Top Crypto Exchanges: Binance, Coinbase Exchange, Bybit, OKX, Upbit
Top 5  Cryptocurrency Exchanges to Know in 2024
Exploring the right cryptocurrency exchange can be tough with so many options available. To make it easier for you, we’ve put together a user-friendly guide to the top five exchanges for 2024. Whether you're a beginner or an experienced trader, this list covers everything from trading volume and liquidity to supported markets and standout features. Let’s dive into the top contenders:
1. Binance
Founded in 2017 by Changpeng Zhao (CZ) and Yi He, Binance has grown to be the world’s biggest crypto exchange in terms of trading volume, handling an impressive $69.5 billion daily. With a user base of over 90 million, Binance provides access to more than 350 cryptocurrencies. The platform isn’t just an exchange; it’s an ecosystem with features like Binance Labs, educational content, and NFT services.
Key Features : 
Fee Structure: Spot trading fees start at 0.10%, with margin trading available up to 10X leverage.Accessibility: Restricted in regions like the U.S., Singapore, and Ontario (Canada) due to regulatory issues.Average Liquidity: 849Weekly Visits: Over 10 millionMarkets Available: 1,660Coins Supported: 434Fiat Supported: EUR, GBP, BRL, and more
2. Bybit
Bybit, launched in 2018 by Ben Zhou, has positioned itself as the second-largest exchange by trading volume, processing around $12.8 billion daily. It’s popular among over 40 million users for its robust spot trading and extensive derivatives offerings, allowing up to 100X leverage. Bybit’s trading fees start at 0.10%. However, it’s not available in the U.S., UK, and mainland China due to local regulations.
Key Features: 
Average Liquidity: 606Weekly Visits: Over 4 millionMarkets Available: 1,041Coins Supported: 686Fiat Supported: USD, EUR, GBP, and others
3. Coinbase Exchange
Founded in 2012 by Brian Armstrong and Fred Ehrsam, Coinbase is a go-to for beginners due to its user-friendly interface. Handling about $11.6 billion in daily trading volume, it supports over 150 cryptocurrencies. Trading fees on Coinbase range from 0.00% to 0.60%, and the platform offers up to 3X leverage for certain users. Coinbase is available in over 100 countries but may face restrictions in specific regions.
Key Features:
Average Liquidity: 704Weekly Visits: Over 35,000Markets Available: 409Coins Supported: 262Fiat Supported: USD, EUR, GBP
4. OKX
Previously known as OKEx, OKX was established in 2017 under Star Xu’s leadership. It is known for its wide variety of trading options, including spot, futures, and options. The exchange handles approximately $12.5 billion in daily trading volume and supports over 350 cryptocurrencies. OKX allows up to 125X leverage on derivatives, with fees starting at 0.10%. However, it’s not available in the U.S. due to regulations.
Key Features:
Average Liquidity: 611Weekly Visits: Over 5 millionMarkets Available: 776 Coins Supported: 302Fiat Supported: AED, ARS, AUD, and more
5. Upbit
Founded in 2017 by Song Chi-hyung, Upbit is South Korea’s largest cryptocurrency exchange. With a daily trading volume of about $17.1 billion, it supports more than 180 cryptocurrencies. Upbit’s trading fee for KRW pairs is as low as 0.05%, but it does not offer leverage trading. The platform restricts services in high-risk countries as defined by FATF.
Key Features:
Average Liquidity: 543Weekly Visits: Over 1 millionMarkets Available: 380Coins Supported: 217Fiat Supported: KRW
Conclusion
Each of these top cryptocurrency exchanges brings something unique to the table. Binance leads in volume and diverse features, Bybit is ideal for derivatives trading, Coinbase shines with its beginner-friendly approach, OKX offers a wide range of options, and Upbit holds its ground as the most prominent exchange in South Korea. Choose the exchange that best suits your trading style, security needs, and fee preferences.

