The currencies we use in daily life (Taiwan dollar, US dollar, etc.) are called legal tender, and they are all issued by the government or the central bank. The virtual currency (or cryptocurrency crypto currency) is not issued in a specific country or region, and can be used all over the world without exchange. It can transfer money all over the world without paying high fees. It does not need to be exchanged back and forth between many banks and currencies of different countries. It is a currency that allows assets to move freely. Currency must be liquid, and virtual currency exchanges exist to improve the liquidity of virtual currency. That is to say, to provide a centralized market for virtual currencies, a place where liquidity is greater, transaction costs are reduced, and the transaction process is more secure.
In this article, we will tell you: Global Ranking Top 10 cryptocurrency Exchange Ranking Global Ranking Top 10 cryptocurrency Exchange Ranking (Derivatives) Introduction to world-renowned cryptocurrency exchanges Things you should know about using a virtual currency exchange How to choose a virtual currency exchange?
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Global Ranking Top 10 cryptocurrency Exchange Ranking
Below is a list of the world's top 10 virtual cryptocurrency exchanges. There are many global exchanges, but it is recommended to choose a large one. Since everyone is worried about security issues when trading cryptocurrency, And this is a very new field and lacks the test of time, so choose the exchange platform with the highest scale, Even only using the top exchanges is relatively safe. In terms of scale and transaction volume, it can be observed that there is a big gap between the top and the latter. In addition, not every exchange has sufficient Chinese culture. In principle, exchanges that are not on this list do not need to be considered. The following is the ranking table, which will continue to change over time in the future.
- Binance
- FTX
- Coinbase pro
- Kraken
- Ku coin
- Gate.io
- Huobi Global
- Bitfinex
- Binance US
- Gemini
This article is for experience sharing and data collation. It does not mean any investment recommendation. Investment must be risky. Virtual currency is a very high-risk investment target. You must research and judge by yourself before investing.
Global Ranking Top 10 cryptocurrency Exchange Ranking (Derivatives)
Introduction to world-renowned cryptocurrency exchanges Virtual Currency Exchange 1: Binance
Binance was founded by Changpeng Zhao, a Chinese-Canadian engineer. In 2017 he conducted an ICO (issued virtual currency to raise the first capital), the token called Binance Coin (BNB), Investors who invest in ICOs will receive BNB in return, which can be used to trade cryptocurrencies on the Binance platform and pay related fees, BNB is also the platform currency (token issued by the trading platform itself). After Changpeng Zhao successfully raised funds, he founded the Binance exchange in Hong Kong in July 2017. Later, the server and headquarters were moved to Japan, but because China and Japan have very strict regulations on trading currencies, Therefore, it finally moved to the Republic of Malta, which is more friendly to virtual currency, and established an office in Taiwan in 2018. So far, Binance has become the No. 1 platform in the world in terms of cryptocurrency trading volume, providing transactions of more than 100 cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, etc.
CryptoCurrency Exchange 2: FTX
Founded in 2019, FTX has more than 70 contract trading pairs and 6 index contracts on the platform. There are also non-liquidation leveraged tokens, volatility contracts, US 2020 presidential election contracts, options, crude oil contracts, and more.
CryptoCurrency Exchange 3: Coinbase
Coinbase Pro (No Chinese) Coinbase, a San Francisco-based company, was the first U.S. cryptocurrency company to receive an investment of $1 billion in market value. It was also the first company to bring in $1 billion in annual revenue. At the end of October 2018, it was approved by the New York State Department of Financial Services to become a qualified custody company for cryptocurrencies. Also in November of the same year for Coinbase Prime customers (financial institutions wishing to transact with commercial funds) Opened an over-the-counter (OTC) trading desk. In October 2018, it announced an additional investment of US$300 million at a valuation of more than US$8 billion. Expect to accelerate the adoption of cryptocurrencies and digital assets.
CryptoCurrency Exchange 4: Kraken
Kraken Kraken is one of the oldest crypto exchanges, founded in 2011, But it was launched for trading in 2013 after two years of development and testing. Initially the exchange only offered Bitcoin, Trading between Litecoin and the Euro, with the addition of other currencies and margin trading at the end, And position itself as a professional bitcoin exchange. In September 2020, Kraken was also approved by the Wyoming Banking Commission, Be the first exchange in the United States that can set up a bank.
CryptoCurrency Exchange 5:KuCoin
KuCoin KuCoin is a very popular virtual currency platform in the world. Founded in 2017, it supports a variety of virtual currencies, Provide currency, legal currency and contract transactions for 5 million users in 207 countries and regions around the world, It also provides a multilingual customer service team that supports Simplified and Traditional Chinese.
Virtual Currency Exchange 6:Gate.io
Gate.io The Gate.io exchange was established in 2013 under the name "Biter" at first, and then changed its name to Gate.io. The feature of this exchange is that the number of tradable coins is quite large (according to Coinmarketcap data, there are 1212 coins), Moreover, the platform has many trading functions, providing 10 times leverage trading, regular investment plan, IEO, perpetual contracts...all of them, Many people will use it to trade derivatives, and it also has advantages in this regard, because the Maker order only needs -0.025% fee, and the Taker order 0.03% fee is quite cheap.
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CryptoCurrency Exchange 7: Huobi Global
Huobi Global (Huobi) Huobi (Huobi) is a Singapore-based cryptocurrency exchange originally established in China, Later, it set up offices in Hong Kong, South Korea, Japan, Russia and the United States. In 2018, its cumulative transaction volume has exceeded 1.2 trillion US dollars, And occupy the title of the world's largest digital asset exchange with a global share of 50%, Serving users in more than 130 countries.
CryptoCurrency Exchange 8: Bitfinex
Bitfinex Bitfinex was founded in 2012 by Fang Junzhe, his Taiwanese son-in-law, who came to Taiwan from the Netherlands more than 30 years ago. Initially, the company provided Bitcoin P2P margin lending platform services, and later added other cryptocurrency services. In 2015 and 2016, Bitcoin was stolen by hackers one after another, and then BFX tokens were issued. It is hoped that users whose assets have been stolen will be compensated with 1:1 USD. The exchange features peer-to-peer (P2P) financing of various digital assets, OTC markets, margin trading and derivatives trading.
CryptoCurrency Exchange 9: Binance.US
Binance.US (No Chinese) Binance.US is an exchange jointly developed by Binance and BAM Trading Services. It is open to US users to register and deposit funds. The biggest difference between it and Binance is that the amount of cryptocurrencies and fiat currencies that can be traded is different. By the end of 2021, the number of cryptocurrencies on Binance.US is about 53, and the number of tradable coins on Binance has reached 419.
CryptoCurrency Exchange 10: Gemini
Gemini was established in October 2014. The main slogan of the exchange is "Crypto without chaos". Emphasizing that it is a legal and regulated cryptocurrency exchange, the listed trading pairs are all safe and secure, and currently supports 97 trading pairs for users to use.
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