Markets

Insider Trading

Hedge Funds

Retirement

Opinion

15 Biggest Cryptocurrency Exchanges in the World

In this article, we will discuss the 15 biggest cryptocurrency exchanges in the world. If you want to skip our detailed analysis of the cryptocurrency exchange platform industry, you can go directly to 5 Biggest Cryptocurrency Exchanges in the World.

Cryptocurrency exchanges are platforms that allow users to buy, sell, or trade digital assets in exchange for other assets, such as fiat currencies or other digital currencies. Cryptocurrency exchanges can be centralized, where there is an entity that manages the platform and holds the user’s assets, or decentralized, where the platform is run by the users themselves. Cryptocurrency exchanges typically charge a fee for each transaction and facilitate the buying, selling, or trading of digital assets such as Bitcoin, Ethereum, Litecoin, and others.

Crypto’s “Lehman Moment”

Sam Bankman-Fried is an MIT graduate, former billionaire, and former CEO of FTX, a cryptocurrency exchange based in the Bahamas that is now filing for bankruptcy. Sam Bankman-Fried founded FTX in 2019 and quickly grew it to one of the largest cryptocurrency exchanges in the world through strategic M&A and collaborations. The business was booming for FTX and the company had gained the attention of leading financial institutions including Blackrock, Tiger Global Management, and Sequoia Capital. FTX also engaged in aggressive marketing strategies and had celebrities including Tom Brady, Shaquille O’Neal, and Stephen Curry invest in and promote its platform.

On November 2, CoinDesk published an article that triggered a chain reaction, bringing FTX and Alameda Research to file for chapter 11. Alameda Research, also founded and led by Sam Bankman-Fried, is a quantitative cryptocurrency trading firm. According to the company’s balance sheet, Alameda Research had $14.6 billion worth of assets, a majority of which was FTT tokens. FTT tokens are minted by FTX, and compared to other cryptocurrencies, have little transparency which makes them difficult to track and regulate. When Alameda’s balance sheet was disclosed, on November 6, Changpeng Zhao, CEO of Binance, announced that Binance will sell all its FTT tokens. This caused the price of FTT to tank significantly and resulted in the insolvency of Alameda Research. On November 8, Binance announced that it would acquire FTX to pull it out of bankruptcy. However, on November 9, Binance backed out of the deal citing the mishandling of consumers’ funds by FTX to be the reason. On November 11, the Wall Street Journal reported that FTX used billions of dollars of clients’ funds to place risky bets via Alameda Research. Both FTX and Alameda Research have now filed for bankruptcy and the exchange’s implosion has wiped out $152 billion from the world’s 15 largest cryptocurrencies’ market value. The Financial Times has called this event “crypto’s Lehman moment”.

The Cryptocurrency Exchange Industry: An Analysis

According to a report by Grand View Research, the global cryptocurrency exchange industry was worth $30.18 billion in 2021. The industry is expected to reach a value of $37.07 billion by the end of 2022 and then grow to $264.32 billion by the end of 2030, registering a compound annual growth rate of 27.8% from 2022 to 2030.  This growth is primarily attributed to the rising acceptance and adoption of cryptocurrencies and non-fungible tokens (NFTs), which are expected to fuel the demand for cryptocurrency exchanges worldwide. Moreover, investments in the research and development of blockchain technology are expected to further advance the growth of the global cryptocurrency exchange platform industry.

End-use-wise, the commercial segment dominated the global cryptocurrency exchange market and held a 68.20% revenue share in 2021. This is attributed to the fact that a majority of financial institutions and businesses are becoming inclined towards offering crypto trading services on their own platforms and are exploring strategic collaborations with prominent cryptocurrency exchange platforms. Some of the top financial services companies that are prominent backers of blockchain technology and are exploring collaborations with cryptocurrency exchange platforms include Mastercard Incorporated (NYSE:MA), Visa Inc. (NYSE:V), and Paypal Holdings, Inc. (NASDAQ:PYPL). Moreover, the personal-use segment is expected to grow at the fastest compound annual growth rate through the forecasted period, due to an influx of crypto traders from emerging markets.

