CoinMarketCap ranks and scores exchanges based on multiple factors including traffic, liquidity, trading volume, and confidence in the reported volume accuracy. Below is a detailed breakdown of the top crypto exchanges by trading volume and key metrics:
Top 10 Cryptocurrency Exchanges (24h Trading Volume)
| Rank | Exchange | 24h Trading Volume (¥) | Avg. Liquidity | Weekly Visits | Markets | Coins | Fiat Support |
|---|---|---|---|---|---|---|---|
| 1 | Binance | ¥90,775,963,504 | 937 | 9,670,577 | 1999 | 517 | EUR, GBP, BRL +8 more |
| 2 | Bybit | ¥20,041,206,849 | 723 | 3,482,817 | 1218 | 732 | USD, EUR, GBP +3 more |
| 3 | Coinbase Exchange | ¥11,892,085,328 | 783 | 28,065 | 443 | 297 | USD, EUR, GBP |
| 4 | Upbit | ¥13,711,759,468 | 501 | 1,376,787 | 517 | 256 | KRW |
| 5 | OKX | ¥14,108,095,299 | 795 | 5,375,038 | 1037 | 343 | AED, ARS, AUD +43 more |
| 6 | Bitget | ¥22,802,431,564 | 717 | 3,396,230 | 1303 | 751 | USD, EUR, GBP +12 more |
| 7 | MEXC | ¥19,775,606,946 | 649 | 7,091,839 | 2996 | 1984 | EUR, USD, GBP +12 more |
| 8 | Gate | ¥17,137,607,030 | 619 | 3,235,678 | 2821 | 2062 | EUR, USD, GBP +19 more |
| 9 | KuCoin | ¥7,197,842,262 | 732 | 2,426,054 | 1615 | 1000 | USD, AED, ARS +45 more |
| 10 | HTX | ¥16,485,938,782 | 488 | 5,998,701 | 943 | 715 | ALL, AUD, BRL +47 more |
Key Metrics Explained
- Trading Volume: Reflects the total value of trades executed in 24 hours.
- Liquidity: Measures how easily assets can be bought/sold without price slippage.
- Fiat Support: Indicates which fiat currencies (e.g., USD, EUR) the exchange supports for deposits/withdrawals.
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How CoinMarketCap Ranks Exchanges
CoinMarketCap evaluates exchanges using a weighted scoring model that prioritizes:
- Volume Confidence: Adjusted for potential wash trading.
- Web Traffic: Validated via third-party analytics.
- Liquidity Depth: Order book density across major trading pairs.
Emerging Exchanges to Watch
While the top 10 dominate trading volume, these platforms are gaining traction:
- Crypto.com Exchange
- Kraken
- Bitfinex
- BingX
FAQ
1. Which exchange has the highest liquidity?
Binance leads with an average liquidity score of 937, followed by OKX (795) and Coinbase (783).
2. Can I trade fiat currencies on these exchanges?
Yes! Most top exchanges support multiple fiat options, including USD, EUR, and GBP. For example, OKX supports 43+ fiat currencies.
3. How often is this ranking updated?
CoinMarketCap refreshes data daily to reflect real-time market activity.
4. What’s the safest exchange for beginners?
Coinbase and Binance are recommended for their user-friendly interfaces and robust security measures.
👉 Start trading securely today with a platform trusted by millions.
Final Tips for Choosing an Exchange
- Prioritize liquidity to avoid slippage in volatile markets.
- Check fiat support if you plan to deposit traditional currency.
- Review fee structures—some exchanges offer zero-fee spot trading.
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### Notes:
1. **SEO Optimization**: Integrated keywords like "top crypto exchanges," "trading volume," and "liquidity" naturally.
2. **Anchor Texts**: Added 2 engaging CTAs linking to OKX.