What is the volume of transactions?
Before introducing the top digital currency exchanges in terms of transaction volume, we will first provide a brief explanation of the concept of transaction volume. The total number of contracts or shares traded in a trading symbol shows the trade volume. Trading volume can be used in any type of symbol and market, including the stock market, bonds, stocks, option contracts, types of goods and futures contracts. The available volume indicator (OBV), the Chaikin money flow indicator (CMF) and the Klinger Oscillator are among the most widely used indicators for trading volume that are used by traders.
The use of trading volume has some basic principles, which are: trend confirmation, movement saturation and trading volume, bullish signs, price reversal, breakouts and fake outs, and trading volume history.
Other important points regarding the volume of transactions can be mentioned below:
1) Trading volume can be a good measure to determine market strength. Usually, markets with high volume of transactions have healthier and stronger trends.
2) Available Volume (OBV) and Klinger (Klinger) indicators work based on market volume.
3) When the market falls in the high trading volume, the market power increases in the downward trend.
4) When the price registers a new higher high in a downtrend, there is a possibility that an uptrend is forming.
Top digital currency exchanges in terms of transaction volume
Among the top digital currency exchanges in terms of volume of transactions, we can mention Binance, Coinbase, Kraken, Hobby Global, Kocoin, and we will introduce each of them at the time of writing this article.
1- Binance exchange
After some time, Binance started to create its own coin called Binance coin (Binance coin) with the abbreviation (BNB) to facilitate the provision of services to customers and the development of the company's services. In this way, Binance Coin was released through ICO in July 2017. From then on, customers can pay their trading fees with BNB to benefit from discounts of up to 25% on fees. In this way, Binance Coin quickly gained more attention. Binance Coin was first released on the Ethereum blockchain network. But after public acceptance, Binance launched its own blockchain network called smart chain in 2019.
Features of Binance Coin (BNB)👇👇👇
Among the features of Binance Coin, the fee is very low and the transaction speed is very high. You can transfer any amount of Binance Coin anywhere in the world in less than 1 minute. Binance Coin is actually a semi-centralized coin that is affiliated with Binance. Exactly the opposite of Bitcoin, which is not connected anywhere. Therefore, it should be looked at like the stock of a company. As BINANCE expands and develops, Binance Coin becomes more valuable. But it should also be noted that if one day the Binance company does not exist for any reason, the Binance coin will no longer have any value.
Binance site security
Binance exchange offers security solutions such as Google 2FA (authenticator) and anti-phishing to its users, which greatly increases the security of their trading accounts. However, on May 8, 2019, there was a report that Binance was hacked and $40 million worth of assets were stolen. After this incident, all deposits and withdrawals of the site were stopped for further investigation. This caused investors to panic about losing their funds in the Binance exchange. But about a week later, the manager of Binance (CZ) announced that he had returned all the hacked amounts to the users' accounts. Of course, he paid for this at his own expense and from the company's profits. But a little later, he was able to recover the hacked amounts.
"At the time of writing this article, the trading volume of the Binance Coin exchange is 65.281 billion dollars."
2- Coinbase exchange
Coinbase exchange has about 13 million active users worldwide and is one of the top five online exchanges in the field of digital currency. This platform was founded and launched in 2012 by Fred Ersam and Brian Armstrong. A little research after the introduction of leading digital currencies including Bitcoin in the world, this big exchange started its activity and until today it remains one of the most popular because of the high quality of its services. Two years after its establishment, the Coinbase exchange was able to attract about one million users worldwide, this is considered a record for the Coinbase platform.
The method of buying and selling cryptocurrencies in this exchange is slightly different from traditional methods. Because this platform has provided you with the ability to buy your desired cryptocurrencies with fiat currencies. The assets of this exchange are estimated to be around 20 billion dollars and the amount of currency traded to date is estimated to be around 50 billion dollars. The Coinbase platform actually provides users with two main products that include securities and a professional trading platform called GDAX, which we will learn more about later.
