Crypto exchanges are becoming more popular as the value of cryptocurrencies continues to increase. The top crypto exchanges by volume offer insight into which ones you should use for your crypto trading needs – take a look at the list we have compiled for you!
One thing worth noting?
Most beginner traders will need an account with one or two platforms to make their first trades; however, there needs to be a set rule book on how many different accounts someone should have (or even what those numbers mean).
The Top Crypto Exchanges by Volume
| Crypto Exchange Name | Volume |
| Binance | $19,215,886,432 |
| Coinbase Exchange | $2,563,196,389 |
| Kraken | $924,993,244 |
| Binance.US | $392,239,483 |
| KuCoin | $815,743,969 |
| Bitfinex | $243,887,331 |
| Huobi Global | $541,170,586 |
| Gemini | $88,958,059 |
| Bitstamp | $197,570,811 |
| Coincheck | $93,048,154 |
| Bybit | $1,152,073,807 |
| OKX | $1,508,484,590 |
| BitFlyer | $99,858,750 |
| Bithumb | $375,920,821 |
| Gate.io | $919,728,927 |
| Crypto.com Exchange | $591,758,543 |
| LBank | $1,414,138,295 |
| Bitget | $537,584,054 |
| BKEX | $773,871,262 |
| Binance TR | $257,903,147 |
How to Determine the Volume of an Exchange
It is essential to know how to calculate the volume of a Crypto exchange for two reasons. First, it can give you an indication of the market’s liquidity. Second, it can help you assess the fees you will be charged for trading.
The volume of a Crypto exchange is calculated by multiplying the number of Bitcoins traded by the price of each Bitcoin.
For example, if 100 Bitcoins are traded for $10,000 each, the total volume would be $1,000,000. To calculate the fees that you will be charged for trading, you need to know the market volume in which you will be trading.
You can find this information by searching for the “volume” tab on a Crypto exchange website. Once you have found this tab, please enter the number of Bitcoins you want to trade and multiply it by the current price to get the total volume. Finally, divide this number by 1000 to get your fee in Bitcoin.
Did you know: If you wanted to trade 100 Bitcoins for $10,000 each, your fee would be 0.1% or 1/1000th of the total volume. It means that your fee would be $100. In a nutshell, the main thing to know is how to calculate the volume of a Crypto exchange to assess both liquidity and fees.
Factors that Affect an Exchange’s Volume
A cryptocurrency exchange is a crypto trading platform where people can buy and sell cryptocurrencies. The volume of an exchange is the amount of cryptocurrency that changes hands over a given period.
Several factors can affect an exchange’s volume, including the number of active users, the trading pairs offered, and the listing fees.
Market Activity
The most important factor, however, is overall market activity. When the overall market is active, more people will be trading on exchanges, and the volumes will be higher. Conversely, when the market is inactive, volumes will be lower. It makes sense intuitively – if more buyers and sellers are in the market, more trades will occur.- Other factors, such as listing fees and trading pairs offered, can also impact an exchange’s volume, but they are generally less important than overall market activity.
The Benefits of Being a High-Volume Exchange
There are many benefits of being a high-volume crypto exchange.
● First and foremost, you get to offer your users a unique and convenient service.
● You can offer them low transaction fees.
● Get one of the first exchanges to offer new coins and tokens.
● You get to offer your users a highly secure and user-friendly platform.
These factors make high-volume crypto exchanges attract users and investors.
How to Become a High-Volume Exchange
Establishing relationships with large-scale market makers and liquidity providers would be best. These relationships will ensure a constant supply of capital to match customer demand.
Moreover, the exchange must have robust anti-money laundering (AML) and know-your-customer (KYC) procedures. These procedures will help to prevent illegal activities from taking place on the platform.
The exchange must have the infrastructure to handle a high volume of trade. It includes having sufficient server capacity and an experienced team of developers who can rapidly respond to issues.
By following these steps, exchanges can position themselves to become high-volume trading platforms that meet the needs of both institutional and retail investors.
Check out 10 Best Crypto Exchanges listed by Forbes.
The Future of Crypto Exchanges
In the past decade, crypto exchanges have become increasingly important in the digital economy. These platforms provide a convenient way for users to buy and sell cryptocurrencies and have become a key source of market liquidity. However, the future of crypto exchanges is still being determined.
In recent years, there have been several high-profile hacks and thefts, leading to concerns about the security of these platforms.
Additionally, many exchanges are unregulated, which could create problems down the road. Despite these challenges, crypto exchanges will continue to play a significant role in the digital economy.
As more people adopt cryptocurrencies, these platforms will become even more essential. With that in mind, users should carefully consider the risks before exchanging.
The Final Verdict
Crypto exchange is a great way to start and grow. There are plenty of options in the market when we are talking about the top crypto exchanges by volume; their benefits vary depending on what you are looking for.
You need to pick the best option with a high-volume, easy-to-use platform with low charges, which gives you the most benefits, and you can make a lot of money through it.
