Cryptocurrency Exchanges

    What is Cryptocurrency Exchange?

    A cryptocurrency exchange or a digital currency exchange is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. A cryptocurrency exchange can be a market maker that typically takes the bid-ask spreads as a transaction commission for is service or, as a matching platform, simply charges fees.


    Coinbase Pro was one of the early cryptocurrency exchange platform, founded in 2012, based in San Francisco, with a valuation of around $1 billion. Coinbase Pro helps enable withdraw and deposit funds easily. It offers competitive fees, advanced trading features, and deposit options. IT is insured by the New York Stock Exchange and Andresseen Horowitz.

    Binance is the world’s biggest cryptocurrency exchange which works like an ecosystem, comprising of an exchange, wallet, Labs, Charity info, etc as stated by the CEO- Changpeng Zhao. Binance has its own coin called Binancecoin(BNB) which comes with a discount when there is a crypto-to-crypto payment. Binance supports over 130 tradeable cryptocurrencies and is one of the best exchanges to buy cryptocurrencies. Binance is known to have one of the best cryptocurrency exchange apps.

    BitMex is one of the premier Bitcoin exchange platforms across the world, based out of Hong Kong. As the name suggests, BitMex( Bitcoin Mercantile Exchange) is a trading platform for Bitcoin, the largest cryptocurrency by market capitalization. There have been reports that BitMex has had experienced over 2 billion USD transactions that have happened in 24 hours.

    OKEx is one of the most popular cryptocurrencies supporting more than 145 cryptocurrencies, based out of Hong Kong. They even have their own cryptocurrency- OKB. OKEx has about 0.02% to 0.2% maker and taker fee.OKEx is not far behind when it comes to trading per day, it has experienced around $1.5 million in bitcoin futures every day.IT is one of the trusted global cryptocurrency exchange.

    Kraken, founded in 2011 by Jesse Powell, is one of the largest bitcoin exchanges for its popular section of fiat currency exchange including Euro, Yen, USD, pound, etc. Kraken is partnered with the first cryptocurrency bank in the world. It supports over 17 cryptocurrencies with a maker and taker fee of 0% to 0.26%. Kraken even provides bitcoin pricing to Bloomberg terminal.

    Another cryptocurrency exchange, which still hasn’t laid their foundation on the United States is Huobi, which was founded in China and boasts of supporting around 250 cryptocurrencies. Huobi has 2 different versions- Huobi OTC( that allows trading of cryptocurrencies with fiat currencies at zero fees) and Huobi Pro( that is for advanced trading capabilities). Huobi is coming up with a cryptocurrency exchange-traded fund(ETF) to be named HB10.

    Bitfinex was started in 2012 and is based out of Hong Kong, offering the most liquid order, which allows easy exchange with minimal slippage. Bitfinex enables the users to trade up to 3.3x leverage by getting funds from peer margin platform. The margin funding market of Bitfinex helps you earn interest in digital and fiat assets. The users can also auto-renew the offers, even if it gets expired. The best part is that Bitfinex lets you have the set-up done according to your needs or preferences.

    Bittrex is an US-based cryptocurrency exchange based in Seattle, Washington where security is the most unique factor, that makes it one of the best cryptocurrency exchanges in 2019. There are more than 190 cryptocurrencies enlisted out there, without around 284 unique pairings. Bittrex charges flat 0.25% of each and every trade. Bittrex can process trades as soon as it happens as it was built using elastic computing.