Visit: CoinGabbar
#cryptoexchange #Binance #coinbase #bybit #OKX

There have been many predictions about the potential price of BTC in 2024, as Bitcoin halving is expected to happen in about four months, or roughly 120 days. Some experts believe that Bitcoin's price could reach at least $100,000, while others, such as Authur Hayes and Samson Mow, think that the crypto king could reach $1 million.
This week, Bitcoin's price dropped by 4.84% compared to the previous week, but it is still trading at around $41,800. Despite this slight decline, there were several important news stories you will find interesting. 
Let's take a closer look at them.
For transparent and decentralized crypto trading and to list your crypto token for free, don’t forget to visit our website and follow Melega Finance (@melegadex) on Twitter for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (DECEMBER 10–DECEMBER 16, 2023)
●      The Ethereum Community Adopts ERC-3643 as Standard for Compliant Asset Tokenization
●      SafeMoon Blockchain Firm Files for Bankruptcy Amid Fraud Allegations
●      Ledger Security Breach Impacts Ethereum DApps in $500,000 Hack
●      SEC Holds Another Crucial Talks with BlackRock on Bitcoin ETF Approval
●      CoinList Settles $1.2M with OFAC Over Crimea Transactions
●      OKX DEX Faces $2.7M Hack Due to Leaked Admin Key
The Ethereum Community Adopts ERC-3643 as Standard for Compliant Asset Tokenization
The Ethereum community has adopted ERC-3643 as a standard for compliant tokenization of real-world assets (RWAs). This Ethereum Improvement Proposal (EIP) has been formally reviewed, discussed, and agreed upon. ERC-3643 focuses on securities tokenization, payment systems, and loyalty programs, verifying users' eligibility for tokens via a self-sovereign identity framework. It incorporates two permission layers for enhanced security and compliance. 
Asset tokenization is expected to grow to a market worth $10 trillion by 2030, offering benefits such as increased liquidity and faster settlements. Notable companies exploring this technology include JPMorgan, Goldman Sachs, and Societe Generale.
#Safemoon Blockchain Firm Files for Bankruptcy Amid Fraud Allegations
Blockchain firm SafeMoon has filed for Chapter 7 bankruptcy after its founder and two executives were indicted on fraud charges. The trio allegedly used $200 million of clients’ funds for personal gain, leading to a significant impact on the price of the SFM token. The bankruptcy filing has left former employees unpaid and caused frustration among investors, with allegations of being scammed. The token's price has experienced significant fluctuations, and the company had previously suffered a net loss of $8.9 million due to exploitation in March.
#Ledger Security Breach Impacts Ethereum DApps in $500,000 Hack
Several Ethereum-based applications, including Zapper and SushiSwap, faced compromise due to a Ledger security breach, affecting decentralized finance (DeFi) projects. Ledger, the crypto hardware wallet manufacturer, fixed the malicious code, urging users to employ "Clear Sign" transactions. 
 
The breach, termed a "supply chain attack," resulted in a potential loss of over $500,000. Ledger's CEO assured users the incident was isolated, caused by a phishing scam affecting a former employee. While such crypto exploits stain the industry, they also prompt lessons and opportunities for improvement. Tether's swift response further highlighted the community's ability to track and freeze affected addresses.
SEC Holds Another Crucial Talks with #BlackRock on Bitcoin ETF Approval
Another week, another Crypto spot ETF meeting. The United States Securities and Exchange Commission engaged in a third meeting with BlackRock, discussing the proposed rule change for a spot Bitcoin exchange-traded fund (ETF). The regulator is intensifying discussions with major asset managers, including Grayscale, Franklin Templeton, and Fidelity, aiming to address concerns about market manipulation and investor protection.
The SEC plans to make decisions in early January on several spot Bitcoin ETF applications, potentially paving the way for cryptocurrency trading on Wall Street's major exchanges.
#CoinList Settles $1.2M with OFAC Over Crimea Transactions
Cryptocurrency exchange CoinList has agreed to a $1.2-million settlement with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) for allegedly facilitating 989 transactions in apparent sanctions violations. OFAC stated that CoinList's screening procedures failed, allowing users to misrepresent themselves as residents of non-embargoed countries while providing Crimea addresses. 
 
While the violations were deemed "non-egregious," CoinList cooperated with authorities. The settlement follows similar actions against crypto firms like Poloniex and Binance, emphasizing heightened scrutiny on sanctions compliance within the industry.
#OKX DEX Faces $2.7M Hack Due to Leaked Admin Key
The OKX decentralized exchange (DEX) fell victim to a $2.7 million hack on December 13, triggered by a leaked private key of the proxy admin owner. The attack exploited vulnerabilities during contract upgrades, prompting the removal of the compromised DEX proxy from the trusted list. 
Despite claims of an old abandoned contract being attacked, blockchain security firms confirmed losses, emphasizing that decentralized platforms aren't immune to risks. The incident contributes to a concerning trend, with the crypto industry facing $1.5 billion in losses from hacks, exploits, and scams in 2023.
NEWS FROM MELEGA ECOSYSTEM
GrokXmas (GXM) Listed on MelegaSwap
The GrokXmas Family presents not just a token but an immersive festive experience coupled with exciting gaming utility. Picture a world where abundant tokens meet blockchain magic, and the community holds the reins to future developments.
•••
Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.