Coinbase exchange features👇👇👇
1. high security
2. Simple user interface
3. Instant exchange
4. Ability to pay in different ways
5. It also mentioned support for digital currencies. Cryptocurrency beginners use the main Coinbase platform to place buy and sell orders, while professionals use Coinbase Pro to access additional features and order types. Coinbase exchange users can buy digital currencies in this exchange with their fiat currencies. In the Coinbase exchange, two main products are available to users, including securities and professional trading platform (GDAX).
"At the time of writing this article, the volume of exchange transactions Coinbase is 2.635 billion dollars.
3- Kraken exchange
Kraken Exchange is an international digital currency exchange whose head office is located in San Francisco, USA, and enables its users to buy and sell all kinds of famous tokens such as Bitcoin, Solana, Ethereum, etc. Among the advantages mentioned for this company is its high level of liquidity and low processing time, which increases the speed of buying and selling digital currency. Kraken Exchange was established as one of the first cryptocurrency buying and selling platforms in 2011 and started its operations in 2013. One of the first services of this collection was buying and selling bitcoins. But currently it supports more than 120 digital currencies. Since 2020, this exchange has been providing services in 176 countries of the world and 48 US states. In January 2021, it was announced that the kraken exchange is the fourth largest cryptocurrency exchange in the entire world.
Features of the Kraken exchange👇👇👇
1. It has a large and active market
2. Support for more than 80 digital currencies, as well as the possibility of exchanging 250 currency pairs (Kraken exchange supports famous and popular coins such as Bitcoin, Ethereum, Litecoin and Bitcoin)
3. Support for fiat currency including USD, EUR, GBP and CAD
4. Availability of more than 300 different markets
5. Has a trading volume of more than one billion dollars in one day
6. Having more than 6 million users
7. Possibly up to $100,000
8. Make trades with a minimum of $10
9. Comprehensive mobile application for iOS and Android
10. 24/7 support team
"At the time of writing this article, the trading volume of the Kraken exchange is 1.828 billion dollars."
4- Huobi Global exchange
Huobi Global exchange has an advanced futures platform. But first, it is better to have a brief introduction to futures trading. When we trade an asset at a certain time and at a certain price that has been agreed upon by the parties to the contract, we have made a futures transaction. Futures contracts allow you to use leverage that, if the transaction is successful, Your profit will be much higher. It should be noted that Hobby's futures trading service is offered in the form of derivatives, where you can find several other services.
Features of Huobi Global Exchange👇👇👇
1. More than 98% of customers' assets are kept in cold or offline wallets.
2. Support for more than 50 fiat currencies, 428 coins and 1075 different currency pairs
3. The possibility of viewing the current price of different currencies in this exchange
4. Providing DeFi services to users for profit and investment
5. Increasing the withdrawal limit and using other services, after completing the authentication process.
6. It has its own native token called Huobi Token.
7. Providing educational resources for digital currency education
8. Support for derivatives and margin transactions
9. Attract more than 10 million active users and high transaction volume
10. Equipped with a user support fund
"At the time of writing this article, the trading volume of Hobby Global Exchange is 18.289 billion dollars."
5-Cocoin exchange
Kucoin exchange is one of the centralized digital currency exchanges that was launched in 2017, and according to the data published by the CoinMarketCap website, it has 503 tradable cryptocurrencies on its trading platform, ranging from It supports a wide range of fiat currencies, such as EUR, NZD, CZK, HUF, CAD and many more, through OTC, Simplex and Banxa.
Currently, this exchange has more than 8 million users in more than 207 countries and is among the top 10 global exchanges in terms of transaction volume. The special digital currency of this exchange is KCS or KuCoin Shares, which has now changed its name to KuCoin Token. Kocoin exchange offers various services to its users in the field of spot trading, futures, margin, trading robots, lending, pool-X and other methods.
Features of Kocoin exchange👇👇👇
1. Low transaction costs
2. High liquidity
3. A wide variety of digital currencies
4. Types of trading robots
5. 24/7 support service
6. Having demo accounts for beginners
7. High cyber security
"At the time of writing this article, the volume of Kocoin exchange transactions is 1.553 billion dollars."
Thanks for reading.
