Top 10 Cryptocurrency Exchanges in the World
If you are planning to buy Cryptocurrency and looking for best centralized exchanges then you have landed on the right page. There are around 21,205 Cryptocurrencies and 527 exchanges in the world as of October 2022.
There are 2 types of cryptocurrency exchanges (Centralized and Decentralized). In this article we will discuss about the centralized crypto exchanges which are top 10 in the global market.
Centralized crypto exchanges are privately owned platforms providing services to users to buy, sell, trade and many more.
The top 10 Cryptocurrency exchanges in the world:
- Binance
- Coinbase Exchange
- FTX
- Kraken
- Gate.io
- KuCoin
- Binance.US
- Bitfinex
- Bitstamp
- Huobi Global
You may be thinking, which one is the best of 10. We will go in detail and will explain you so that you have complete information.
1) Binance
Binance is largest crypto exchange in the world currently by trading volume with $76 billion daily trading. They have above 90 million users all over the world. It was founded in 2017 by Changpeng Zhao, who is famously known as “CZ”.
CZ is a Chinese-Canadian developer who had previously created high frequency trading software. Binance’s headquarters was initially located in China but later moved to Japan in advance of the Chinese government banning Cryptocurrency trading in September 2017.
In February 2018, CZ was placed as third on the list of “The Richest People in Cryptocurrency” by Forbes Magazine.
Binance has an exchange score of 9.9 on a scale of 10 as of October 2022.
2) Coinbase Exchange
Coinbase is US based crypto exchange for trading and investment. The users can easily buy, sell, exchange and store cryptocurrencies on the exchange.
Coinbase was founded by Brian Armstrong and Fred Ehrsam in the year 2012 being one of the oldest and largest exchanges for cryptocurrencies by trading volume.
Coinbase doesn’t have a physical headquarters as it’s a distributed company and all the employees operate via remote work and serving 100+ countries all over the world.
Co-Founder Fred Ehrsam left Coinbase in 2017 and in 2018 co-founded cryptocurrency investment firm Paradigm.
Coinbase Exchange has an exchange score of 8.0 on scale of 10 as of October 2022.
3) FTX
FTX is the third largest crypto exchange after Binance and Coinbase. FTX was founded by two MIT graduates Sam Bankman-Fried and Gary Wang in May 2019. Sam Bankman-Fried is an entrepreneur and investor and widely known as SBF in the industry.
FTX is headquartered in Bahamas making it a Bahamian cryptocurrency exchange which in incorporated in Antigua and Barbuda.
FTX claims to be “Built by Traders for Traders” and for the purpose of generating wealth to be used for charitable causes.
FTX has an exchange score of 7.9 on a scale of 10 as of October 2022.
4) Kraken
Kraken is another US based centralized crypto exchange and bank founded in 2011 by Jesse Powell. Powell has been associated with digital currencies since 2001.
The company was launched in 2013 offering Bitcoin, Litecoin and euro-denominated trades initially. The company is based out of San Francisco, California.
On Kraken users can buy, sell, trade assets with relatively low commissions. Staking crypto is another option where clients can earn rewards.
A user can trade over 120 crypto assets including BTC, ETH, LTC, XRP, ETC, ZEC, USDT and more and 7 fiat currencies including USD, CAD, EUR, AUD, GBP, JPY and CHF.
Kraken has an exchange score of 7.5 on a scale of 10 as of October 2022.
5) Gate.io
Gate.io is a Chinese based crypto exchange founded in 2013 by Lin Han by located in Cayman Islands. It was initially launched as Bter but later taken over by Gate Technologies Inc.
Han wanted to create a secure trading platform for users who believe in Cryptocurrencies. The platform supports over 1400 cryptos with over 2500 trading pairs.
Apart from spot and margin trading, it provides services like options, futures and derivatives for investors.
The platform is available in almost all the countries except Cuba, Pakistan, Crimea, Venezuela, North Korea, Iran, Syria and Sudan.
