Sun. Oct 25th, 2020

Crypto exchanges also help in determining the rate of these cryptocurrencies.

Frankfurt, Hesse, Germany – April 17, 2018: Many coins of various cryptocurrencies

As the crypto industry evolves at a rapid pace, few cryptocurrency exchanges stand out from the many hundreds of crypto–exchanges available based on the total value of crypto assets in dollar terms held on their exchanges. 

Data from PeckShield, a security blockchain company, revealed that as at June 30, 2020, the global digital asset exchange asset balance rankings (in terms of BTC+ETH+USDT assets converted into US dollars) are: 

Coinbase Exchange, with total assets valued at $11.1 billion, ranking the first place. 

Huobi Exchange total assets of $5.79 billion, ranked second. 

Binance Exchange total assets of $3.45 billion US dollars, ranked third, 

Bitfinex total assets of $2.99 billion, ranked fourth, and 

OKEx Total assets of $2.52 billion ranked fifth, 

As the crypto industry evolves at a rapid pace, few cryptocurrency exchanges stand out from the many hundreds of crypto–exchanges available based on the total value of crypto assets in dollar terms held on their exchanges. 

Data from PeckShield, a security blockchain company, revealed that as at June 30, 2020, the global digital asset exchange asset balance rankings (in terms of BTC+ETH+USDT assets converted into US dollars) are: 

Coinbase Exchange, with total assets valued at $11.1 billion, ranking the first place. 

Huobi Exchange total assets of $5.79 billion, ranked second. 

Binance Exchange total assets of $3.45 billion US dollars, ranked third, 

Bitfinex total assets of $2.99 billion, ranked fourth, and 

OKEx Total assets of $2.52 billion ranked fifth, 

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BitMEX, Kraken, Germini, mtGox, Bittrex. ranked sixth to tenth respectively. 

Quick fact: Crypto exchanges are simply exchanges or platforms that facilitate the exchange of one cryptocurrency for another, the buying and selling of crypto assets, and most times the use of normal cash (fiat currencies) in exchange for a digital coin or cryptocurrency. Crypto exchanges also help in determining the rate of these cryptocurrencies, based on demand and supply mechanisms. 

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