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What is the global ranking of pancakeswap trading platform?

Robert De Niro

Oct 01, 2024 pm 01:00 PM

BitcoincryptocurrencyEthereumBinanceexchangetrading platform

PancakeSwap ranks 13th among global cryptocurrency exchanges by trading volume, with its ranking based on factors such as trading volume, number of users, liquidity, reputation, and fees. PancakeSwap’s advantages include decentralization, low fees, wide range of tokens, high liquidity, and user-friendly interface.

What is the global ranking of pancakeswap trading platform?

PancakeSwap’s global ranking

PancakeSwap is a decentralized exchange (DEX) that runs on Binance Smart Chain superior. PancakeSwap ranks 13th among global cryptocurrency exchanges by trading volume, according to CoinMarketCap.

Factors for PancakeSwap Ranking

PancakeSwap is ranked based on the following factors:

Transaction Volume: Here are the transactions The total value of assets traded.
Number of users: This is the total number of people using the exchange.
Liquidity: This is the amount of an asset available on the exchange for buying and selling.
Reputation: This is the reliability and security of the exchange.
Fees: This is the transaction fee charged by the exchange.

Advantages of PancakeSwap

The main advantages of PancakeSwap being at the top of the global rankings include:

Decentralization :PancakeSwap is not controlled by any central authority.
Low Fees: PancakeSwap’s trading fees are generally lower than other exchanges.
Wide range of tokens: PancakeSwap supports a large number of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB).
High Liquidity: PancakeSwap has a lot of liquidity, ensuring users can easily buy and sell assets.
User-friendly interface: PancakeSwap has a user-friendly interface that makes it easy to use even for novice users.

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