Region-wise, North America held the dominant market share and accounted for over 29% of the global cryptocurrency exchange market’s revenue in 2021. However, the APAC region is expected to grow at the fastest rate through the forecasted period due to the rising popularity and adoption of cryptocurrencies in emerging markets, for instance, China and India.

According to CoinMarketCap, as of November 23, 2022, there are over 21,000 cryptocurrencies in circulation that hold a total market capitalization of more than $824.8 billion and have a 24-hour trading volume of roughly $60.12 billion. Currently, there are more than 500 operational cryptocurrency exchanges. This article will discuss in detail some of the biggest cryptocurrency exchanges in the world.

Our Methodology

To determine the biggest cryptocurrency exchanges in the world, we reviewed industry analysis reports and identified prominent cryptocurrency exchange platforms. We then tallied our findings with CoinMarketCap’s cryptocurrency exchange rankings, which score cryptocurrency exchanges based on a variety of metrics including traffic, liquidity, and trading volumes. Moreover, CoinMarketCap also gives weight to the credibility of reported data from exchanges and assigns its own score to exchanges based on both quality and quantity metrics. We picked CoinMarketCap’s highest-scoring exchanges for this list and arranged them according to their 24-hour volumes, from least to most. Here is our list of the biggest cryptocurrency exchanges in the world, by volume, as of November 23, 2022.

15 Biggest Cryptocurrency Exchanges in the World

15. bitFlyer

Volume (24-Hours): $29.3 Million

bitFlyer is a Japanese Bitcoin and cryptocurrency exchange. It was founded in 2014 by Yuzo Kano. bitFlyer is among the largest Bitcoin exchanges in Japan, and one of the largest cryptocurrency exchanges in the world. bitFlyer has over 3 million users across the globe and had a global trading volume of EUR 180 billion in 2021. bitFlyer allows users to buy and sell Bitcoin, Ethereum, Litecoin, and other cryptocurrencies. The exchange also supports fiat currencies including JPY, USD, and EUR. It also offers a suite of cryptocurrency-related services, including a wallet and a prepaid debit card. The exchange’s 24-hour volume on November 23 was reported to be roughly $29.3 million.

14. Coincheck

Volume (24-Hours): $30.5 Million

Coincheck is a Japanese bitcoin exchange and one of the country’s leading cryptocurrency exchanges. The platform allows users to buy, sell, and trade a variety of digital assets, including Bitcoin, Ethereum, XRP, and SAND among others. Coincheck also offers a variety of services, such as a wallet service and a remittance service. Coincheck is ranked among the biggest cryptocurrency exchanges in the world and has roughly 1.62 million verified users across the globe. As of November 23, the exchange’s 24-hour trading volume sits at $30.5 million. Coincheck allows support for only JPY.

Some of the payment giants that are betting big on the future of blockchain technology and digital assets include Mastercard Incorporated (NYSE:MA), Visa Inc. (NYSE:V), and Paypal Holdings, Inc. (NASDAQ:PYPL).

13. Gemini

Volume (24-Hours): $33.3 Million

Gemini is a centralized digital asset exchange and custodian that allows customers to buy, sell, and store digital assets such as Bitcoin and Ethereum. Founded in 2014 by brothers Cameron and Tyler Winklevoss, Gemini is a regulated and licensed exchange that is available across the United States and in more than 60 countries. Gemini allows users to trade over 100 cryptocurrencies and offers support for 7 fiat currencies including GBP, USD, and EUR. The exchange has over 13 million users across the globe and is one of the biggest cryptocurrency exchanges in the world. As of November 23, Gemini has a 24-hour trading volume of $33.3 million.

12. Bitfinex

Volume (24-Hours): $145.4 Million

Bitfinex is a digital asset trading platform and one of the first professional platforms set up to accommodate the booming interest in cryptocurrency trading. Bitfinex was founded in 2012, initially as a Bitcoin trading exchange. Since then, Bitfinex has become the world’s largest and most advanced digital asset trading platform, offering users a suite of order types and trading features that are constantly being developed with the client’s needs in mind. The platform offers a variety of services including crypto trading, peer-to-peer margin trading, and OTC trading among others. As of November 23, Bitfinex has a 24-hour volume of $145.4 million and offers 174 crypto assets to trade on its platform. Bitfinex is ranked among the largest cryptocurrency exchanges in the world.

