At the end of
2019, the crypto space was affected by international policy questions and the
market continued to be volatile. Major trading platforms were not immune to
feeling the affects. On November 12th, CoinMarketCap (CMC), the authoritative
provider of data on cryptocurrency markets, recalibrated its exchange ranking
rules and introduced a new liquidity measure,”Liquidity". The measure is
calculated by polling the market randomly over a 24-hour period, averaging the
results, and then ranking the exchanges by liquidity.
Here's a look
at the top 10 digital currency exchanges in
terms of global combined strength under the latest ranking rules for early 2020
(daily trading volume of each exchange fluctuates greatly, the ranking is for
reference only).
1. HitBTC
HitBTC was founded in 2013 as a bitcoin exchange in the UK. HitBTC, one
of the world's leading digital assets trading platforms, has been offering
transactions for individual users since 2013. 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 also 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 and other
virtual currencies, spot trading, and transactions between us 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 fund
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, and 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 asset
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.Currently, Kraken
is one of the most active digital currency exchanges in the United States. According to current data from Bitcoin Charts,
daily turnover of Kraken platform is 4,579 BTC, which is more than that of
competitors ANX and btc-e.
6. ZB.com
ZB.com/ZB.live
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 daily visits of the website
exceeds 10 million, and the number of daily active users of the APP exceeds
500,000. Currently, ZB.com 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
ZBG.com 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 of time, 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 global blockchain enthusiasts.
8. Coinbase Pro
Founded in
2012 and headquartered in San Francisco, California, Coinbase is a digital
asset wallet and trading platform, founded by Brian Armstrong. In January 2015
it launched Coinbase; 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 spot trading and derivative trading services of bitcoin, litecoin,
ethereum and other digital assets to global users. 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
the Seychelles, offers matchmaking services for bitcoin, ethereum, litecoin and
other digital assets to global users. It is operated by singapore-based
DigiFinex pte. LTD. Established by China's top technology team and professional
digital asset enthusiasts, digifinex.com 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.