Spot cryptocurrency exchange platforms are channels where sellers and buyers meet to trade crypto. The main highlight of a crypto spot market is that the settlements happen very quickly. When an equal bid and asked offer is provided the exchange executes the idea instantly. The meaning of spit crypto trading is similar to what we term for oil or gold. You have a real, physical market where there is an exchange of commodities and you have derivatives or prospect markets that are dependent on the organic market. In this article, we will have a look at the top 7 spot cryptocurrency exchange platforms.
Top 7 Spot Crypto Exchange Platforms
Usually, digital currency investors do not take the help of brokers to oversee funds. This can happen because of the segregated crypto market, which enables formulating service interfaces with the exchanges rather troublesome. In any scenario, as the market develops in the upcoming years advanced automation and brokers will surely rise to fame. Now let us have a look at the best cryptocurrency trading platform for the crypto spot market.
Binance is the best crypto exchange. Its main aim is to be the service provider for the infrastructure of the blockchain ecosystem. The native asset on the Binance Chain is BNB. It has varied uses and gives power to the Binance ecosystem as its important gas.
Huobi Global is a global blockchain asset financial service provider that includes a wallet, trade, storage, and exchange. Since it was founded in 2013, this spot crypto exchange platform has been financed by Sequoia Capital and ZhenFund. The average turnover of this firm has surpassed $1.2 trillion and once had turned itself into the digital asset exchange with a worldwide share of 50%.
Coinbase is another best cryptocurrency exchange 2021. It is a secure online platform used for buying, transferring, selling, and storing cryptocurrency. Coin market spot’s main aim is to create a financial system that is open for the world to be the main global brand for guiding individuals with the altering cryptocurrency into the out of their fiat currency.
Working at the lines of stock exchanges that work with trading of stocks. Kraken is a San Francisco based digital currency exchange where the members of the market can exchange various cryptocurrencies. The members are allowed to buy or sell the digital currencies using various fiat currencies that includes U.S dollars, euros, Canadian dollars, and the Japanese Yen.
KuCoin is a spot crypto exchange platform, initially from China that shifted to Hong Kong for a more positive regulatory ambiance. It has received a reputation for being an easy to use crypto exchange, secure, and reliable. It records over 400 digital currencies and tokens and is known for being a quick adopter of new cryptos.
Among our crypto exchange list, Bitfinex is a must have. It is a trading platform for digital assets that offer best in class services for the traders of cryptocurrency and global liquidity suppliers. This platform was created in 2012 and is one of the first professional platforms that was set up to oblige for the existing interest in digital currency trading.
Binance.US is an online marketplace for cryptocurrency that provides trading opportunities for people and institutions that are based in the US. This investment platform currently upholds Bitcoin and over 50 other cryptos.
With the increase in the popularity of crypto, there is an increase in the demand for spot crypto exchange platforms that will enable trading in a short span of time. The above is a list of top exchanges that include the best cryptocurrency exchanges in India as well.
FAQ On Spot Crypto Exchange Platforms
The best crypto exchange platforms include Binance, Coinbase, Bisq, etc.
Coinbase is a cryptocurrency trading platform that enables you to trade cryptocurrencies directly, including Ethereum, Bitcoin, Litecoin, and Bitcoin Cash. Here you can access more than three dozen cryptocurrencies.
The top 10 crypto exchanges include Coinbase, Kraken, Binance, Binance.US, Gemini, Bittrex, Bisq, Coinbase pro, Coinmama, and eToro.