Trading Cryptocurrency

Top 20 Crypto Exchanges with Highest Trading Volume

Last updated on May 17th, 2023 at 11:42 am


There are hundreds of cryptocurrency exchanges around the world, but only a few of them have the required standards to be listed on the cryptocurrency price-tracking website CoinMarketCap.

In this post, we are ranking the 20 largest crypto exchanges with the highest volume of trade. The trading jargons ‘volume of trade’ is associated with the capital market.

But with the advent of ‘buy and sell’ of digital coins at the cryptocurrency markets on exchanges, trading volume is the total number of crypto assets that are transacted between the buyers and sellers of digital coins within a certain period of time. It is usually calculated every 24 hours.


At the time of publication, there are 293 crypto exchanges that are tracked by CoinMarketCap, factoring in their liquidity, weekly traffic and volume of trade.

In the course of coming up with this list, we use the daily trading volume of the listed crypto exchanges to determine how large they are.

Note: Crypto assets trading volume is highly dynamic. We urge our readers to check every 24 hours to get the most accurate data on trades.


Founded in 2017 by Changpeng Zhao popularly called CZ, Binance has grown to become the world’s largest cryptocurrency exchange despite numerous challenges it faced in China where it was initially headquartered in its early years.

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The anti-crypto policies in China forced the Binance to relocate its headquarters to the Cayman Islands, one of the British Overseas territories.

The exchange has almost 400 coins listed and numerous trading pairs and supports 46 fiat currencies the US Dollar for its US-based customers (Binance US), Canadian Dollar, EUR, and Great Britain Pound among other fiat currencies.

At the time of publication (July 18, 2022) Binance’s volume of trade was $20,259,042,119 in the last 24 hours. The exchange has consistently maintained the highest crypto assets trading volume for several years. This is subject to change every 24 hours.


Since its launch in 2017, the South Korea-based Tokencan Crypto exchange penetration into Southeast Asia with impressive markets in Europe and America, the crypto exchange has continued to consolidate on the crypto markets in the three continents.

In the last 24 hours, TokenCan Exchange has $6,003,094,860 worth of trades on its platform across its major markets. The creation of multiple profit opportunities for intermediaries through several projects like Merit Wall, Mining Pool Mall, and Mr Game Platform among others have contributed immensely to the acceptability of tokencan.


Pulling $4,341,154,385 within 24 hours is no joke. This figure put Citex cryptocurrency exchange on the list of the top largest crypto exchanges in the world in terms of crypto asset trading volume.

Apart from being a peer-to-peer crypto asset trading platform, Citex also offers opportunities for investors to save and earn interest on their crypto assets.

It offers spot trading, investment, mining, incubation, earn, OTC trading and derivatives and other products.

Hotcoin Global

Binance and coinbase may be the first exchange to come to mind for a newbie in the crypto market, but in reality, Hotcoin global is another exchange that is worth trying judging by the number of trading volumes at $2,832,578,081 in the last 24 hours.

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Being one of the earliest cryptocurrency exchanges in the United States before going global, coinbase is one of the biggest players in the crypto market.

Coinbase has always been among the largest crypto exchange, its crypto asset trading volume of $2,732,894,002 stamps its strength in the crypto world.


With over 800 trading pairs, HitBTC is one of the crypto exchanges that have a huge trading volume running into millions of USD, specifically, HitBTC experienced $2,377,196,394 trade volumes at the time of publication.

Founded in 2013, the crypto exchange offers a range of APIs including WebSocket, FIX API, and REST and has a Trading Fee Tier system for professional traders


AAX Crypto Exchange is centralized exchange with offices in Europe and Asia and supports more than 10 fiat currencies

It offers services Spot, P2P, and Futures. AAX isn’t a small crypto exchange in terms of the daily volume of trade at $2,962,504,465 at the time of the report.


With 28 supported fiat currencies on DigitFinex, the digital asset platform is among our top 10 crypto exchange platforms, not because it is one of our favourites, but because of its track record in the trading volume in crypto assets.

At the time of tracking, DigiFinex had $2,708,461,567 trading volumes, according to data obtained on CoinMarketCap. It also experienced 58.88% growth in the volume of trade within the time under review.

It 24/7 professional customer support may have contributed to its growth PLUS top-notch security put in place to secure the crypto assets of its global customers.

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CoinW supports more than 30 fiat currencies and has over $2 billion trading volume in 24 hours ($2,190,393,240.99) and more than 2 million users around the world.

FMFW is an acronym for Free the Money, Free the World. FMFW is one of the crypto exchanges with the highest trading volume at $2,204,109,542.23 at the time of this report.

The availability of more than 400 trading pairs is one of the reasons the crypto exchange platforms continue to grow their fan base.

Below are the top 30 crypto exchanges by trading volumes

RankExchangeTrading Volume
7Hotcoin Global$2,832,578,081
20Changelly Pro$1,767,912,261

There are lots of other cryptocurrency exchanges that have above $1 billion trading volumes, they include BitCoke, Pionex, IndoEX, ZB.Com, BTCex, BigOne, CBX, KuCoin,, Huobi Global, and Lbank among others.

Caution: When trading on crypto exchange, pay attention to the safety of your digital assets because some of the exchanges on this list have experienced crypto attacks in the past that led to the loss of several million of USD.

For instance, Bitfinex in 2016 lost $2.5 Billion USD in crypto attacks. In 2021, Bitmart also lost about $200 million.



  • InfomediaNG

    The Infomediang Team comprises a group of researchers, data analysts, and financial experts who closely follow government policies and spending. Our passion lies in empowering people to make informed decisions about their investments by simplifying data for easy understanding. Find us @infomedia_ng on X.

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