5 Best Global Crypto Exchanges for 2024: Year-end Outlook

5 Best Global Crypto Exchanges for 2024: Year-end Outlook

Key Insights:

  • The top global crypto exchanges are Binance, Coinbase, Kraken, KuCoin and Bybit for 2024
  • Chosen based on ease of use, high volume, liquidity, number of users, and supported fiat and crypto, these exchanges stand out in the market.
  • Legal or regulatory actions, if any, have been listed below.

The year 2023 has proven rewarding for both crypto traders and exchanges. Despite the fall of FTX, several exchanges have demonstrated their worth with transparent proof of reserves, reassuring their customers

We have compiled a list of 5 best global crypto exchanges which are well-funded, have a good trading volume, offer well-diversified assets, support major fiat currencies and also have a great CMC score making them the perfect choice for you in 2024.

We have also listed if there were any regulatory actions against these crypto exchanges in any major country.

Top 5 Global Crypto Exchanges Are:

1. Binance

Binance has been the biggest crypto exchange and it seems that it will remain the topmost choice for crypto enthusiasts worldwide. The exchange offers well-diversified assets and features such as a well-designed exchange, an NFT marketplace, peer-to-peer trading, and several DeFi solutions like Yield Farming, crypto staking, etc.

At the time of writing, Binance had around 16 billion daily trading volume, an average of 2 million daily visitors, lists about 400 coins and supports all major currencies.

It had a CMC score of 9.9 making it the top choice of users on CoinMarketCap.

#Note: CoinMarketCap is a subsidiary of Binance Exchange.

Though Binance was in the middle of a lot of regulatory actions in the year 2023. Yet the exchange finally seems to come out of those with the start of a new year. Binance's $4 billion settlement with the Department of Justice has almost been finalized and could lend a fresh life to its operations.

Though Binance is supported only in 45 countries, it can be accessed from anywhere in the world with a simple VPN.

2. Coinbase

Coinbase also has been a top crypto exchange for crypto enthusiasts, especially in the USA. The exchange too offers a diversified range of coins, and NFTs among several other things.

The crypto exchange has a daily trading volume of nearly $3 billion as of late December 2023. Though the number of daily users is a bit less at 125k daily visitors, the benefit of using this platform is it is a one-stop solution for every need that a crypto user feels and even has its self-custody wallet where you have the master keys to your funds and not the exchange.

The crypto exchange accepts fiat currency in USD, GBP and EUR, which are enough to cater for its primary markets.

Coinbase too like Binance, finds itself in a list of crypto exchanges that face regulatory heat from the US SEC and the CFTC.

3. Kraken

Kraken has been a top choice for users who are looking for an exchange that has a great DeFi platform attached to it.

The crypto exchange witnessed more than 200k average daily visitors and has a daily trading volume of nearly $1.2 billion. It lists over 244 coins and tokens and supports the following fiat currencies: USD, GBP, EUR, CAD, JPY, CHF and AUD.

Not surprisingly, Kraken too has been charged with several allegations by the US SEC on 20 November 2023.

Kraken is available in over 190 countries worldwide however it is banned in Crimea, Afghanistan, Cuba, Russia, North Korea, Syria and Iran.

4. KuCoin

KuCoin is one of the few crypto exchanges with a very high grade of security. Yet, the exchange is very easy and intuitive to use.

In our list KuCoin has the highest number of listed cryptocurrencies at 735 as well as hosts a high number of supported fiat currencies at 48. The exchange has a daily trading volume of nearly $1.15 billion with a daily visitor count of 350k.

The exchange is available in over 200 countries worldwide thanks to its wide list of supported fiat currencies which attracts users to trade easily.

KuCoin has also recently settled a crypto lawsuit where it agreed to pay $22 million and exit New York's crypto market. The lawsuit was filed by New York's Attorney General (a government office holder).

5. ByBit

The crypto exchange Bybit also offers a huge variety of coins and payment options. There are nearly 500 cryptocurrencies on Bybit which users can buy with USD, GBP, EUR, AUD, CAD and AED.

The exchange has a daily trading volume of nearly $3 billion with an average of 725k daily visitors.

A unique thing about the crypto exchange is that it offers high leverage for its traders and even has $1 worth of perpetual contracts making it a very good exchange for beginners.

Bybit is available in more than 180 countries around the world.

Bybit has a high rate of compliance with authorities and therefore has not attracted any regulatory actions recently.

Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.

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