The 6 Best Crypto Exchanges in 2022

There’s no doubt that 2019 was a big year for cryptocurrency. From Bitcoin’s breakout performance to the rise of altcoins like Ethereum, Litecoin, and XRP, digital assets made waves across the globe. And as crypto goes mainstream, more and more people are looking for reliable exchanges where they can buy and sell cryptocurrencies. So in this blog post, we’ll take a look at the 6 best crypto exchanges in 2022. Just a friendly reminder: our top 6 is not sponsored in any way.

Coinbase Crypto Exchanges

Coinbase is one of the most popular cryptocurrency exchanges out there with millions of users worldwide. With no actual headquarters as it is a remote work company, Coinbase is considered to be one of the most beginner-friendly exchanges due to its user-friendly interface and simple buying process.

Binance

Binance is one of the most talked-about cryptocurrency exchanges in the industry and for good reason. Founded in 2017 by Changpeng Zhao, a developer who had previously created high frequency trading software, and currently based in the Cayman Islans. Binance has quickly become one of the largest exchanges with a reported daily trading volume of over $10 billion.

Kraken

Kraken is another well-established exchange that has been around since 2011. It was one of the first bitcoin exchanges to be listed on Bloomberg Terminal and is reportedly valued at $11 billion USD, as of mid-summer 2022. Based in San Francisco, Kraken allows users to buy and sell cryptocurrencies as well as Margin trade with up to 5x leverage. In addition to its spot trading features, Kraken also offers an OTC desk for large trades as well as Futures contracts with up to 50x leverage.

Bitfinex

Bitfinex is an exchange that was launched in 2012 and currently registered in the British Virgin Islands. Bitfinex has become one of the go-to exchanges for traders looking for advanced features such as margin trading, short selling, and liquidity swaps. In 2019 Bitfinex controversially created its own cryptocurrency called LEO which helped them raise $1 billion to cover losses related to their relationship with Tether (USDT).

Gemini

Gemini is a US-based exchange founded in 2014 by the Winklevoss brothers (of Facebook fame). Gemini is one of the few exchanges that allows US dollar deposits and withdrawals and has built a good reputation for being a compliant, regulated exchange. In terms of trading volume, Gemini is much smaller than some of its competitors but offers a simple user interface that appeals to many traders. That is also one of the reasons why we think it belongs in the top 6.

OKX Crypto Exchanges

OKX, formerly known as OKEx, is a Malta-based exchange that was founded in 2017 by Star Xu who also happens to be the founder of OKCoin in 2013 which he developped into the OKCoin Exchange. OKX offers both spot and derivatives trading with a reported daily trading volume of over $1.5 billion. In addition to its crypto-to-fiat spot markets, OKX is also one of the few exchanges that still offers crypto-to-crypto futures contracts.

Conclusion Crypto Exchanges

In conclusion, there are many different cryptocurrency exchanges to choose from, depending on your location and trading preferences. Each exchange has its own strengths and weaknesses, so it’s important to do your research before choosing one that’s right for you. All of the listed exchanges are great for buying and selling cryptocurrencies. However, each has its own strengths and weaknesses.