In this piece, we will take a look at the five best cryptocurrency trading platforms in 2023. For more cryptocurrency trading platforms, head on over to 15 Best Cryptocurrency Trading Platforms in 2023.
5. MEXC
Latest Liquidity Score: 687
MEXC is headquartered in Seychelles and was set up in 2018. The exchange has a license to operate in the U.S., alongside other countries such as Australia, Canada, and Switzerland. The exchange supports major cryptocurrencies including Bitcoin and Ethereum, and it charges making and taking fees of 0.2%. Additionally, MEXC has $969 million in total assets and often sees its daily trading volumes cross a billion dollars. The bulk of its tokens is held as USDT and MX.
4. Binance.US
Latest Liquidity Score: 702
Binance.US is the American division of the world’s largest cryptocurrency exchange, Binance. The exchange is headquartered in Palo Alto, California. The residents of Hawaii, New York, and Vermont cannot access its services. Binance.US supports major cryptocurrencies such as Ethereum and Bitcoin, and it offers Tier 1 trades free of cost. It also supports a host of different cryptocurrency pairs such as BTC/USD, BTC/USDT, ETH/USD, and ETH/USDT.
3. Coinbase Exchange
Latest Liquidity Score: 763
Coinbase Exchange is one of the oldest exchanges in the market since it was set up in 2012. The exchange is currently based in San Francisco, California. The exchange charges fiat deposit fees and also fees for making and taking depending on the volume traded daily. It is also one of the largest exchanges in the world in terms of total volume traded daily, which often crosses a whopping $2 billion. Coinbase Exchange also offers users the ability to set up digital wallets, withdraw their funds to PayPal and conduct other basic transactions. It is also one of the few companies with a fully remote employee base.
2. Kraken
Latest Liquidity Score: 768
Kraken is an American exchange that is headquartered in San Francisco, California. It was set up in 2011 and its founder has a decades long familiarity with the cryptocurrency sector. Kraken supports more than a hundred different digital currencies such as Bitcoin and Ethereum. The exchange charges a minimum of 0.9% in transaction fees and it also supports seven fiat currencies including the U.S. Dollar, the British Pound, Euro, the Swiss Franc, and the Australian Dollar. Additionally, it also offers margin trading, spot trading, futures, and other financial products.
1. Binance
Latest Liquidity Score: 913
Binance is one of the most well known and largest cryptocurrency exchanges in the world. It has a whopping $73 billion in assets along with tens of billions of dollars of daily trading volumes. Despite its heft, Binance is a relatively young cryptocurrency exchange, since it was set up in 2017. More than a quarter of Binance’s token allocation is in USDT, with the second largest chunk going to Bitcoin. Additionally, the exchange does not charge any fees for Bitcoin spot trading but has a 0.10% maker and taker fee for other pairs.
Disclosure: None. You can also take a look at 10 High Growth Low Dividend Stocks to Buy and 15 Most Promising Long-Term Stocks According to Analysts.
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