Best Growing Crypto Exchanges of 2024
As cryptocurrencies gain mainstream traction, numerous crypto exchanges have emerged, each with its own unique features. A cryptocurrency exchange is a platform where users can trade one digital currency for another or for traditional fiat currencies. Choosing the right exchange is crucial for investors, with key factors including security, user-friendly interfaces, low fees, support for a wide range of cryptocurrencies, and high trading volume.
In this blog, we will explore the top growing and best crypto exchanges of 2024, highlighting their key services to help both new and experienced traders select the most suitable platform.
Biconomy Exchange
Biconomy has rapidly become a prominent crypto exchange globally, providing professional and secure trading services to over 500 million registered users, according to CoinMarketCap data. Established on October 1, 2019, Biconomy offers trading for 184 different coins and tokens.
With a CoinMarketCap rating of 5.7, Biconomy has a 24-hour trading volume of $1.04 billion and an average liquidity score of 722. The exchange supports a diverse range of cryptocurrencies and sees over 2.6 million weekly visits. It also allows users to trade with various fiat currencies, including AED, AUD, BRL, and more.
LBank
LBank, a relatively new entrant in the cryptocurrency exchange market, has quickly built a user base of approximately 9 million, with clients from over 200 countries. Launched in June 2015, LBank enables trading of cryptocurrencies like Bitcoin and Ethereum against more than 149 fiat currencies, with over 20 payment options available.
LBank is highly rated, with a CoinMarketCap rating of 6.5, making it one of the most trustworthy exchanges globally. At the time of writing, LBank’s 24-hour trading volume stands at $1.70 billion, with an average liquidity of 638. The platform supports over 500 coins and tokens and garners nearly 2.8 million weekly visits. Users can trade with fiat currencies such as EUR, USD, CAD, and more.
Weex
Weex International Exchange Ltd, commonly known as Weex Exchange, is a well-established trading platform launched in 2018 with a capital investment of $100 million from a Singapore-based blockchain investment firm. The platform offers various services such as spot trading, futures trading, over-the-counter (OTC) trading, and copy trading.
Weex Exchange is known for its extensive offerings and easy-to-use interface, which have helped it gain a CoinMarketCap rating of 5.6. The platform handles a 24-hour trading volume of $1.11 billion and boasts an average liquidity score of 628. With support for over 385 coins and tokens, Weex attracts more than 3.5 million visits per week. Additionally, the exchange supports trading with several fiat currencies such as ARS, HKD, PHP, and more.
OKX
OKX is a well-established international firm offering exchange services and Web3 solutions, with regional offices in Hong Kong, Singapore, UAE, Silicon Valley, and the Bahamas. The platform supports a variety of trading pairs, including spot, simple options, and derivatives like margin trading, futures, perpetual swaps, and options. Founded by Mingxing “Star” Xu in China in 2013, OKX is owned by the OK Group.
OKX ranks as the third-largest global exchange with a commendable rating of 7.8. It handles a significant trading volume of $1.98 billion and maintains an average liquidity score of 615. The platform sees approximately 5.8 million visits weekly and supports trading in 319 different cryptocurrencies. Additionally, it accommodates transactions in various fiat currencies, including AED, ARS, AUD, among 43 others.
Bybit
Bybit is a highly trusted cryptocurrency centralized exchange (CEX) known for its proficient interface, ultra-fast matching engine, and excellent customer support. Established in March 2018 by CEO Ben Zhou, Bybit has grown its user base to over 30 million traders worldwide.
Bybit has built a solid reputation, earning a rating of 7.6 out of 10. It boasts a daily trading volume of $4.87 billion and an average liquidity score of 639. The platform attracts more than 6.5 million visits each week and offers trading for 668 various cryptocurrencies. Bybit also enables transactions with fiat currencies such as USD, EUR, GBP, and three additional options.
Conclusion
In 2024, the cryptocurrency market witnessed the emergence of several exchanges, each offering unique features to meet diverse trading requirements. Prominent platforms such as Biconomy, LBank, Weex, OKX, and Bybit are recognized for their robust security measures, intuitive user interfaces, low transaction fees, and substantial trading volumes. These exchanges accommodate a wide range of cryptocurrencies and fiat currencies, catering to both beginners and experienced traders. This guide is designed to offer a comprehensive overview of the top exchanges in 2024, empowering users to confidently navigate the dynamic cryptocurrency landscape.
