Analyzing the rankings of the top 10 anonymous cryptocurrency trading platforms in the year 2025.
In the ever-evolving world of cryptocurrencies, a variety of trading platforms have emerged, each offering unique features to cater to diverse user needs. Here's a glance at some of the leading crypto exchanges, their key features, and distinct advantages.
MEXC
Established in 2018, MEXC supports over 30 million users and boasts a matching engine capable of processing up to 1.4 million transactions per second. The platform offers spot trading, futures trading, decentralised exchange, and passive income-earning products. MEXC's trading fees are among the lowest in the market, with maker trades being free of charge and spot taker fees being 0.05%.
Toobit
Toobit, a relatively new entrant in 2022, is a crypto derivatives trading platform. It offers up to 175X leverage for positions on 600 trading pairs. Toobit's fee structure is tiered, based on asset balance and 30-day trading volume. The platform does not require KYC for trades or withdrawals, but completing verification can improve security and protect personal information.
LBank
LBank, founded in 2015, stands out for its extensive selection of meme coins. In addition to spot trading, LBank offers futures trading, copy trading, and diverse earn products for passive income. LBank does not require KYC for deposits, trades, and withdrawals up to 10K USDT. For higher limits, users can verify their ID to get up to 50K USDT, with a liveness check raising the limit to 500K USDT.
PancakeSwap V3
PancakeSwap V3, the top DEX by trading volume, processes $33.60M in trades across nine blockchains in the last 30 days. The platform offers a bridging tool, perpetual trading, and lottery and prediction games. Its fee structure ranges between 0.01% and 1%.
Hyperliquid
Hyperliquid, a decentralised exchange launched in 2024, holds 25% of the DEX market share by trading volume. The platform offers up to 40X leverage on all trades and has a native token, HYPE, that users can stake for passive income. Hyperliquid's unique selling points include zero gas fees on trades, high liquidity on popular cryptocurrencies, and the Hyperliquid stack facilitating passive income.
Digifinex
Digifinex, established in 2017, is a digital asset trading platform supporting 600+ trading pairs and ranked #34 in trading volume by CoinMarketCap. The platform offers a full suite of trading products, including margin trading, derivatives trading, and a launchpad. Digifinex's trading fees vary based on trading volume, with spot trading fees ranging from 0 to 0.2% and margin fees ranging from 0.1% to 0.025%.
CoinW
CoinW, established in 2017, has about 15 million registered users. The platform offers a full suite of trading products, including copy trading and a launchpad. CoinW's base fee for spot trading is 0.2%, with users who hold the CWT token being eligible for trading discounts.
Bisq
Bisq is a decentralised exchange built on open-source software, with trades occurring on a global network of peer-to-peer traders. Bisq never holds users' crypto and requires both the buyer and seller to sign to release funds. Transactions fees are a percentage of the total trade size, with makers paying 0.1% and takers paying 0.7%.
XT.com
Founded in 2018, XT.com is a centralised crypto exchange registered in Seychelles, supporting over 7.8 million users. The platform offers ETF trading, auto-invest bot, pre-market, and derivative trading. XT.com does not require KYC for deposits, trades, and withdrawals up to a specific limit, with daily withdrawal limits capped at 200,000 USDT for unverified traders.
Changelly
Changelly, launched in 2015, is the oldest platform on the list. It allows users to swap cryptocurrencies without signing up for an account. Changelly does not require KYC; however, if their risk-scoring system flags a transaction, users may be asked for their details.
Each of these platforms caters to different user preferences, from decentralised exchanges to platforms offering a wide range of trading products. It's essential to consider your trading needs and preferences before choosing the platform that best suits you.
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