BeInCrypto takes a look at the 10 best exchange platforms to watch in 2021.
The list features centralized, decentralized and derivative exchanges.
A diversified offer for all cryptocurrency enthusiasts
Cryptocurrency markets are currently very turbulent and traders are looking to profit from the volatility of these assets. What are the main exchanges to consider in 2021? In this article, Bitcoin Champion review the top 10 best cryptocurrency trading platforms .
As the rise in digital assets sees more and more new traders seize the opportunity, the common question becomes: „Where to buy bitcoin (BTC)?“ While cryptocurrency traders and investors know where to go, newbies usually have no idea of the buying process.
Considering centralized, derivative and decentralized (DEX) platforms, we take a look at the various platforms that are worth watching in the future.
Founded in 2015, Changelly is a no deposit required platform known for buying or selling cryptocurrency without user funds necessarily being on an exchange.
With an offer of over 150 cryptocurrencies, users can buy and sell digital currencies through the Changelly site or through their mobile app available on Android and iOS.
Changelly also has over a million visitors per month. With fast transactions, 24/7 live support and a reputation spanning more than six years, Changelly is a platform you can trust, and available when needed.
Crypto.com is a centralized platform well known for launching an Initial Coin Offering (ICO) in 2017. The project has since been renamed from Monaco to Crypto.com, with the company spending $ 12 million for the name domain under which it now operates.
The project has come a long way from its ICO, now offering an exchange platform, a debit card service, a crypto-payments solution, as well as a decentralized financing ( DeFi ) wallet . Crypto.com is now responsible for around $ 284 million in daily transaction volume and offers a mobile app for iOS and Android to manage user funds for redemption or card spending.
New to the list, Stormgain recently gained popularity for its leveraged option trading platform . Stormgain currently has over 120,000 users in over 100 countries. Users have the ability to trade, and store eight of the major cryptocurrencies. The project allows users to buy crypto using a credit card or wire transfer.
Stormgain is best known for trading with 200x leverage, for risk lovers. The exchange also includes a mobile app for Android, iOS and Huawei
Well known as a “social” trading and multi-asset brokerage platform , eToro has finally dabbled in cryptocurrency and now even offers a specialist crypto exchange in the form of eToroX .
eToroX offers cryptocurrency services for professional traders. The platform currently brings in over $ 467 million in daily volume on eToroX.
eToro is well known as the world’s leading social trading platform . Let’s keep an eye on this platform in 2021.
Known as one of the oldest cryptocurrency exchanges, Bittrex is well known for being the most popular exchange platform in early 2017, before bitcoin’s dramatic rise to $ 20,000. Bittrex was unfortunately unable to handle the influx of new traders, and Binance stepped in to take market share.
Bittrex offers a huge range of cryptocurrencies, with around 315 different assets to trade. The exchange is also available on iOS and Android.
FTX is a relatively new platform on the market. However, the company is experiencing constant growth. The platform currently generates around $ 7 billion in daily trading volume . It focuses on derivatives trading and is rapidly gaining popularity. Billed as a cryptocurrency exchange built by traders and for traders, the company is making a big mark for 2021.
FTX currently offers derivatives, spot trading, market forecasting and volatility, and has even recently added various exchanges to its trading platform. It also offers an over-the-counter (OTC) service for professionals who need liquidity quickly, at no cost and with tight spreads. FTX also offers a well-designed mobile application for all platforms.
Arguably the most popular exchange in North America, Coinbase was founded in 2012. Being one of the oldest exchanges on the list, Coinbase has more than 43 million verified users in 100 countries.
The company currently generates more than $ 5.7 billion in daily volume . With over 44 cryptocurrencies, the exchange has remained a vital gateway for Americans to access the cryptocurrency space. Coinbase offers fiat gateways for ease of use. In addition, the exchange is guaranteed by insurance, which is quite convenient.
Following the rise of decentralized exchanges, SushiSwap is on the list as one of the popular exchanges to watch in 2021. With a daily volume of $ 446 million , the platform has grown in popularity as users seek to leave centralized exchanges.
SushiSwap also offers to save its cryptocurrencies, a way to earn returns in crypto. The craze for DeFi has certainly favored the new exchange, which seems to rival Uniswap.
Without a doubt the most popular platform in the world for trading , and derivatives. The Binance exchange rose to prominence during the cryptocurrency surge in 2017-18 and has grown steadily since.
Binance has a staggering daily volume of $ 27 billion . No other trading platform comes close to the volume generated by Binance. The company is well known for its ease of use.
The exchange offers several ways of investing, as well as over 275 cryptocurrencies to trade. Binance looks poised to remain the largest cryptocurrency exchange; thus, it will be necessary to keep an eye on it in the future.
Uniswap experienced the fastest growing in 2020. The world’s largest decentralized platform currently generates $ 1.2 billion in daily volume , more than three times the volume of the second decentralized exchange SushiSwap. This is quite impressive for an exchange which, over a year ago, was nowhere to be found.
Uniswap offers a simple decentralized platform, allowing users to exchange any ERC-20 token on the market with each other. One of the main drawbacks today is the ERC-20 transaction fees.
However, Uniswap is looking to improve its current offering by offering greater transparency, faster settlement and cheaper transactions. The exchange also gave 400 UNIs to existing users of the platform, and currently valued at around $ 9,000.
Uniswap will likely remain the decentralized exchange of choice, with its transactions accounting for 25% of all Ethereum Network (ETH) transactions at the time of writing.
The list includes a variety of platforms, all featuring dynamic offerings ranging from wallets, mobile apps , to centralized and decentralized platforms.
2021 looks like a huge year for the cryptocurrency industry. The platforms listed above will offer any crypto expert or newcomer to the market some of the best options for buying, trading, or holding cryptocurrency.