There was a time when there wasn’t a single cryptocurrency exchange in the entire crypto-verse. However, as the cryptocurrency industry expanded, more cryptocurrency exchanges were launched into the crypto-verse. With the passage of time, over a thousand cryptocurrency exchanges have been launched into the crypto-verse.
However, the crypto-verse having so many options in terms of cryptocurrency exchanges doesn’t mean you can use any cryptocurrency exchange. It may be true that cryptocurrency exchanges are growing in number, but it doesn’t mean every exchange is up to the work.
It may come as a huge surprise but the majority of the cryptocurrency industry is currently occupied with below-standard cryptocurrency exchanges. Therefore, one must be extra careful when choosing a cryptocurrency exchange. If you are not cautious enough when choosing an exchange, you may become one of the victims of crypto scams.
One of the most critical factors you need to keep in mind when choosing a cryptocurrency exchange is to go through the cryptocurrency exchange reviews. This way, you can identify which cryptocurrency exchange you need to side with in order to perform trades and other crypto-related activities.
Binance Exchange currently ranks as the largest cryptocurrency exchange in the entire world with a user name that is over 40 million. The exchange launched its operations back in 2017, and in a span of 4 years, the exchange has expanded throughout the world. The exchange adheres to the KYC and AML regulations so it is a safe exchange to trade with.
The exchange boasts a trading volume that is worth $22,915,363,485 on average in the past 24-hours. As for the traffic, the exchange is currently exhibiting a total of 31,922,013 visits on a weekly basis. The exchange currently offers a total of 1,583 markets and it provides you with exposure to over 400 cryptocurrencies.
The exchange has its network spread across the globe and it has been expanding into more regions. Despite some drawbacks resulting in bans in some countries, the exchange’s overall business is experiencing a positive trend. According to CoinMarketCap, the overall score granted to the exchange is 9.9.
Conbase Exchange is currently the second-largest exchange in the entire world. Just like Binance, Coinbase has a user base that is over 40 million. The exchange launched its operations back in 2013 and since then, it has been growing bigger. The exchange has been expanding its services throughout the globe and it is going beyond the crypto-space to offer its services.
The exchange recently launched itself publicly and it has been partnering with several mainstream institutions to spread its network across the globe. As Binance experienced a slight downfall, Coinbase has taken used the opportunity to its benefit into gaining more exposure in the crypto-verse.
As of now, Coinbase is exhibiting a trading volume that is worth $5,234,245,901 on average in the past 24-hours. When it comes to traffic, it is currently exhibiting a total of 3,875,914 visits on a weekly basis. As of now, Coinbase is offering users access to more than 404 markets and the number of cryptocurrencies it has been offering is 133. The exchange is constantly increasing its catalog for the cryptocurrencies it is offering. The exchange currently has an 8.6 rating awarded b CoinMarketCap.
Kraken exchange is one of the oldest cryptocurrency exchanges that has been around in the cryptocurrency sector. The exchange has been taking actions that other exchanges seem to be hesitant to take. The exchange tends to take the risk of enlisting some of the riskiest and notorious cryptocurrencies such as Dogecoin (DOGE) and Shiba Inu (SHIB).
The exchange currently has a trading volume worth $1,321,182,627 that it exhibits daily on an average. The exchange has recorded average weekly visits that are 2,412,261. It is offering over 370 trading markets for users and more than 100 cryptocurrencies. The exchange has been given an 8.0 rating by CoinMarketCap.