As the cryptocurrency market continues to grow, many crypto exchanges keep merging, offering crypto traders and enthusiasts a digital platform to buy, sell, and store cryptocurrencies. For crypto traders, choosing the right crypto exchange is important. That’s why, in this article, we’ve compiled the biggest crypto exchanges in 2024, considering factors such as trading fees, user experience, available services, and safety policy.
Whether you’re looking for a platform with the best trading policy or one with the best trading fee, whatever your need is, below is a list of the biggest crypto exchanges with their features that you can choose from.
List of the Biggest Crypto Exchanges
BIKA
BIKA is an exchange platform that offers a wide range of services, including decentralized exchange, spot and futures trading, and blockchain research. It recorded a $12 billion daily trading volume in 2024, which makes it one of the biggest and most globally used exchange platforms of the year. Its cybersecurity measures include cold wallet storage of traders’ assets, which safeguards the assets offline away from hackers. It also has a wide selection of digital assets available for trading on its platform.
BIKA boasts a user-centric website and mobile app interface that makes trading easy for beginners and experienced traders. It also offers a low trading fee, which makes it a good choice for traders who are looking to cut trading costs.
Binance
Binance is also one of the world’s biggest crypto exchanges, offering an extensive number of cryptocurrencies to trade on its platform. It has one of the lowest trading fees, which makes it the best option for high-volume traders. Its platform is easily accessible, with trading tools and features for both institutional and retail traders.
Apart from crypto traders, Binance offers the best platform for coin developers to list their coins for trading to the public. There are always new coins to be listed on Binance because of the exchange’s popularity and ease of access to traders. Kane Pepi says investors should be in the know at the earliest stage possible to ride the wave and maximize gains. The option to buy new coins the moment they are released is very appealing to new and experienced traders alike because it allows them to get in on the ground floor and take profits as the coin matures. It also has a wide range of services, including spot trading, futures trading, margin trading, savings, staking, and decentralized exchange. With over $11 billion daily trading volume in 2024, Binance remains another big exchange platform of the year.
FutureX Pro
Although newer than all the other exchanges, FutureX Pro has set itself apart as one of the leading figures in the crypto space in 2024. What sets it apart from the other exchanges is its focus on traders’ security and privacy. It offers a no-KYC-required policy, which allows traders to trade seamlessly on the platform. FutureX Pro also has strong cybersecurity measures that keep its traders’ assets safe at all times. It also adheres to trading regulations to provide a safe trading experience to its traders. FutureX Pro offers a range of trading features, such as Futures Trading, P2P trading, spot trading, and copy trading, at low trading fees.
Bybit
Bybit is also considered one of the biggest crypto exchanges in 2024 because of its focus on derivatives trading. This allows traders to trade on underlying assets by speculating the future price of assets without owning them, resulting in lower fees and fewer risks.
It also offers advanced trading features such as copy trading, Bybit savings, asset exchange, spot trading, and leveraged trading. Its security and regulatory measures are robust, making it one of the safest crypto exchange platforms. Bybit also has a large number of users, with its daily trading volume reaching over $4 billion in 2024.
IndoEx
For traders looking for the best exchange platform to trade altcoins, IndoEx might be their best bet. Although it also offers bitcoin exchange, IndoEx is best known for its altcoin trading. Its features include speedy transactions, competitive trading fees, and secure wallets. It also has a user-friendly mobile app and website interface that makes it easily accessible to beginners and experts alike.
IndoEx recorded a trading volume of almost $4 billion in 2024, which means it is one of the users’ choice exchanges. Unlike other exchanges, however, it only offers spot trading options, limiting it to spot traders.
Coinbase
Coinbase is another big and successful US-based crypto exchange platform in 2024. Its success is based on its regulatory compliance, user-friendly platform, user security, and innovation. It has a large number of cryptocurrencies, including major coins and altcoins, which retail and institutional traders can trade. Through options like Coinbase Prime and Coinbase Custody, institutional and high equity traders can trade securely using advanced features on the platform.
Coinbase’s user-friendly mobile and website interface appeals to both beginners and advanced traders. Its strict adherence to regulations makes its operations transparent and safe for traders. Coinbase continues to expand its operations through services like staking, saving, and decentralized finance (DeFi).
Crypto.com
Crypto.com is an advanced crypto exchange platform that offers centralized and decentralized exchange to traders. The trading services on the platform include spot trading, derivatives trading, syndicate, staking, trading arena, lending, and margin trading. This wide variety of trading options makes crypto.com another one of the biggest crypto exchanges. It is one of the most used exchange platforms in 2024, with an average daily trade volume of over $2 billion.
Like the others, it stores users’ assets safely and securely. It also has a user-friendly interface that makes trading accessible to even first-time traders.