Top 10 Centralized Crypto Exchanges in Q1
After experiencing ups and downs and being heavily influenced by FTX, the cryptocurrency market is starting to turn green in 2023. In a good way, the crypto market successfully ended the first quarter of Q1. Cryptocurrency has grown significantly since the beginning of the year, rising 48.9% from a total market capitalization of $831.8 billion on January 1st to $1,238T on March 31st. Although not always smooth sailing, this trip helped make up for losses caused by the collapse of the FTX. In light of this, many individuals began to show interest in crypto space. However, as a newcomer, starting the crypto exchange is a tough game.
This article compiles the popular crypto exchanges in Q1 that will help individuals who are about to start their investment. When researching digital assets, investors often start by choosing a cryptocurrency exchange. Although there are many ways to exchange cryptocurrencies, centralized crypto exchanges offer a relatively simple method of converting money into coins and tokens. This article compiles the top 10 centralized crypto exchanges
Binance: Changpeng Zhao created Binance, one of the largest cryptocurrency exchanges in the world, in 2017. There are many trading accounts available for both fiat money and various cryptocurrencies, and it is said to have more than 15 million users. In addition, it provides a wallet, a platform for new cryptocurrencies, earning and staking opportunities, its native token, BNB and other features.
OKX: Star Xu established the cryptocurrency exchange platform OKX in 2017. One of the largest Bitcoin exchanges in the world, Okcoin, is owned by OK Group, which also owns OKX. Trades can be made in spot and futures markets, on margin and with permanent swaps, among other features.
Upbit: A South Korean cryptocurrency exchange called Upbit was established in 2017. It is one of the largest cryptocurrency exchanges in South Korea and is known for having a large number of trading pairs and significant trading volumes. Upbit has a reputation for its security measures and has never had a significant security breach. A smartphone app, an API for developers and a news and analysis section for traders are also available.
Gate.io: In 2013, Hong Kong-based Gate.io, a well-known cryptocurrency exchange platform, was established. It allows users to buy, sell and trade a wide variety of digital assets, up to 1654 coins and 2924 trading pairs, including Bitcoin, Ethereum and many others. It is easy for newcomers to use the site thanks to the user-friendly user interface.
Coin base: Users of the well-known cryptocurrency exchange platform Coinbase can buy, sell and trade several different digital assets. Headquartered in San Francisco, California, it was established in 2012. For traders, it provides a variety of features, such as spot trading, margin trading, and Coinbase Pro.
Mexico: Popular cryptocurrency exchange platform MEXC Exchange was established in 2018. For traders, it provides a variety of features including spot trading, margin trading and complex order types. In addition, it provides MEXC, its native token, which can be used to pay trading fees and get discounts on trading fees.
Crypto.com: Users can buy, sell and trade digital assets on the cryptocurrency trading platform known as Crypto.com Exchange, which was introduced in 2019. Along with 270 additional coins and 507 trading pairs, it also provides its native token, CRO, for users to trade with. Trading fees are paid with CRO, while trading fee rebates are obtained using CRO.
KuCoin: KuCoin is a Hong Kong-based cryptocurrency exchange platform that was established in 2017. Up to 757 currencies and 1326 trading pairs are among the many digital assets that users can buy, sell and trade using this platform. Trading tools on the platform include spot trading, margin trading and futures trading.
eToro: At eToro you can find a cryptocurrency exchange with over 30 different cryptocurrencies that you can trade in addition to an online brokerage platform with a wide selection of stocks and ETFs.
Bit stamp: The finest cryptocurrency exchange is Bitstamp, which provides convenient and straightforward market access via its online platform, mobile app and APIs. In the CryptoCompare Exchange Benchmark Study, Bitstamp received an AA rating as the top-rated cryptocurrency exchange due to its strong emphasis on security, transparency and regulation.
