Cryptocurrency spot exchanges are platforms where users can buy, sell, and trade digital assets directly. The trading volume of an exchange, measured over a 24-hour period, is a key indicator of its activity and popularity. Based on data from CoinMarketCap, which ranks exchanges by traffic, liquidity, trading volumes, and confidence in reported volumes, this article highlights the top 10 crypto exchanges by 24-hour trading volume. Below is a detailed overview of the leading platforms, their trading volumes, and key features that make them stand out.
Top 10 Crypto Exchanges by 24-Hour Trading Volume
The following exchanges are ranked based on their 24-hour trading volume, reflecting their dominance in the crypto market. Each platform offers unique features, supported fiat currencies, and varying levels of liquidity and market diversity.
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Binance
- Trading Volume (24h): $12,437,969,932
- Average Liquidity: 912
- Weekly Visits: 9,399,435
- Markets: 1,999
- Coins: 519
- Fiat Supported: EUR, GBP, BRL, and 8 more
- Overview: Binance leads the pack with an unmatched trading volume, nearly six times higher than its closest competitor. Its extensive range of markets and coins, combined with high liquidity, makes it a top choice for traders globally. The platform supports multiple fiat currencies, enhancing accessibility for users worldwide.
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Bybit
- Trading Volume (24h): $2,263,154,893
- Average Liquidity: 716
- Weekly Visits: 3,427,103
- Markets: 1,228
- Coins: 736
- Fiat Supported: USD, EUR, GBP, and 3 more
- Overview: Bybit ranks second with a strong trading volume and a wide selection of coins. Its high liquidity ensures smooth trading, while support for major fiat currencies appeals to a broad audience. Bybit is known for its user-friendly interface and robust trading tools.
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Coinbase Exchange
- Trading Volume (24h): $1,471,637,880
- Average Liquidity: 759
- Weekly Visits: 27,905
- Markets: 438
- Coins: 298
- Fiat Supported: USD, EUR, GBP
- Overview: Coinbase Exchange is a trusted platform, particularly in the U.S., with solid liquidity and a focus on regulatory compliance. Although it has fewer markets and coins compared to others, its ease of use and fiat support make it ideal for beginners.
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Upbit
- Trading Volume (24h): $961,390,903
- Average Liquidity: 342
- Weekly Visits: 1,326,820
- Markets: 520
- Coins: 255
- Fiat Supported: KRW
- Overview: Upbit, primarily serving the South Korean market, has a lower trading volume but remains significant in its region. Its liquidity is moderate, and it supports only KRW, limiting its global reach but ensuring a strong local presence.
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OKX
- Trading Volume (24h): $1,473,068,361
- Average Liquidity: 761
- Weekly Visits: 5,315,049
- Markets: 1,037
- Coins: 340
- Fiat Supported: AED, ARS, AUD, and 43 more
- Overview: OKX offers high liquidity and extensive fiat support, making it a versatile choice for global traders. Its diverse market offerings and strong trading volume position it as a reliable platform.
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Bitget
- Trading Volume (24h): $2,034,454,465
- Average Liquidity: 640
- Weekly Visits: 3,086,946
- Markets: 1,308
- Coins: 753
- Fiat Supported: USD, EUR, GBP, and 12 more
- Overview: Bitget stands out with a large number of coins and markets, catering to traders seeking variety. Its trading volume and liquidity make it a competitive option for both new and experienced users.
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MEXC
- Trading Volume (24h): $2,714,678,613
- Average Liquidity: 612
- Weekly Visits: 6,897,671
- Markets: 3,003
- Coins: 1,997
- Fiat Supported: EUR, USD, GBP, and 12 more
- Overview: MEXC boasts the highest number of markets and coins among the top 10, appealing to traders looking for niche assets. Its high trading volume and weekly visits reflect its growing popularity.
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Gate
- Trading Volume (24h): $2,395,195,427
- Average Liquidity: 582
- Weekly Visits: 4,230,976
- Markets: 2,846
- Coins: 2,083
- Fiat Supported: EUR, USD, GBP, and 19 more
- Overview: Gate offers an impressive range of coins and markets, with strong trading volume. Its moderate liquidity and wide fiat support make it a flexible choice for diverse trading needs.
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KuCoin
- Trading Volume (24h): $1,236,757,324
- Average Liquidity: 747
- Weekly Visits: 2,574,066
- Markets: 1,625
- Coins: 1,005
- Fiat Supported: USD, AED, ARS, and 45 more
- Overview: KuCoin provides high liquidity and extensive fiat support, making it accessible to a global audience. Its large number of coins and markets caters to traders seeking variety.
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HTX
- Trading Volume (24h): $2,037,599,440
- Average Liquidity: 493
- Weekly Visits: 5,483,531
- Markets: 945
- Coins: 719
- Fiat Supported: ALL, AUD, BRL, and 47 more
- Overview: HTX rounds out the list with a solid trading volume and the broadest fiat support among the top 10. Its moderate liquidity and diverse coin offerings make it a dependable platform.
Key Factors to Consider When Choosing an Exchange
When selecting a crypto exchange, trading volume is just one factor. Here are other critical aspects to evaluate:
- Liquidity: Higher liquidity, as seen in Binance (912) and OKX (761), ensures smoother trades with minimal price slippage.
- Supported Coins and Markets: Platforms like MEXC (3,003 markets) and Gate (2,083 coins) offer more options for diversified trading.
- Fiat Support: Exchanges like HTX and KuCoin, with support for over 45 fiat currencies, are ideal for users trading with traditional money.
- User Traffic: High weekly visits, such as Binance’s 9.4 million, indicate trust and reliability in the platform.
- Regional Availability: Some exchanges, like Upbit, focus on specific regions (South Korea), which may limit their global appeal.