An exchange or exchange-traded is a regulated market in which tradable securities, commodities, currency exchange, futures, and options are bought and sold.
An electronic trading platform also known as an online trading platform is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products can be traded by the trading platform, over a communication network with a financial intermediary, or directly between the participants or members of the trading platform. This includes products such as stocks, bonds, currencies, commodities, derivatives, and others, with a financial intermediary, such as brokers, market makers, Investment banks, or stock exchanges. Such platforms allow electronic trading to be carried out by users from any location and are in contrast to traditional floor trading using open outcry and telephone-based trading. Sometimes the term trading platform is also used in reference to the trading software alone.
Electronic trading platforms typically stream live market prices on which users can trade and may provide additional trading tools, such as charting packages, news feeds, and account management functions.
Some platforms have been specifically designed to allow individuals to gain access to financial markets that could formerly only be accessed by specialist trading firms.
Electronic trading platforms are usually mobile-friendly and available for Windows, iOS, and Android. All you have to do is choose the exchange platform that suits you, create an account, and start the exchange process.
You can view the 10 most popular exchange platforms in the world and start your trading today
The Top 10 popular Exchanges platforms on the internet:
(Top Cryptocurrency Spot Exchanges) according to CoinMarketCap ranks
1- Binance
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of the trading volume.
Binance was founded by Changpeng Zhao, a developer who had previously created high-frequency trading software. Binance was initially based in China but later moved out of China due to China’s increasing regulation of cryptocurrency.
2- Coinbase-Pro
Coinbase Pro is a trading platform for individual traders and crypto enthusiasts. It offers a secure and easy way to buy, sell, and trade digital assets online instantly across various trading pairs.
3- Huobi-Global
is a Singapore-based cryptocurrency exchange. Founded in China, the company now has offices in Hong Kong, Korea, Japan and the United States. In August 2018 it became a publicly listed Hong Kong company.
Following a 2017 ban on Bitcoin exchanges by the Chinese government, Huobi stopped Bitcoin withdrawals.Huobi China continues to operate as a blockchain consulting and research platform.
As of March 2018, Huobi processed around US $1 billion in trades daily
4- Kraken
Kraken is a US-based cryptocurrency exchange, founded in 2011. The exchange provides cryptocurrency to fiat trading and provides price information to Bloomberg Terminal. As of 2020, Kraken is available to residents of 48 U.S. states and 176 countries and lists 40 cryptocurrencies available for trade.
5- Bitfinex
Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc.
which is headquartered in Hong Kong and registered in the British Virgin Islands.
6- Bitstamp
Bitstamp is a bitcoin exchange based in Luxembourg. It allows trading between fiat currency, bitcoin, and other cryptocurrencies. It allows USD, EUR, GBP, bitcoin, XRP, ethereum, litecoin, bitcoin cash, XLM, Link, OMG Network, USD Coin, or PAX deposits and withdrawals.
The company was founded as a European-focused alternative to then-dominant bitcoin exchange Mt. Gox. While the company trades in US dollars, it accepts fiat money deposits for free only via the European Union’s Single Euro Payments Area, a mechanism for transferring money between European bank accounts. Bitstamp offers an API to allow clients to use custom software to access and control their accounts.
7- Upbit
Upbit is a South Korean cryptocurrency exchange. It was founded in 2017
8- Bithumb
Since its launch, Bithumb has developed from a Korea-focused cryptocurrency exchange to one that serves the global market. Bithumb aims to become a comprehensive digital financial corporation based on the blockchain.
9- KuCoin
The KuCoin Exchange opened for cryptocurrency trading in September 2017 which is located in Seychelles. The KuCoin Exchange places an emphasis on the quality of the projects listed based on a research department that scours the blockchain industry for quality projects. KuCoin provides an exchange service for users to conduct digital asset transactions securely and efficiently. Over time, KuCoin aims to provide long-lasting, increased value to its more than five million registered users, in over 100 countries. In November 2018, ‘The People’s Exchange’ officially partnered with IDG Capital and Matrix Partners.
10- FTX
The FTX describes itself as a crypto derivatives exchange. FTX offers products including derivatives, options, volatility products and leveraged tokens. The team reportedly comes from Wall Street quant firms and tech companies including Jane Street, Optiver, Susquehanna, Facebook, and Google.
Source:
https://www.merriam-webster.com/dictionary/exchange
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