Cryptocurrency exchanges are where most cryptocurrency traders buy and sell bitcoin, ether, cardano and other types of cryptocurrency. Cryptocurrency exchanges make it very simple to trade all types of cryptocurrencies and tokens.
Cryptocurrency and bitcoin exchanges continue to evolve and expand, and some investors may want more advanced features, including the ability to earn interest, access more esoteric forms of cryptocurrencies, or buy, store, and view NFTs.
In this article, we will focus on the basics, highlighting the Top 10 Crypto Exchanges with the Most Token Options to Trade in 2023.
In this article, we will discuss:
What is a cryptocurrency exchange?
Cryptocurrency exchange is a platform where the crypto market user can buy and sell cryptocurrencies. In addition, exchange customers can exchange one cryptocurrency for another – converting Bitcoin to Ethereum, or to buy cryptocurrencies using common currency, or fiat currency such as the US dollar. Exchanges reflect the current market prices of the cryptocurrencies they offer. You can also convert cryptocurrency back to fiat currency like US Dollar or other currency on an exchange to leave as cash in your account if you want to trade back to cryptocurrency later or withdraw to your regular bank account.
There is no one cryptocurrency exchange that is best for all users, For example, maybe you are looking for a specific currency. Read on to find out which are the Top 10 Crypto Exchanges with the most token options to trade in 2023.
Types of cryptocurrency exchanges
If you are looking forward to buying your first cryptocurrency, an important step before doing so is understanding the types of cryptocurrency exchanges:
1. Centralized Cryptocurrency Exchanges
Centralized Cryptocurrency Exchanges is the most common type of exchange platform and uses a third party to help carry out transactions. Users trust this third party to provide security, monitoring, and help them find business partners. Some investors find this concept misleading, as cryptocurrencies are considered decentralized, with no need for a central authority.
2. Decentralized Cryptocurrency Exchanges
Unlike centralized cryptocurrency exchanges, there is no middleman for decentralized exchanges – instead, they use technology blockchain or distributed ledgers. In this less common type of exchange, the currency is not held by a third party and transactions are made peer-to-peer using smart contracts.
Top 10 Crypto Exchanges with the Most Token Options to Trade 2023
If you are interested in a popular cryptocurrency like Bitcoin or Ethereum, you will likely find it on any exchange that one of the Exchanges below. But if you are looking to buy or trade newer altcoins, coins with a very small market cap, or meme coins, our list should help you find the best option.
1.Gate.io
- Coins: 1406
- Pairs: 2625
In the first position of the “Top 10 Crypto Exchanges with the Most Token Options to Trade 2023” list, we have the Gate.io, a global cryptocurrency exchange with over 1400 digital currencies. Although MEXC Global has more coins, Gate.io wins in terms of the amount of pairs to trade. Gate.io is one of the pioneering cryptocurrency exchanges in the world and offers services related to the trading of various leading digital assets.
With over 10 million registered users, it is considered one of the safest and most trusted global cryptocurrency platforms and is consistently ranked in the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko, coinmarketcap and portalcripto.
2.MEXC Global
- Coins: 1468
- Pairs: 2063
In the second position we have MEXC Global an Exchange founded in 2018, MEXC Global serves more than 6 million users in more than 70 countries around the world. It is present on all continents and has obtained important licenses and has passed through jurisdictions in several countries. These countries include Canada, Australia, Estonia and the United States. MEXC Global also supports localized languages to serve merchants around the world.
The platform has 7 million registered users; 400.000 daily active users; and 1.000.000 daily active users. Above all, MEXC Global aims to become the ideal platform for new traders and experienced investors. MEXC Global will be available globally in more than 10 languages, with millions of users from more than 200 countries, more than US$2 billion in average daily trading volume and processes 1,4 million transactions per second.
3.KuCoin
- Coins: 697
- Pairs: 1252
Third, KuCoin is a Seychelles-based cryptocurrency exchange. In 2018, KuCoin raised $20 million in Round A funding from IDG Capital and Matrix Partners.KuCoin is an altcoin exchange with 600 cryptocurrencies and over 1.100 trading pairs.
KuCoin is defined as the “People's Exchange”, it was created for investors of all classes. Serving over 10 million users in 207 countries worldwide, the exchange offers spot trading, margin trading, P2P fiat trading, futures trading, staking and lending.
4. XT.COM
- Coins: 614
- Pairs: 996
XT Exchange was originally founded in 2018 and based in Hong Kong before moving its headquarters to Dubai. The platform is registered in Seychelles and has operation centers in Japan, Singapore, South Korea, Spain and other countries. XT is owned by BZ Limited and XT.com is a strategic partner of ZB.com and XT Group operates XT Exchange, XT Capital, XT Labs and XT Academy. XT is described as the world's first socialized digital asset trading platform. The exchange platform is available on desktop and mobile, both iOS and Android.
