Trading cryptocurrencies can be done in a way that it can yield instant profits when done through platforms like TurboXBT, a short term synthetic digital assets exchange.
The cryptocurrency ecosystem has grown by more than a mile in the past decade, and while the first pioneering crypto exchanges like Mt.Gox met their waterloo through hacking, newer platforms that are offering unique services to traders have emerged over time and this article highlights the top for in service this 2022.
The Top 5 Cryptocurrency Trading Platforms for 2022
In no particular order, these trading platforms are revolutionary and should be checked out by traders for their customized offerings;
- TurboXBT
TurboXBT is one of the most innovative digital assets trading platforms around today that offers the simplest trading experience for all users. It’s product offering is quite different as it permits users to trade synthetic assets in a relatively short period of time.
- Binance
Binance is a centralized exchange that is currently regarded as the world’s largest cryptocurrency exchange platform by trading volume. It’s stability and diversity makes it ranks as one of the top 5 trading venues of 2022.
- Coinbase
Coinbase is an American cryptocurrency exchange that is one of the oldest in operations today. It was founded in 2012 by Brian Armstrong and has since grown to become a publicly-traded company. It offers a number of diverse crypto services that makes it a good trading platform today.
- FTX Derivatives Exchange
One of the biggest cryptocurrency exchange unicorns around. FTX Derivatives Exchange is a stable, reliable and highly liquid platform that offers derivatives products on a wide variety of crypto and digital assets.
- Uniswap
Uniswap is a decentralized exchange, one that pioneered the Automated Market Maker (AMM) trading engine that characterized the decentralized finance offshoot of cryptocurrencies trading.
TurboXBT
Of all the listed trading platforms for cryptocurrencies in 2022, TurboXBT is the newest, however, one with so many great potentials. The trading platform offers synthetic assets or a virtual asset that tracks the price of an underlying asset in the exact same way. TurboXBT was built as a very simple to use trading engine where users can register, place a trade and cash out in a matter of minutes.
TurboXBT supports short term trades for Bitcoin (BTC) and Ethereum (ETH), two of the 17 assets that are currently hosted on the platform. Trades on TurboXBT are predicated on the successful prediction of price fall or gain in the listed assets pair, with the trading order opened for just 30 seconds to 15 minutes.
The digital currency component of TurboXBT comes with some of the highest Payout rates on the platform, albeit, volatility often causes this price to dwindle. With TurboXBT, users do not get to submit Know Your Customer (KYC), proffering a high level of freedom to new users. The platform also charges no commission on deposits and withdrawals of funds, an allowance that is targeted at giving the exchange’s users more value for their capital and winnings.
Placing an actual trade on TurboXBT has been super simplified and can be achieved following this prompt; the user selects the asset pair to trade, for example, the BTC/USD pair. A suitable time frame that is visible on the chart interface is then chosen, and the trade is executed by clicking either the green UP button for the upward trend or the red DOWN button to bet on price falls. Trade winnings are dependent on whether the traded pair gained or lost in value within the set time limit.
The benefits of using TurboXBT are ever-evolving, however, users can be guaranteed high profits, instant payouts, multi-language support and highly responsive customer service amongst others.
Binance
Binance was established in 2018 and has since risen to the top of the ladder in terms of trading volume for both spot and derivatives offerings. Since its inception, Binance has expanded its offerings to include staking, yield farming, launchpads and Non-Fungible Tokens (NFTs) amongst others.
With more than 400 assets currently hosted on the Binance exchange, it is undoubtedly a pacesetter. Binance has a tough security provision, and the exchange has not suffered a major hack or protocol breach, one that has driven more retail traders to the platform. The exchange also backs the Binance Smart Chain protocol, a blockchain network that houses numerous smart contracts and tokens. This in-depth reach of the exchange is evidence of its sustained performance when compared to its pairs.
Coinbase
Coinbase caters to users in the United States, one of the markets with the strictest rules governing financial markets. Despite the regulatory stance of US watchdogs, Coinbase is thriving, making it a very welcome trading platform for users who place a premium on pitching tents with a highly regulated exchange.
As a publicly-traded outfit, Coinbase enjoys investors’ money, and it is using these funds to make acquisitions and to expand its custody and other product offerings for the benefit of its users.
FTX Derivatives Exchange
FTX Derivatives Exchange enters the digital assets trading world with the goal of bridging the gap between derivatives offerings in the mainstream financial ecosystem and the nascent crypto world. The platform has a subsidiary in the United States and is expanding into new markets, thanks to more than $1 billion received in funding in 2021.
FTX is trusted, stable, and suitable for traders looking for more advanced crypto product offerings than regular spot buying and selling.
Uniswap
Decentralized Finance is part of the evolution being witnessed in the digital assets trading world, and Uniswap is a legacy exchange catering to this niche market. Uniswap is an Automated Market Maker that functions differently from centralized exchanges that brandish order books, rather than making it possible for users to swap tokens in a non-custodial way.
Uniswap is built on the Ethereum Blockchain, and though conducting transactions on the platform can incur very high fees, many DeFi lovers still prefer the platform for its robustness and its pioneering advantage.
Dynamic Ecosystem with Changing Rankings
Volatility in the digital currency trading ecosystem is embodied in key aspects of the industry, including in the ranking of brokerages operating in the space. While TurboXBT has an upper hand in relation to its diverse assets supported, the platform is responsive to the needs of users and is ever ready to innovate as it looks to secure its position in its niche area.
