethereum) $137.9M 2018
91 PointPay Logo PointPay $113.0M Saint Vincent and the Grenadines 2018
92 BYDFi Logo BYDFi $89.9M 2020
93 Meteora Logo Meteora $87.0M
94 C-Patex Logo C-Patex $78.4M Argentina
95 Bit2Me Logo Bit2Me $70.8M Spain 2014
96 Bitci TR Logo Bitci TR $68.4M Turkey 2018
97 Uniswap V3 (Base) Logo Uniswap V3 (Base) $54.5M
98 Uniswap V3 (Polygon) Logo Uniswap V3 (Polygon) $47.7M 2021
99 PancakeSwap V3 (Arbitrum) Logo PancakeSwap V3 (Arbitrum) $38.6M
100 Balancer V2 Logo Balancer V2 $38.5M 2020

What is a Crypto Exchange?

A crypto exchange is a platform where individuals can buy, sell, or trade cryptocurrencies. These exchanges provide a marketplace for crypto transactions, offering various currencies and often supporting fiat-to-crypto transactions. They function similarly to traditional stock exchanges but are specifically designed for digital currencies, with features catering to the unique needs of the crypto market.

How Do Crypto Exchanges Work?

Crypto exchanges work by matching buyers with sellers. They use an order book where users can place 'buy' or 'sell' orders. When a buy order matches a sell order, the exchange facilitates the transaction. Exchanges can be centralized, with a central authority managing the platform, or decentralized, where transactions occur directly between users without intermediaries.

What are the Types of Crypto Exchanges?

There are mainly two types of crypto exchanges: centralized exchanges (CEX) and decentralized exchanges (DEX). Centralized exchanges are managed by a central authority and provide a more user-friendly interface, customer support, and advanced trading features. Decentralized exchanges operate without a central authority, offering direct peer-to-peer transactions, often enhancing privacy and security.

How are Crypto Exchange Rates Determined?

Crypto exchange rates are determined by the market dynamics of supply and demand on each platform. The rate at which a cryptocurrency is bought or sold on an exchange depends on the current orders in the exchange's order book. These rates can vary across different exchanges due to differences in liquidity, trading volume, and user demand.

What is the Role of Liquidity in Crypto Exchanges?

Liquidity in crypto exchanges refers to the ease with which assets can be bought or sold without causing significant price changes. High liquidity implies a stable market with enough volume to accommodate large orders quickly. Exchanges with high liquidity typically offer better pricing and faster transactions, making them more attractive to traders.

What are the Fees Associated with Crypto Exchanges?

Fees associated with crypto exchanges can include trading fees, withdrawal fees, and deposit fees. Trading fees are charged for each transaction and can vary based on the user's trading volume or membership tier. Withdrawal and deposit fees pertain to moving funds to and from the exchange, and these can vary based on the payment method and the type of cryptocurrency.

How to Choose a Safe and Reliable Crypto Exchange?

Choosing a safe and reliable crypto exchange involves considering factors like security measures, regulatory compliance, transaction fees, the variety of supported cryptocurrencies, and the exchange's reputation. It's crucial to research an exchange's history, user reviews, and security protocols, such as two-factor authentication and cold storage of assets, to ensure a secure trading experience.

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