At the end of 2024, international policy questions affected the crypto space, and the market continued to be volatile. Major trading platforms were not immune to feeling the effects. On November 12, CoinMarketCap (CMC), the authoritative data provider on cryptocurrency markets, recalibrated its exchange ranking rules and introduced a new liquidity measure," Liquidity." The estimate is calculated by polling the market randomly over 24 hours, averaging the results, and then ranking the exchanges by Liquidity.

Here's a look at the top 10 digital currency exchanges regarding global combined strength under the latest ranking rules for early 2020 (the daily trading volume of each trade fluctuates wildly; the ranking is for reference only).

1. HitBTC

HitBTC was founded in 2013 as a bitcoin exchange in the UK. It is now one of the world's leading digital asset trading platforms and has been offering transactions for individual users since 2013. The HitBTC trading platform is known for its advanced matching engine, multi-currency support, and friendly customer service. In addition to trading between digital currencies, HitBTC offers trading pairs between legal and digital currencies, namely the dollar and euro markets.

2. Bitfinex

Bitfinex, based in Hong Kong, is a full-featured platform for trading major spot cryptocurrencies. The platform's peer-to-peer financing market offers leveraged margin trading. Bitfinex allows leveraged trades of up to 3.3 times. Bitfinex supports Ethereum, bitcoin, litecoin, ether classics, other virtual currencies, spot trading, and transactions between our dollars and digital currencies.

3. Binance

Binance is a blockchain digital asset trading brand under Binance Holdings Limited, providing a wide range of cryptocurrency trading, cryptocurrency information, blockchain education, blockchain project incubation, blockchain charitable funds, and other services to the world. On October 21, 2019, Hurun Research Institute released the Hurun Global Unicorn List 2019, and Binance ranked 138th.

4. Huobi Global

Huobi is one of the three major exchanges in China. Huobi Group has invested in more than 10 upstream and downstream enterprises. It has established compliance service teams in Singapore, South Korea, Hong Kong, Thailand, Australia, Canada, Brazil, the United Kingdom, and other countries and regions. It provides secure and reliable digital asset trading and management services to millions of users in more than 130 countries.

5. Kraken

Kraken is a San Francisco-based bitcoin exchange that raised $3 million in angel funding in March 2014, led by Hummingbird Ventures. Kraken is one of the most active digital currency exchanges in the United States.  According to current data from Bitcoin Charts, the daily turnover of the Kraken platform is 4,579 BTC, more than that of competitors ANX and BTC-E.

6. is the world's leading digital asset trading platform, headquartered in Zurich, Switzerland. Since its establishment in 2013, it has been in safe operation. It ranks among the top 10 in terms of transaction volume and has provided digital currency trading services to millions of users. The average daily trading volume of the platform exceeds 10 billion CNY, the website visits exceeds 10 million, and the number of daily active users of the APP exceeds 500,000. has opened four trading pairs -- QC, USDT, BTC, and ZB, providing one-stop services for digital assets such as spot trading, OTC trading, leveraged trading, and financial management and lending.

7. ZBG was founded in Hong Kong in 2018. With its innovative, efficient, and globalized operation, ZBG has quickly become one of the top 10 exchanges in the industry within a short period and is regarded as a new international station. Currently, the platform supports language access in seven countries and provides services for 1.8 million digital asset investors worldwide, with an average daily activity of over 120,000. In the future, ZBG will continue to expand the global market and provide stable, safe, and fast services such as blockchain project listing and digital asset investment for international blockchain enthusiasts.

8. Coinbase Pro

Founded in 2012 and headquartered in San Francisco, California, Coinbase is a digital asset wallet and trading platform based on Brian Armstrong. In January 2015, Coinbase was launched. In May of the following year, it was officially renamed GDAX. On June 29, 2018, it was renamed Coinbase Pro again.

9. OKEx

OKEX is one of the famous digital asset trading platforms. It mainly provides global users with spot trading and derivative trading services of bitcoin, litecoin, ethereum, and other digital assets. It is affiliated to OKEX Technology Company Limited. Since 2014, it has provided bitcoin, litecoin, ether, and other digital assets and derivatives trading services to global users and adopted advanced technologies such as GSLB, distributed server cluster, distributed storage, high-speed memory trading engine with multi-machine mutual backup, cold wallet, and hot wallet with private keys offline.

10.  DigFinex

DigiFinex exchange, a blockchain digital asset exchange incorporated in Seychelles, offers matchmaking services for global users for bitcoin, Ethereum, litecoin, and other digital assets. It is operated by Singapore-based DigiFinex Pte. LTD. Established by China's top technology team and professional digital asset enthusiasts, aims to provide users with more secure, convenient, high-quality, and transparent blockchain asset trading and exchange services and aggregate global high-quality blockchain assets.