Top Crypto Exchanges of 2024: Best Platforms for Traders

Best Growing Crypto Exchanges of 2024

As cryptocurrencies go mainstream, there has been an emergence of many crypto exchanges, all with distinct characteristics. A crypto exchange is a platform where people can trade one digital currency for another or for fiat currencies. Selecting the right exchange is essential for an investment, and the factors that define the exchange are security, good interfaces, low fees, exchange that supports more cryptocurrencies, and high volume.

This blog will discuss the growing and best crypto exchanges of the year 2024 and their key services to assist new and experienced traders in the selection of the most suitable platform.

BICONOMY EXCHANGE 

Biconomy is the most emerging crypto exchange across the globe that offers professional and secure trading services to 500 million registered cryptocurrency traders according to Coinmarketcap data. It established on Oct 01, 2019, and it has 184 coins/tokens listed for trading.

Biconomy has a CMC rating of 5.7 and at the time of writing its 24-hour trading volume was $1.04 billion Billion and had an average liquidity of 722. Biconomy supports more than 184 coins and has a massive 2,612,444 weekly visits. Moreover, it allows users to trade with fiat currencies like AED, AUD, BRL, and more.

Lbank

LBank is a relatively new cryptocurrency exchange that has approximately 9 million of userbase and accepts clients from more than 200 countries. It was started in June 2015 and lets people trade cryptocurrencies such as Bitcoin and Ethereum for more than 149 fiat currencies with more than 20 payment options.

LBank is one of the top-rated crypto exchanges with a CMC rating of 6.5 making it the most trustworthy crypto exchange globally. At the press time of writing its 24-hour trading volume was $1.70 billion Billion and had an average liquidity of 638. LBank supports more than 500 coins/tokens and has a whopping 2,819,730 weekly visits. Moreover, it allows users to trade with fiat currencies like EUR, USD, CAD, and more.

Weex

WEEX Exchange or WEEX INTERNATIONAL EXCHANGE LTD is a trustworthy trading platform that was established in 2018 with $100 million in capital from a Singaporean blockchain investment company. The platform is capable of fulfilling various trading needs and offers such services as spot trading, futures trading, OTC trading, and copy trading.

Weex is one of the popular crypto exchanges with a CMC rating of 5.6 gained attention because of its varity of services and user-friendly interface. At the press time of writing its 24-hour trading volume was $1.11 Billion and had an average liquidity of 628. Weex supports more than 385 coins/tokens and has a whopping 3,579,235 weekly visits. Moreover, it allows users to trade with fiat currencies like ARS, HKD, PHP, and more.

Okx

OKX is a well-known international firm that offers exchange services and Web3 solutions. It has other regional offices in Hong Kong, Singapore, UAE, Silicon Valley, and the Bahamas. The trading pairs available on the exchange platform are spot and simple options and derivatives such as margin trading, futures, perpetual swaps, and options. OKX formerly known as OKEx, is owned by the OK Group and was founded by Mingxing “Star” Xu in China in 2013.

Currently, OKX holds the third position globally, with a notable score of 7.8. The platform boasts a significant trading volume of $1.98 billion and an average liquidity level of 615. Furthermore, it receives an impressive 5,832,563 weekly visits and supports a wide range of 319 coins. OKX facilitates trading with various fiat currencies, including AED, ARS, AUD, and 43 other fiat currencies.

Bybit

Bybit is a relatively a most trusted cryptocurrency centralized exchange (CEX) that has a proficient interface with an ultra-fast matching engine and excellent support. Bybit was established in March 2018 by Ben Zhou as the CEO and has grown its user base to over 30 million traders worldwide.

The exchange holds a strong reputation, scoring 7.6 out of 10 and boasting a substantial trading volume of $4.87 billion, with an average liquidity of 639. With 6,518,205 weekly visits, Bybit supports trading for 668 different coins and allows users to trade with USD, EUR, GBP, and 3 other fiat currencies.

Conclusion

The market has witnessed the emergence of different exchanges with different characteristics. Some of the most popular exchanges include Biconomy, LBank, Weex, OKX, and Bybit due to their security, easy-to-use interface, low trading fees, and high levels of trading volume. These platforms accept multiple cryptocurrencies and fiat currencies and are suitable for both new and professional traders. This guide focuses on the best exchanges of 2024, which can guide the users in the ever-evolving world of cryptocurrencies.

Also Read: Telegram Makes Web3 Accessible to Nearly One Billion Users