Gate.io has an exchange score of 7.2 on a scale of 10 as of October 2022.
6) KuCoin
KuCoin emphasizes on intuitive design, simple registration process and high level of security. It’s known as “People’s Exchange” with the mission to “Facilitate the global free flow of digital value”.
The platform supports P2P exchanges and futures trading and also gives the ability to purchase cryptocurrencies with a credit or debit card.
The first price of KuCoin was written in 2013 by Michael Gan and Eric Don and later co-founded along with Top Lan, Kent Li, John Lee, Jack Zhu and Linda Lin. The exchange was officially launched in August 2017.
KuCoin provides services to countries such as UK, Canada, India, Japan, Turkey, Singapore and many others but it’s not licensed to operate in US.
KuCoin has an exchange score of 7.1 on a scale of 10 as of October 2022.
7) Binance.US
Binance.US is a separate exchange launched in response to U.S. regulations restricting the main Binance exchange. Binance.US is U.S. registered arm and of the largest cryptocurrency exchange by trading volume.
Binance.US offers users with fewer cryptocurrencies and trading pairs with just around 120+ assets compared to the main exchange of 600+ assets.
Binance.US was launched in September 2019 and independently managed by BAM Trading Services. Brian Shroder is the current CEO and a former executive of Ant Group Co.
Binance.US is based in Palo Alto, California but restricts it’s services to Hawaii, Texas, Vermont and New York.
Bianance.US has an exchange score of 7.1 on a sclae of 10 as of October 2022.
8) Bitfinex
Bitfinex was founded in 2012 making it one of the oldest cryptocurrency exchanges. It is operated by a Hong Kong based company iFinex Inc but registered in the British Virgin Islands.
To protect the assets on the platform, it offers both two-factor authentication and IP address monitoring. The exchange focuses primarily on professional traders and investors.
Bitfinex was co-founded by Raphael Nicolle and Giancarlo Devasini in 2012. Nicolle developed Bitfinex based on Bitcoinica trading platform code focusing on Bitcoin ecosystem.
Bitfinex restricts its access to major countries like US, Canada, British Virgin Islands, Venezuela, Italy, Austria, Iran, Crimea, Syria, Cuba, North Korea and Luhansk People’s Republic and Donetsk People’s Republic.
Bitfinex has an exchange score of 6.9 on a scale of 10 as of October 2022.
9) Bitstamp
Bitstamp was founded in August 2011 by Damian Merlak and Nejc Kordic and considered as of the long-standing centralized crypto exchanges. Their offices are located in U.S., UK, Luxembourg, Singapore and Slovenia.
It provides services to 100+ countries and complies with sanctions and restrictions imposed by the United States, Singapore and The European Union.
Bitstamps list 78 major cryptocurrencies including BTC, ETH, USDT, LTC, XRP, USDC and etc.
Bitstamp has an exchange score of 6.7 on a scale of 10 as of October 2022.
10) Huobi Global
Huobi Global was founded in China by Leon Li in 2013 and serving over 100 countries. It’s an international digital asset exchange handling over $4 billion in daily trading volume.
It’s one of the unique platforms offering insurance to its users to protect their assets. There are over 500 cryptocurrencies assets and 300 trading pairs listed on the platform.
The exchange was created in Beijing by Leon Li and the company is based in Seychelles with offices in United States, Japan, South Korea and Hong Kong. Over 400 digital currencies and tokens are available on the exchange including all the popular currencies like BTC, ETH, DOGE, LTC, XMR, HT, HUSD, USDT and many more.
Huboi Global has an exchange score of 6.7 on a scale of 10 as of October 2022.
These are the top 10 cryptocurrency exchanges as per daily trading volume. The list might slightly shuffle as the trading volume on the exchanges. You can signup, check their interfaces and see how does it look as the interfaces are personal preferences.
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