According to info from coinmarketcap.com, you will find more than 4,900 cryptocurrencies in life now. They operate in over 20,000 markets, with over 300 registered cryptocurrency exchanges.
With all these platforms available where you can buy and sell electronic coins, so it’s easy to become stuck when choosing the very best market to start your cryptocurrency journey.
In this piece, I tried to compile a list of the top 50 trades in 2020 based on real trading volumes, availability in various geographical locations, liquidity, market quality, and team/management supporting the platform.
Coinbase is one of the oldest crypto exchanges, using launched operations in May 2014. But over time, the stage has built a solid reputation over the crypto market, which has been aided by a strong group, superb security, and excellent services. The exchange is active in 54 markets using a trading volume of $141 million over the previous 24 hours.
Coinbase operates under two different brands; Coinbase and GDAX. Coinbase targets retail consumers that want to purchase BTC with fiat currencies, whereas GDAX is its more advanced trading platform.
Coinsbit is one of the world’s largest crypto exchanges. Launched in August 2018 they attained, through their multipurpose referral program, second place concerning number of visits and third position in terms of registrations (1.3 million). The exchange’s throughput is 10k transactions per second, users are supported in 12 languages 24/7.
5. Bithumb Global
Launched in May 2019, Bithumb Global is the international platform of Bithumb Korea. Since launch, the platform has on-boarded more than a million users, according to Javier Sim, co-founder and managing director at Bithumb Global. Overall, it’s active in 124 markets with a trading volume of over $55 million over the past 24 hours.
6. The platform supports both cryptocurrencies and fiat. The platform is licensed by Japanese FSA, which is quite reassuring for users. It’s active in 127 markets with a trading volume of $153 million over the past 24 hours.
As old as cryptocurrencies themselves, Kraken was established in July 2011. Based in the USA, the platform has built a solid reputation over the years. Currently, it supports cryptocurrencies, derivatives, stable coins, tokens, and fiat. All in all, it’s active in over 121 markets with a trading volume of over $200 million over the past 24 hours.