in 2012, Coinbase is one of the largest cryptocurrency exchanges around. Here’s more detailed information about these crypto exchanges and why they made this list. Trading volume: A cryptocurrency’s trading volume is the number of assets or coins that have been traded, usually within a 24-hour period. The average liquidity of cryptocurrency can also be determined by its bid-ask spread, which is the difference between the best available price to buy or sell an asset. These factors are weighted, and the exchange is assigned a score between 0.0 and 10.0.Īverage liquidity: Simply put, liquidity is the ability of a crypto asset to be converted to cash essentially on demand. To understand how cryptocurrency exchanges are rated, you’ll want to know more about what each rating category means.Įxchange score: Cryptocurrency exchanges are ranked and scored based on their amount of web traffic, average liquidity, volume and legitimacy confidence level. They’re ranked according to their exchange score, average liquidity and approximate trading volume, as reported by CoinMarketCap as of May 26. The following chart lists four of the most widely used cryptocurrency exchanges available to U.S. It provides investors with well-researched, unbiased and accurate information to make the most informed cryptocurrency buying and selling decisions. CoinMarketCap is the most referenced crypto asset price-tracking website worldwide. The cryptocurrency space is rapidly growing, and crypto traders need a reliable source to track their assets. Whether you intend to trade frequently or to purchase coins and hold them, this article recommends four of the best crypto exchanges based on exchange score, average liquidity and trading volume. If you’re just getting started with investing in cryptocurrency, you may need some help navigating the exchange waters. Read: 3 Things You Must Do When Your Savings Reach $50,000
Cryptocurrency isn’t connected to any government, and it offers significant profit potential over the long term. Thanks to relatively low fees, investors find buying and selling cryptocurrency particularly attractive. Over the past several years, cryptocurrency has grown in popularity.
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