Binance is the largest cryptocurrency exchange by trading volume as of February 2023, with over $1.41 trillion in trading volume. This is followed by Coinbase, FTX, Kraken, Huobi, Gate.io, KuCoin, BitMEX, Gemini and Bitfinex.
Cryptocurrency exchange trading volume ranking list
Cryptocurrency exchanges are platforms where people buy and sell cryptocurrencies. Trading volume is a key indicator of an exchange’s popularity and activity. The following is the ranking of cryptocurrency exchange trading volume as of February 2023:
1. Binance
Binance is the world’s largest cryptocurrency exchange, with a trading volume of over $1.41 trillion. It offers a wide selection of cryptocurrencies, low transaction fees, and advanced trading tools.
2. Coinbase
Coinbase is the largest cryptocurrency exchange in the United States, with over $300 billion in trading volume. It is known for its ease of use, compliance, and customer support.
3. FTX
FTX is a Bahamas-based cryptocurrency exchange with over $200 billion in trading volume. It is known for its derivatives trading, low fees, and high leverage.
4. Kraken
Kraken is a U.S.-based cryptocurrency exchange with over $100 billion in trading volume. It is known for its security, low fees, and wide selection of cryptocurrencies.
5. Huobi
Huobi is a Singapore-based cryptocurrency exchange with a trading volume of over $80 billion. It is known for its global coverage, large number of trading pairs, and innovative trading products.
6. Gate.io
Gate.io is a China-based cryptocurrency exchange with over $70 billion in trading volume. It is known for its wide selection of cryptocurrencies, low fees, and leveraged trading.
7. KuCoin
KuCoin is a Seychelles-based cryptocurrency exchange with a trading volume of over $60 billion. It is known for its wide selection of cryptocurrencies, low fees, and trading bots.
8. BitMEX
BitMEX is a Seychelles-based cryptocurrency exchange with a trading volume of over $50 billion. It is known for its derivatives trading, high leverage, and anonymous trading.
9. Gemini
Gemini is a U.S.-based cryptocurrency exchange with over $40 billion in trading volume. It is known for its security, compliance, and managed services.
10. Bitfinex
Bitfinex is a Hong Kong-based cryptocurrency exchange with a trading volume of over $30 billion. It is known for its advanced trading platform, low fees, and wide range of trading pairs.
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