Let’s draw results - best cryptoexchanges of 2020

The cryptocurrency industry continues to grow and expand. Over the past year, many cryptocurrencies have updated their record prices, including Bitcoin, which reached $ 19,850 during trading on November 30, 2020. And the cryptocurrency market capitalization is confidently moving towards $700 billion in order to finally recover after a three-year correction.

But the main advantage of the cryptocurrency market is the freedom of transactions, their variability and huge trading volumes. It is crypto exchanges that provide the bulk of transactions in the market, which have a huge impact on the value and dynamics of asset prices.

In today's TOP, we will take a look at the 10 best cryptocurrency trading platforms that are very popular among traders, have unique features and an excellent reputation.And also remember the main achievements of exchanges in the past year.

Binance

Binance was founded in 2017. From the early days to today, the CEO is Changpeng Zhao, one of the most influential people in the crypto space. For six months of operation, Binance entered the list of the largest platforms in terms of cryptocurrency trading volume. There are three types of trading available on Binance: spot, margin, and futures. The average daily trading volume reaches billions of dollars, and the exchange processes $ 1,400,000 transactions per second. Binance launched its own DEX, released the successful and sought-after Binance Coin, implemented P2P (peer-to-peer) trading and issued a cryptocurrency payment card. Binance is a true pioneer of the industry that drives the entire cryptocurrency world forward. And one of the lowest commissions per transaction, translations into dozens of languages and support for many national fiat currencies make the exchange very popular all over the world among both experienced traders and beginners. In 2020, the company launched new staking programs, including Ethereum 2.0, launched cash exchange transactions, and supported DeFi startups in every possible way. In addition, the exchange has distinguished itself in its fight against the Coronavirus pandemic by raising funds through a charitable foundation.

Huobi Global

The Huobi platform can be called one of the most famous and time-tested exchanges. Founded in 2013 in Beijing, it is ranked in the top 3 in the world in terms of trading volume. Huobi Group is a leading financial services provider with quality service to tens of millions of users in 130 countries. Hundreds of cryptocurrencies and stablecoins are available for trading. The exchange has its own blockchain incubator Huobi Labs, in which more than $ 1 billion has been invested, and which helps ambitious projects develop and raise funds. 98% of the funds are in cold wallets, which significantly increases the protection of client deposits. Optional verification, small commissions and a good referral program make the exchange attractive for newbies. Over the past year, Huobi has added support for a range of fiat currencies, launched DeFi staking, created the Global DeFi Alliance to support the young industry, investing tens of millions of dollars in startups. The exchange also created its own blockchain network and received a number of permits from regulators.

Stormgain

StormGain is a cryptocurrency exchange founded in 2019. The platform supports futures and spot trading. In such a short period of time, the exchange has already added major trading pairs, and the weekly volume of transactions reaches $ 782.69 million. StormGain supports operations with fiat, and also allows you to use payment cards of any banks. StormGain is a fairly young exchange, the main advantages of which are very fast and easy registration, minimum commissions and no fees for replenishment. In addition, StormGain offers futures contracts with a multiplier of x200, staking with a profit of up to 12% per annum, round-the-clock support, and trading with a demo account, which becomes a very important argument for newbies, constantly attracting new users. As an interesting additional feature, StormGain has its own free Bitcoin miner, available from any device.

Coinbase Pro

Coinbase was founded in 2012 and is one of the most famous and trusted platforms out there. The company is headquartered in San Francisco. Coinbase was founded by Brian Armstrong and Fred Ersam. The founding team included Blockchain.info co-founder Ben Reeves, but he later left the project. The developers call the main values of their project the reliability and availability of functionality, which allows you to start trading immediately after registration without heavy adaptation. The peculiarity of the exchange is the approach to the storage of funds: 98% of all digital assets are in cold storage and only 2% are used in work. All user funds are covered by FDIC insurance, so that in the event of unforeseen situations, you can receive compensation up to 250 thousand dollars. The exchange is so popular that there is even such a thing as the "Coinbase effect", when after information about the imminent listing of a token on the site, its value begins to skyrocket. In the past year, Coinbase has played a very important role in the growth of the cryptocurrency market, helping the largest institutional investors (for example, Micro Strategy) to invest hundreds of millions of dollars in Bitcoin.

Indacoin

Indacoin is a leading fiat-to-crypto exchange. Operating in the UK since 2014, Indacoin was one of the pioneers in the crypto field. The company developed a cross-platform solution that allows customers to buy bitcoin and dozens of other crypto currencies with Visa & Mastercard credit and debit cards worldwide. In addition to being a provider of the widest range of fiat and crypto currencies on the market, recently Indacoin became the first fiat-to-payment gateway where it’s possible to buy bitcoin without commission. This feature is available via the loyalty program with up to 100% fee cashback, which is paid in company's native token INDA - the first ever DeFi Loyalty Token. INDA token unites the ecosystem and will be a core element of the upcoming Indacoin DeFi products.

