centralized crypto exchanges saw over trading

In same time crypto market player forced to take care of the assets with extra caution.

Here are 7 simple ways, which allow you add more layers of protection for your crypto assets.

  • Never keep crypto currencies at the exchange for a long time.
  • Use maximum possible ways of protection at crypto exchange: two factor authentication, multi signature, etc.
  • Do not store files for access to wallet on home computer, which connected to the internet. Use cryptocurrency ledger wallet and keep it in safe place.
  • Do not use online wallets. With the exception of those, which act as an online interface like MyEtherWallet. Take a look at cold storage solutions.
  • Check addresses of the sites you are visiting, especially if we talk about crypto exchanges and similar services.


We are very excited to become the first centralized crypto exchange to support NFT ETFs that allow users to conveniently invest and trade top NFTs directly with USDT. In the future, KuCoin will keep exploring more NFT-related products for our users.”

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 20 million users in 207 countries and regions.

In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion.

These named “top-tier” crypto exchanges have increased their market share from 89% in August 2021 to 96% in February 2022, according to data collected by United Kingdom analytics company CryptoCompare published on Monday.

The firm analyzed over 150 active centralized exchanges, ranking them on security, number of assets available, regulatory compliance, Know Your Customer checks and more, grading them from a top score of AA to a low of F, with “top tier” receiving a grade B or above.

A total of 78 exchanges received a “top tier” grade, with Coinbase, Gemini, Bitstamp and Binance as the only four to receive the highest AA grading.

The report revealed that top-tier exchanges traded a total of $1.5 trillion in February 2022 compared with $62 billion in the “lower-tier” exchanges.


Centralized crypto exchanges, which hold customers’ private keys unlike decentralized exchanges, reported more than $14 trillion in trading volume in the year 2021, according to The Block Research.

That figure is a massive 689% increase compared to 2020 trading volumes, based on data as of December 24. Last year, centralized crypto exchanges facilitated over $1.8 trillion in trading volumes.

All these numbers are from The Block’s Legitimate Index, which takes volume data from the largest exchanges that are known to be reporting volumes more accurately.

Binance continues to dominate the centralized crypto exchange market. It facilitated 67% of total volumes this year, i.e., over $9.5 trillion, according to The Block Research.

Both centralized and decentralized exchanges saw a huge growth in their trading volumes this year.

NFTs through direct purchases with USDT, instead of ETH, and without concerns about managing NFT infrastructure elements, such as OpenSea, wallets, and smart contracts.

KuCoin has long held the NFT sector in special focus, as evidenced by the launch of Wonderland in April – KuCoin’s interactive NFT launch platform for crypto and traditional games. Wonderland allows users to enjoy a seamless and centralized experience in buying, investing, and managing their in-game NFTs. The month of May saw the release of Windvane, another NFT marketplace providing NFT launchpad, NFT mint, trade, management, and many other services.

Johnny Lyu, the CEO of KuCoin, stated, “As a trading platform that is maintaining its rate of penetration in the NFT sector, KuCoin will continue to offer user-friendly products for investors, allowing them to easily participate in NFT investments.

Fishing attacks are still common.

  • For Initial Coin Offering Investment, always check smart contract address on which you are going to transfer crypto. Use only data from official sources.
  • Monitor current safety and market situation. Join trusted crypto telegram channels, to receive up to date information.

    It will allow you to keep your assets safe and multiply them. Communicate with other traders and learn.

  • In conclusion

    Although decentralized exchanges not as popular as a classical one, they move the crypto community in the right direction away from centralization.

    In a current market state such they influence should not be underestimated, as they soon could and will make even the biggest centralized exchanges obsolete.

    Centralized exchanges have high-security requirements for the user, in the same time not able guaranty funds safety.

    They poorly understood how safely handle cryptocurrencies and trading right way.

  • High Commissions – Despite trading at exchange on his own risk, user still paying exchange huge commissions for operation with cryptocurrencies. Deposition and withdrawal of funds also get charged with fees.
  • Is there any Alternatives?

    Lack of proper security, transparency, and independence from third parties among centralized exchanges leads to increased interest in decentralized exchanges. Nowadays we see more and more decentralized exchanges which work by new rules.

    In the foundation of such platforms, there is no place for the third party.

    All handled by decentralized smart contracts, which track all transactions.

    Chinese-based exchanges close, with the analysts adding:

    “As we have seen, volumes have started to become concentrated amongst the top tier exchanges, and this is a trend which is bound to continue into the future. As the industry matures, we expect there to be an oligopoly of exchanges dominating trading volumes as their traction accelerates and smaller players are left behind.”

    The report surfaced some challenges which lay ahead for the cryptocurrency exchange industry, highlighting the political pressure put on exchanges to enforce Russian sanctions as an area that could see more action.

    “While many exchanges have resisted this pressure,” the analysts wrote, “this political factor is an important risk to consider for the future of exchanges.”

    The movement of crypto users that prefer self-custody of assets was also an issue flagged in the report.

    CryptoCompare claims that this metric shows “both retail and professional traders are moving to lower risk exchanges.”

    Consolidation of exchanges has happened through both exchange closure and acquisitions from other, larger exchanges. Top crypto exchanges eyeing overseas expansion sometimes acquire already licensed smaller exchanges operating in the country of interest, as was the case with FTX’s acquisition of the Japanese Liquid Group exchange on February 2, 2022.

    The firm reported that since June 2019, 54 exchanges have closed due to being uncompetitive in the market, which has caused further consolidation of users to top-ranking exchanges.

    Broadly speaking, there are two categories of crypto exchanges: centralized exchanges and decentralized exchanges. Each category comes with its own advantages and disadvantages.

    Centralized Exchanges

    Centralized crypto exchanges (CEX) are managed by one organization. Centralized exchanges make it easy to get started with cryptocurrency trading by allowing users to convert their fiat currency, like dollars, directly into crypto.
    The vast majority of crypto trading take place on centralized exchanges.

    Some crypto enthusiasts object to centralized exchanges because they go against the decentralized ethos of cryptocurrency. Even worse in the eyes of some crypto users, the company or organization may require users to follow Know Your Customer (KYC) rules.

    Centralized crypto exchanges, which hold customers’ private keys unlike decentralized exchanges, reported more than $14 trillion in trading volume in the year 2021, according to The Block Research.

    That figure is a massive 689% increase compared to 2020 trading volumes, based on data as of December 24. Last year, centralized crypto exchanges facilitated over $1.8 trillion in trading volumes.

    All these numbers are from The Block’s Legitimate Index, which takes volume data from the largest exchanges that are known to be reporting volumes more accurately.

    Binance continues to dominate the centralized crypto exchange market. It facilitated 67% of total volumes this year, i.e., over $9.5 trillion, according to The Block Research.

    Both centralized and decentralized exchanges saw a huge growth in their trading volumes this year.

    You need to buy low and sell high to get profit, just like with investments in fiat money.

    In most cases, crypto enthusiasts do not limit themselves with only one trade platform.

    For example one crypto exchange used for day to day trade high liquidity assets, second for trading with high liquidity altcoins, third platform for buying new security tokens for holding, and fourth for buying and selling crypto tokens etc. Choosing the best cryptocurrency exchange is very important for future success in crypto trading.

    What are the Differences Between Cryptocurrency Exchanges?

    At this day there are about 200 exchanges in the world total. Most famous and most visited centralized exchanges — are Bithumb, Bitfinex, Bittrex, Poloniex, Kraken, GDAX, Coinbase, Gemini.

    Each has they own advantages and disadvantages.

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