Cryptocurrency exchanges are popular among traders and investors since they allow them to not only trade crypto assets but also swap them for other currencies, including fiat. The top list includes Binance, Huobi Global, KuCoin, BitGet, Yobit, WhiteBIT, and Kraken as the most popular crypto exchanges.
Traders Union experts compiled the cryptocurrency exchange rating to provide everyone with unbiased and independent details on the best crypto exchanges in 2023. The professionals researched the internal trading and client indicators of a record number of cryptocurrency exchanges, and the ByBit exchange showed itself as the clear winner in the rating based on all parameters.
Bybit, a cryptocurrency exchange, initially launched in 2018. It is a standalone derivatives trading platform that offers inverse and perpetual futures contracts with up to 1:200 leverage. The exchange has several technological advantages, including mutual insurance for market participants against potential rapid price changes. Also, there are offsets for long and short positions, as well as market depth information.