Kraken

Kraken is one of the oldest cryptocurrency exchanges, founded back in 2011 in California. Provides spot, futures and margin trading, as well as a range of OTC services. The exchange serves clients from all over the world, excluding several countries in Asia. Kraken has one fundamental difference from most classic exchanges. It consists in using a "dark pool": the order book is hidden from users to avoid unnatural price movements. Thanks to its consistent and understandable policy, Kraken enjoys great popularity around the world, occupying leading positions in the ratings. The security of the platform is also at a high level, and for many years there have been no successful hacker attacks on the exchange. The company even promises to pay large sums of rewards to hackers who can find security vulnerabilities. In addition, Kraken was chosen as a platform through which users who became victims of the Mt.Gox scam could claim the lost funds. In 2020, the exchange did a lot of work, became the first crypto exchange in the United States to receive bank status, and also officially returned to Japan, announced the opening of the Australian branch and plans to recover activity in the Indian market.

Bithumb

Bithumb Exchange is the most famous South Korean cryptocurrency exchange. The site is very popular within the country, 75% of Korean traders use this exchange. The company is developing very quickly, and attracts primarily with large trading volumes and high liquidity. The Bithumb exchange was launched in 2015 by the Korean company BTC Korea headquartered in Seoul. Despite the fame and excellent reputation of Bithumb, information about its owners remains closed. That, among other things, does not prevent the company from actively developing, supporting new initiatives and helping young projects. There have been situations when currencies added to this exchange immediately showed an intense growth in value. This has happened, for example, with projects that emphasize anonymity. ZCash and Monero are no exception. There were even cases when rumors about the addition of some kind of coin were spread for a pump. As for cryptocurrencies, here you can find just over a dozen of the most popular coins. However, the exchange still has an excellent reputation, including thanks to its excellent support service, which even has an offline office, which is an exception for cryptocurrency exchanges. This year, the exchange's management announced a multi-million dollar investment in the development of blockchain infrastructure, and also launched a research center for blockchain and digital currencies.

Bitfinex

Bitfinex, a Hong Kong-based cryptocurrency exchange, has been on the market for over 8 years. Among the creators of the exchange are the developers of the most popular stablecoin Tether (USDT). The platform provides convenient tools for classic trading, margin trading, and supports all popular coins and trading pairs. This site is quite worthy of the title of the Best Cryptocurrency Exchange, because it has all the necessary tools for successful trading, and all the functionality is well thought out and works great. About 300 cryptocurrencies are available on the trading platform, and the weekly trading volume reaches almost $ 7 billion. One American study suggests that the manipulation of the bitcoin price on the Bitfinex platform was one of the reasons for the rise in the price of bitcoin at the end of 2017. This confirms the huge influence of the exchange on the cryptocurrency market. In 2020, the company launched 2p2 lending, added decentralized finance staking, and launched equity index derivatives trading paired with USDT stablecoin. The company also actively contributes to the development of the ambitious Lightning Network.

KuCoin

KuCoin is a young cryptocurrency trading platform. After launching in 2017, the exchange reached the TOPs in terms of key indicators in a few months, catching up with the market leaders. At the moment, the volume of trading operations on the platform reaches almost $ 100 billion. The company is funded by venture capitalists IDG Capital and Matrix. KuCoin was founded by a team of professionals who had experience in developing Ant Financial, iBOX PAY and other serious projects in the industry. The exchange aims to provide traders with a secure way to trade cryptocurrency using modern technologies. KuCoin also has an internal cryptocurrency called KuCoin Shares (KCS). Any registered user can purchase it and it will generate passive income. It is growing in price steadily, because its cost depends on the number of active users of the exchange. Despite the significant damage from hacker attacks, which amounts to hundreds of millions of dollars, the company is restoring its reputation by recovering lost funds. Over the year, the exchange added support for multi-accounts, non-custodial trading, announced the launch of a decentralized exchange, and teamed up with Poloniex to develop the blockchain industry.

BiKi

BiKi, established in 2018, is a top-tier cryptocurrency exchange that provides digital assets trading for over 150 cryptocurrencies and 250 trading pairs with over 3 million registered users. By 2020, BiKi has become one of the fastest growing cryptocurrency platforms in terms of trading volume, whose businesses cover spot trading, contract trading, grid trading, leveraged trading, staking, ETF and liquidity mining. With rich experience in technology and operations, they are committed to providing safe, stable, and reliable service to users worldwide，and have set up local teams in several countries including Singapore, South Korea, Vietnam, Japan, Russia, and Turkey.