As of 2024, Binance ranks first among the top ten cryptocurrency exchanges in the world, with a daily trading volume of US$76.8 billion. The other top ten exchanges are Coinbase, Kraken, FTX, Huobi, OKX, KuCoin, Gate.io, Bybit and BitMEX. Ranking criteria include daily trading volume, platform reputation, supported currencies, trading fees, customer support and liquidity.
The latest list of the world's top ten exchanges in the currency circle (2024 authoritative ranking)
ranking |
Exchange |
Daily trading volume (24 hours) |
1 |
Binance |
$76.8 billion |
2 |
Coinbase |
$13.2 billion |
3 |
Kraken |
$2.5 billion |
4 |
FTX |
2.3 billion USD |
5 |
Huobi |
2.1 billion USD |
6 |
OKX |
1.9 billion USD |
7 |
KuCoin |
17 Billion Dollars |
8 |
Gate .io |
$1.6 billion |
9 |
Bybit |
$1.5 billion |
10 |
BitMEX |
$1.4 billion |
Ranking Criteria
-
Daily trading volume: Average trading volume over the past 24 hours, in USD.
-
Platform reputation: Reliability and security of the exchange.
-
Supported Currencies: The number of cryptocurrencies that the exchange supports for trading.
-
Transaction Fees: Fees charged when buying and selling cryptocurrencies.
-
Customer Support: Quality of customer support provided by the exchange.
-
Liquidity: How easy it is to buy and sell cryptocurrencies on exchanges.
Key Insights
- Binance has been the world’s largest cryptocurrency exchange for many years running, with a staggering daily trading volume of $76.8 billion.
- Coinbase is the largest exchange in the United States, known for its user-friendliness and compliance.
- Kraken is another established exchange that is respected for its strict security measures.
- FTX has fallen sharply following its bankruptcy in 2023, and its ranking has fallen from the top three to fourth place.
- Huobi is a leading exchange in China that has recently expanded internationally.
- OKX is a major exchange offering a variety of trading products and services.
- KuCoin is a growing exchange known for its large number of token trading options.
- Gate.io is an established exchange that offers a wide range of trading pairs.
- Bybit is an exchange focusing on derivatives trading.
- BitMEX is another exchange that focuses on derivatives trading and is known for its high leverage.
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