2021Annual average dailyTrading volumeThe 15 largest cryptocurrenciesExchange

Let's take a look at the 15 largest exchanges by average daily trading volume in 2021

2021 is a defining year for everything cryptocurrency and DeFi. We have seen the emergence of a large number of projects and exchanges and the rapidgrowsand finally see the future of digital currencies in Web3, a blockchain-integrated internet that intersects with reality. There are so many exciting things happening, so many new exchange platforms and users, that deciding which cryptocurrency exchange to use has become quite tricky. In this regard, we at CoinStats believe it is worthwhile to consider the average daily trading volume of each platform in 2021. After all, this is an important indicator of user trust and platform reliability.

1. Binance (US$2,753 million for $)

Binance has been around for about four years and by now it is the cryptocurrency exchange platform that needs no introduction! This most popular exchange charges relatively low fees and has a wide range of cryptocurrencies to choose from, with an average daily trading volume of $27.53 billion in 2021, about three times that of the second largest exchange. Quite impressive, don't you think? One possible drawback when it comes to Binance is that it is designed for experienced users and it is not easy for beginners to understand its complex interface.

2. Huobi Global($7.58 billion)

With an average daily trading volume of $7.58 billion, Huobi Global is the second largest cryptocurrency exchange in 2021, and for good reason. Huobi is very secure and has excellent customer support, and it has a wide range of features for users to explore. Another major benefit is that they strive to keep fees low, which is, of course, a primary concern for every trader. On the other hand, the platform has low withdrawal limits and is not open to US residents. Oh well!

3. Coinbase ($4.33 million)

The third exchange on our list, Coinbase, is licensed and fully regulated in the United States. Setting the goal of "increasing economic freedom in the world" does seem to be paying off: the platform enjoys an average daily trading volume of $4.33 billion in 2021. Coinbase enjoys high liquidity and is easy to get started with, regardless of the user's background. The two main drawbacks of Coinbase are the significantly high fees unless one has Coinbase Pro, and the rather limited trading options available.

4. Bitrue($2.17 billion)

Next we have Bitrue, a Singaporean cryptocurrency exchange founded in 2018. with an average daily trading volume of $2.17 billion in 2021, which isn't bad, especially considering that the platform was hacked back in 2019. Fortunately, the exchange quickly repaid all lost funds and added additional layers of security. bitrue offers investors a myriad of features, competitive fees and high interest rates, so it's no wonder it's number four on our list.

5. xt.com($2.12 billion)

With an average daily trading volume of $2.12 billion in 2021, XT.com is almost tied with Bitrue. Some of XT.com's strengths include a high-performance matching engine that ensures speedy trading, a truly caring customer service team, and a beginner-friendly interface. That said, the platform isn't well advertised, so a lot of the finer points need to be figured out along the way.

6. FTX ($1$71 million)

The sixth exchange on our list is FTX, a diversified exchange that was launched in the Bahamas in May 2019. a daily average of $1.71 billion in 2021 puts FTX in roughly the same player category as Kraken and KuCoin. While the platform is not available in the US and has relatively high withdrawal fees in USD, the rest of the world can enjoy top-notch security, a simple and fast exchange process, and even an NFT marketplace.

7. Kraken ($1.63 billion)

On par with FTX and KuCoin in terms of average daily trading volume in 2021, Kraken is a long-time player in the market, catering to both experienced users and novices alike, just two years after Bitcoin's inception. Both secure and convenient, this American cryptocurrency exchange is one of the best places to trade on margin, something that advanced traders will surely appreciate.

8. KuCoin($1.63 billion)

Number 8 on our list is KuCoin, a well-known, secure, innovative and user-friendly platform with over 8 million users. The platform has an average of $1.63 billion per day in 2021, which is low considering the modest fees, wide range of coins and many advanced features. On the downside, the platform is not licensed in the US and you may experience some server issues.

9. Bitfinex($1.27 billion)

Bitfinex is undoubtedly one of the oldest players in this market segment, so it is a fact that it had to recover from multiple cyber attacks and strengthen its security to win the trust of its users again. That said, trading on Bitfinex is indeed well suited for intermediate to advanced investors thanks to the exchange's numerous advanced features. The Hong Kong-based centralized exchange has an average daily trading volume of $1.27 billion in 2021.

10. Crypto.com ($1.23 billion)

For every day in 2021, there are approximately $1.23 billion worth of trades on Crypto.com. While beginners may find the exchange's advanced features overwhelming at first, the learning curve pays off in the end. Crypto.com supports more than 150 cryptocurrencies, boasts low fees, and even has its own coins.

11. Gate.io ($1.18 billion)

Created in China back in 2013, Gate.io is one of the fastest growing exchanges in the world. in 2021, Gate.io has around $1.18 billion worth of transactions happening every day. The platform is easy to navigate and even has several models, such as beginners and professionals. With time, Gate.io must work on improving its security, and now investors can rest assured if they choose this exchange.

12. Binance.us ($ US$ 0.79 billion)

Number 12 on our list is Binance.us, an exchange created exclusively for users from the U.S. In 2021, the exchange had an average daily trading volume of $790 million. While advanced users may find that the exchange does not offer some of the popular assets they want to invest in, Binance.us does support more than 50 cryptocurrencies with very low fees.

13. Gemini ($ US$ 0.24 billion)

Launched in the U.S. back in 2015, Gemini has grown significantly, with an average of $24 million worth of trades per day. Whether you're a newbie or an experienced trader, Gemini's versatility guarantees you'll find something you'll love. A pretty cool bonus - the platform has its neighboring educational resource, the "Crypto Encyclopedia", which offers some quality resources for DeFi enthusiasts.

14. Bybit (US$0.16 billion for $)

It's no secret that the Bybit exchange platform, being a young platform, has some limitations in terms of functionality, but it also has a lot to offer, such as simplicity of use and good options for margin trading. We can't wait to see the development of Bybit, there is a lot of potential here! For now though, a daily trading volume of $160 million in 2021 would be a great start.

15. Bitkub ($0.13 billion)

Founded in early 2018, this Thailand-based exchange platform has 26 coins listed. bitkub welcomes users from all over the world, offers high liquidity, and shows great progress in terms of trading numbers. We believe that the daily average of $0.13 B in 2021 is nothing compared to what Bitkub will be in 2022.