Crypto exchanges are without a doubt one of the fundamental pieces in our ecosystem. There are a large number of them, but what interests us in this opportunity is knowing which are the 5 exchanges with the most market volume.
Without them, many inhabitants of the cryptoverse who do not have the technical skills would be orphaned, or even exist. Also for those who can live without them, but use them because it makes life much easier.
Today, many of them have expanded their businesses beyond the process of just a simple money exchange. They offer debit cards, loans, pay interest on your hodls, have dabbled in the field of futures and options.
In addition, they have developed universities and extensive research, both inside and outside the cryptoverse. We cannot forget that crypto exchanges, such as the case of Binance, have helped with different donations through the Blockchain with the different disasters that have happened this year, such as the Coronavirus and the fires in Australia.
As we said, today there are a large number of them, in different regions of the world, with different regulations, different cryptos listed, and different services that they offer their clients. But which are the largest?
What are the 5 exchanges with the most market volume?
One of the different ways to measure the market volume of the different crypto exchanges is through the amount of money that moves daily on them, whether it is within the same exchange or outbound transactions.
Many of these figures represent the movements that traders make, in an attempt to earn the most money thanks to the volatility of cryptocurrencies.
So, with this indicator we have the following 5 crypto exchanges with 5 exchanges with the most market volume.
- Binance $ 5.26 billion daily
- BitForex $ 3.24 billion daily
- MXC $ 2.98 trillion daily
- EtherFlyer $ 2.96 billion daily
- BitMex $ 2.85 billion daily
As we see, Binance is the largest crypto exchange in the world by daily trading volume, the next exchange house is BitForex. The difference between these two is beastly, as $ 2 trillion more is traded daily on Binance.
There is another way to see who are the crypto exchanges with the most market volume, and it is thanks to the liquidity they possess. Or the amount of tokens they “really” have in their coffers.
In this section the list varies a little.
- HitBTC $ 72.44 million
- Bitfinex $ 70.04 million
- Binance $ 68.44 million
- Huobi $ 64.38 million
- Kraken $ 37.07 million
The interesting thing is that of the 5 that make up this list, Binance is the newest crypto exchange of all. Created in 2017, while HitBTC in 2013, and Bitfinex in 2012. At that time, Bitcoin was worth only pennies on the dollar, so perhaps the money they show is from a few users with large amounts of money.
For you, what is the best crypto exchanges of all? Is it one of these lists?