The platform has over 3 million registered users and around 300.000 monthly active users. XT.COM is a full-service trading platform that supports 500+ digital assets and 800+ different trading pairs. The exchange allows investors and traders to conduct a variety of transactions, including currency transactions, credit card purchases, leveraged transactions, OTC transactions and contractual transactions.
5.BitMart
- Coins: 613
- Pairs: 682
BitMart is a cryptocurrency exchange that was first introduced in 2017 and is widely known as one of the safest platforms to buy, sell and trade cryptocurrencies. The exchange has a multi-tier and multi-cluster system architecture that makes it safe and stable for all types of clients. Since its launch, the exchange has grown rapidly in terms of popularity and has attracted over two million users from all over the world. The exchange has also grown a lot in terms of the services it offers and is a complete platform for all types of traders.
BitMart's main headquarters are in the Cayman Islands, but it also has offices in a few other countries, including the United States, South Korea, and China. The exchange is accessible in over 180 countries, which is one of the reasons behind its high liquidity.
6. HuobiGlobal
- Coins: 565
- Pairs: 999
Huobi is one of the largest cryptocurrency exchanges by turnover. It was initially aimed at the Chinese market, but has since expanded to over 130 countries. It is also one of the oldest exchanges launched in 2013. Huobi's holding company, Huobi Global, has teams in Japan, South Korea, UK, Australia, Canada, Brazil and Hong Kong.
Huobi has one token, Huobi Token (HT), issued in January 2018. It is listed on CoinMarketCap as one of the top 100 coins by market cap. Huobi Global provides deep liquidity, supports a large number of cryptocurrencies and offers a wide range of income earning opportunities, making it an attractive destination for experienced cryptocurrency traders.
7. Binance
- Coins: 365
- Pairs: 1455
Founded in 2017 in China, the exchange went global and today is present in more than 40 countries, offering several opportunities for users who want to invest in the cryptocurrency market. In addition to having an accessible and safe version of the platform in Brazilian Portuguese. The founder of Binance is Chinese-Canadian Changpeng Zhao (CZ). It has an ecosystem that encompasses wallets, blockchain, cryptocurrencies, education, among others and aims to spread the freedom of money.
Although the company was founded in China, it transferred its servers before the local government banned the cryptocurrency market in 2017. Thus, its global operations gradually grew and today the exchange is present in more than 40 countries. Furthermore, Binance offers the Binance Coin (BNB) token that powers the entire ecosystem of the exchange. Cryptocurrency can be used as a basis for transactions on the network, pay trading fees, payments in stores, among others.
8.OKX
- Coins: 357
- Pairs: 571
OKX formerly known as OKEx is a cryptocurrency exchange that provides a set of blockchain-based financial services. The Seychelles-based exchange has hundreds of token pairs and trading capabilities, including spot trading, margin trading, perpetual swaps, lending, decentralized finance (DeFi) and mining services. OKX serves millions of users in over 100 different countries. In addition, OKX is among the largest cryptocurrency derivatives platforms, with daily Bitcoin (BTC) futures trading volumes of up to $1,5 billion.
One of its strengths is its leadership in the world of derivatives and futures trading. Its journey began in the last quarter of 2020, taking the lead in terms of trading volume, Bitcoin futures, Bitcoin 24-hour futures, open interest Bitcoin futures and Bitcoin futures in terms of aggregated daily volumes, according to data provided by OKEx.
9.FTX
- Coins: 339
- Pairs: 525
FTX is a Bahamian cryptocurrency exchange. FTX is incorporated in Antigua and Barbuda and headquartered in the Bahamas. As of July 2021, the exchange has an average of $10 billion in daily trading volume and over one million users. FTX operates FTX.US, a separate exchange available to US residents.
The FTT team comes from top Wall Street companies such as Jane Street, Optiver, Facebook, Google. Its aim is to become as profitable as the giants Bitmex and OKEx.
10 Crypto.com
- Coins: 214
- Pairs: 376
Crypto.com Exchange is a cryptocurrency exchange from a popular provider of cryptocurrency projects and services. The exchange was launched in 2019. On the exchange, users can sell and buy cryptocurrencies, engage in spot and margin trading, and trade derivatives. Crypto.com has its own CRO token, which users can earn rewards for wagering. To use all the features of the exchange, the user must create and verify an account. The account can be funded by cryptocurrency transfer or using debit or credit cards. More than 220 digital assets and cryptocurrencies are available for trading and purchasing on the Crypto.com Exchange. Transaction fees are not high and start at 0,40%.
Trading terminals for spot, margin and derivatives trading are designed in an easy-to-use style where it will be difficult for the user to get confused and at the same time have the necessary information at hand. Users can also earn up to 14% per annum from their deposits on the exchange with the help of CRO staking.
Conclusion
That said, you will hardly find an Exchange that offers all the cryptocurrencies out there. New coins with lower market values may be limited to certain platforms. Now that you know the Top 10 Crypto Exchanges with the most token options to trade in 2023, just figure out which cryptocurrencies you plan to buy in advance and then choose an exchange that offers the token.