11. Bitstamp

Volume (24-Hours): $175.4 Million

Bitstamp is a cryptocurrency exchange based in Luxembourg. It was founded in 2011 by Nejc Kodrič and Damijan Merlak. Bitstamp is one of the oldest bitcoin exchanges. The platform allows users to buy and sell bitcoins using various fiat currencies including USD, EUR, and GBP, as well as other cryptocurrencies. The platform offers support for over 70 cryptocurrencies. The platform has roughly 4 million users across the globe and is one of the biggest cryptocurrency exchanges in the world with a prominent presence in over 100 countries. As of November 23, Bitstamp has a 24-hour trading volume of $175.4 million.

10. Binance.US

Volume (24-Hours): $274.4 Million

Binance.US is a cryptocurrency exchange that was launched in 2019 due to regulations that restricted Binance in the United States. The company is headquartered in Palo Alto, California. Binance.US allows users to trade cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and others, with US dollars. The platform is designed to provide a fast, secure, and reliable experience for advanced and beginner traders. Binance.US is a part of the larger Binance ecosystem, which includes the world’s largest cryptocurrency exchange by trading volume. As of November 23, the platform has a 24-hour trading volume of $274.4 million and is one of the largest cryptocurrency exchanges in the world.

9. Bybit

Volume (24-Hours): $513.9 Million

Bybit is a centralized cryptocurrency trading platform that offers over 100 cryptocurrencies to trade including Bitcoin, Ethereum, and Litecoin. The company is headquartered in Singapore and was founded in 2018. Bybit has a user base of over 10 million users and offers contracts across Spot and crypto derivatives like Futures and Options, launchpad projects, earn products, and an NFT Marketplace among others. Bybit is one of the largest cryptocurrency exchange platforms in the world and has a 24-hour trading volume of $513.9 million, as of November 23.

8. Bitget

Volume (24-Hours): $549.3 Million

Bitget is a digital asset trading platform launched in 2018. The platform offers spot and margin trading for a variety of digital assets including Bitcoin, Ethereum, Litecoin, and more. Bitget also offers a variety of tools and features for traders including a mobile app, advanced charting, and more. Bitget has over 2 million verified users across the globe and is ranked among the biggest cryptocurrency exchange platforms in the world. As of November 23, the platform has a 24-hour trading volume of $549.3 million and offers over 390 cryptocurrencies to trade.

7. KuCoin

Volume (24-Hours): $556.2 Million

KuCoin was founded in 2017 in Victoria, Seychelles, and offers users a convenient and easy-to-use platform to buy and sell digital assets. KuCoin also provides a mobile app for trading on the go. KuCoin has a wide range of digital assets available for trading, including Bitcoin, Ethereum, Litecoin, and a variety of altcoins. The exchange offers over 760 digital assets to trade and also provides a variety of unique features, such as a built-in wallet and a news aggregator. KuCoin is one of the most user-friendly exchanges in the market, and its customer service is excellent. The platform has over 20 million users across the globe and is ranked high among the largest cryptocurrency exchange platforms in the world, with a 24-hour volume of $556.2 million, as of November 23.

6. Kraken

Volume (24-Hours): $774.3 Million

Kraken is a US-based cryptocurrency exchange, founded in 2011. The exchange offers a wide variety of digital assets to trade, including Bitcoin, Ethereum, Litecoin, and Ripple, among other digital tokens. Kraken is one of the oldest and most well-known cryptocurrency exchanges in operation today. The exchange is known for its low fees, advanced trading features, and security. As of November 23, Kraken has a 24-hour trading volume of $774.3 million and is ranked among the biggest cryptocurrency exchanges in the world. The platform has more than 9 million users.

Prominent backers of blockchain and cryptocurrencies include Mastercard Incorporated (NYSE:MA), Visa Inc. (NYSE:V), and Paypal Holdings, Inc. (NASDAQ:PYPL).

Click to continue reading and see 5 Biggest Cryptocurrency Exchanges in the World.

Suggested articles:

Disclosure: None. 15 Biggest Cryptocurrency Exchanges in the World is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…