Deep liquidity and high-reward activity are the two main charms of popular crypto exchanges that appeal user around the globe. In crypto world, liquidity is defined as the ability of any digital asset or coin to be converted within cash or other coins.
When it comes to trading digital assets, liquidity is important aspect every trader should consider. low liquidity levels on an exchange means that there are chances of high market volatility which cause spikes in prices of crypto assets. Whereas high or deep liquidity, means that the market is stable and there are minimum fluctuations in asset prices.
This list of most popular crypto exchanges with deep liquidity will help you choose a platform that can add value to your crypto investment portfolio.
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Popular Crypto Exchanges in 2021
Let’s dig into some of the most popular crypto exchanges with deep liquidity and their positive attributes.
HitBTC
This exchange ranks first in this list of popular crypto exchanges, the platform has implemented a number of initiatives to bring user and increase its credibility.
The platform was first introduced by well-versed technology experts and system architects. The key technology behind their top-tier security custody is multilevel in-house cryptography and HDKey. The platform has an interactive UI which is admired by both new and advanced traders. The platform has a strict policy against any kind of third-party software, making this exchange an integrated solution for crypto traders.
The company claims that the platform has never been hacked because of its high-end security protocols which gives it an edge over other popular crypto exchanges in the market. Additionally, HitBTC was one of the very first to introduce REST, FIX, API, and WebSocket which are fast and advanced APIs for automatic and algorithmic trading. The exchange has a Fee Tier system in place which allows active traders to enjoy trading fee discounts on their frequenting trading.
Binance
One of the most prominent developments in 2017 was the establishment of Binance which is now one of the market’s top-rated and popular crypto exchanges. The platform has impressive trading volume and millions of users across the globe. It is one of the most popular crypto exchanges that is praised for its smooth workflows, interactive UX, and multiple trading options and products. Binance features impressive trading incentives and discounts which attracts a great deal of users. Moreover, the platform offers support to a vast range of crypto assets with maximum market cap. The exchange has its own native asset known as the BNB token and users can avail further discounts if they purchase, sell, or invest in BNB.
In 2020, Binance also introduced the option of derivatives trading to its new and exciting users. Traders can avail up to 100X leverage in margin trading and add value to their investment portfolios.
Bitfinex
It is one of the earliest and popular crypto exchanges in the crypto sphere that was introduced in 2012. Since then, the exchange has never failed to amuse its users when it comes to trading options and products. The exchange experiences a million dollars of trading volume on a daily basis offering deep liquidity. Bitfinex is very famous for its BTC shorts and longs indicators that are a great help for new traders. Fiat trading is another positive attribute to Bitfinex however, despite its obvious benefits you still need some background knowledge or hands-on experience with crypto trading to get started with this platform.
Huobi
This one of the most popular crypto-exchanges that deal with the Asian market. It a remarkable creation of Huobi Global that is also the creator of HADAX “HADAX, the Huobi Autonomous Digital Asset Exchange”. Huobi developed its own stablecoin HUSD supported by the US dollar along with its very own HT utility coin that it markets by featuring various fee discounts and incentives. The platform has been in the market from 2013, and since then it has adjusted to worldwide trends of crypto trading. It is generally applauded for its wide scope of crypto options, high-end security initiatives and smooth UX.
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Conclusion
In a conclusion, all the above explained popular crypto exchanges had their mark in the crypto market on the basis of their high trading volume, customer support, interactive UI, and security measures. However, if you are not familiar with crypto trading then conduct detailed research before selecting and investing in any crypto exchange.