- Crypto exchanges from all over the world saw a massive surge on several cryptos like Bitcoin.
- According to a survey on August 16, the global cryptocurrency market cap increased by 1.57%.
- At present, Binance is the top crypto exchange in the world.
It is impossible for a trader to not use cryptocurrency exchanges when trading, buying or selling cryptos. For the most part, it is the centre of investing in crypto.
Based on a survey made last August 16, Monday, the volume of traded crypto coins increased in renowned crypto exchanges. With this, traders from all over the world get to choose their most trusted crypto exchange for their trading activities.
According to the 24h volume in the world on the said date, these are the top cryptocurrency exchanges:
Binance is leading the exchanges with a total of $25.54 billion, followed by Tokocrypto with $18.07 billion, and Upbit with $8.14 billion at second and third positions respectively. Other crypto exchanges like OKex, Huobi Global, ZG.com, Bitwell, HitBTC, Bitcoin.com Exchange, and Changelly PRO complete the top 10.
Crypto exchanges play a vital role in crypto trading. The volume gathered by an exchange over a period of time reflects the number of traders that trust that certain exchange with their dealings. In other words, the larger the volume, the better. It means more traders consider these exchanges to use.
Important note: This survey shows the global 24h volume last August 16. Hence, possibly, the volumes already changed along with the list by the time of writing.