The 3 best cryptocurrency exchanges to consider in 2022

Top 3 cryptocurrency exchanges to consider in 2022 - cryptoexchanges2Here are the top 3 cryptocurrency exchanges to watch this year.

3. FTX

This exchange is arguably the fastest growing one, as it has grown its monthly average website visit to over 23 million despite being around for just three years. Founded in May 2019, FTX also boasts one of the world's third largest cryptocurrency exchanges based on 24-hour volume, as it averages over $ 18 billion in daily trading volume.

Additionally, in addition to offering an easy-to-navigate user interface, FTX offers its visitors a full suite of DeFi features such as futures, spot trading, leveraged tokens, and so on. 

So far, FTX has built a large cryptocurrency portfolio, as it currently offers support for more than 300 crypto assets. Likewise, it beats the likes of Coinbase and Binance to the top tier to accommodate the largest number of pegged fiat currencies at a low of 11. 

In addition to cryptocurrency trading, FTX also has a dedicated NFT marketplace where merchants can collect, buy, sell and explore the entire world of digital arts. It has managed to live up to its mantra of being the “go-to-market for the crypto derivatives exchange”. Plus, by charging an exchange fee as low as 0,05%, FTX is a perfect option for both newbies and pro-traders.

2 Coinbase

In second place on this list is Coinbase, which was founded in San Francisco in 2012. It is arguably the largest cryptocurrency exchange in the United States, boasting an average of over 100 million monthly visitors. Currently, it represents a quarterly trading volume of $ 547 billion and a daily trading volume of approximately $ 5 billion.

With a clean and easy-to-navigate user interface, Coinbase offers a seamless onboarding process for new users and, most importantly, a seamless trading approach for newbies. 

Coinbase positions itself as the simplest platform to buy and trade cryptocurrencies because it combines both centralized and decentralized capabilities in one place. Additionally, as it is licensed and protected by US regulators and FDIC insurance plans, it instills a sense of calm and confidence in its end users, who are spread across over 100 countries around the world.

The downside to Coinbase, however, is its high trading fee, which starts at 1,49%, and is arguably the highest in the space. Additionally, while it offers support for more than 75 cryptocurrencies, Coinbase only accepts three fiat currencies. This particular exchange is perfect for those who use multiple exchanges, as it is possible to trade comfortably across all platforms.

1. Binance

As would be expected, Binance remains steadfast at the top, and has held this position for several years. The decentralized exchange was originally founded in China; however, due to increasing Chinese government regulation, it has moved its headquarters to an yet to be disclosed location. 

Currently, it offers various trading features including derivatives, stakes, liquidity farming, crypto lending and so on. Furthermore, just like FTX, the exchange platform also allows its users to access a dedicated NFT market where they can mint, collect and exchange digital art collections.

While it has more than 250 million monthly visitors, Binance boasts the highest daily trading volume, estimated at $ 104 billion, accounting for more than half of the cryptocurrency market's overall daily trading volume, estimated at just over 200 billion. dollars.

Not only that, but the exchange also supports the largest number of crypto assets, with over 370 crypto tokens and 46 supported fiat assets, respectively. If you need to do something in the DeFi ecosystem, Binance is a great place to start, especially as it has the lowest trading fee in the market, starting at just 0,10%.