A complete analysis of the official Bitcoin trading platforms in 2020

With the rapid development of digital currencies, Bitcoin, as one of the best, has attracted more and more investors. In 2020, many formal platforms have been launched to provide safe and convenient trading services. This article will explore in depth the formal platforms for Bitcoin trading in 2020, help readers fully understand the characteristics and advantages of major exchanges, and assist in investment decisions.

In the world of digital currency, the choice of platform is crucial. A good trading platform can not only ensure the security of user funds, but also provide a smooth trading experience and rich trading products. In 2020, with the fluctuation of Bitcoin prices and changes in the market, many trading platforms continue to optimize their services to attract more users. Among them, platforms such as Binance, Huobi, and OKEx stand out and become the first choice of many investors.

Founded in 2017, Binance has quickly become one of the world's largest digital currency trading platforms. Its user-friendly interface supports multiple languages and is suitable for global users. In 2020, Binance launched the "Binance Smart Chain", providing users with more DeFi (decentralized finance) project options, further enhancing the competitiveness of its platform. In addition, Binance has also launched the "Binance Card", which allows users to spend directly with digital currency, greatly facilitating users' daily lives.

Huobi.com also performed well in 2020. As one of the earliest digital currency trading platforms to enter the Chinese market, Huobi.com has accumulated a good reputation among users. Huobi.com not only provides spot trading, but also launches a variety of products such as futures and leveraged trading to meet the needs of different investors. In 2020, Huobi.com also actively expanded its overseas market and launched Huobi Global Station, further enhancing its international influence.

OKEx is well-known for its rich derivatives trading. In 2020, OKEx launched a variety of new contracts, attracting a large number of investors seeking high returns. The platform has extremely high liquidity, and users can conduct high-frequency trading here. At the same time, OKEx also attaches importance to user education and launched the "OKEx Academy" to provide users with rich digital currency knowledge to help them better understand market dynamics.

In addition to the above three platforms, there are many other exchanges worth paying attention to in 2020. For example, Coinbase, as the largest digital currency trading platform in the United States, is favored by users for its compliance and security. Coinbase not only supports Bitcoin transactions, but also provides trading services for a variety of mainstream digital currencies, suitable for beginners and professional investors. At the same time, Coinbase has also launched "Coinbase Pro" to provide more advanced trading functions for professional traders.

When choosing a trading platform, users need to consider multiple factors, including platform security, transaction fees, user experience, customer service, etc. In the 2020 market, more and more platforms have begun to pay attention to user experience and launched mobile applications to facilitate users to trade anytime and anywhere. In addition, many platforms also provide a wealth of API interfaces, which are suitable for users of programmatic trading.

In digital currency transactions, security is one of the factors that users are most concerned about. Many platforms ensure the security of user assets through multiple authentication methods, cold wallet storage, etc. Take Binance as an example. It uses the world's leading security technology to ensure that users' funds will not be attacked by hackers. Huobi and OKEx also attach great importance to security and continuously upgrade technology to ensure the security of user assets.

In addition to security, transaction fees are also an important consideration for users when choosing a platform. The fee structure of different platforms varies. Generally speaking, the fee for spot transactions is relatively low, while the fee for futures transactions may be higher. Users should choose a suitable platform according to their trading habits to reduce transaction costs.

In 2020, the price of Bitcoin fluctuated dramatically, bringing huge opportunities and challenges to investors. Many investors entered the market at the right time and gained considerable returns. However, the uncertainty of the market also caused many people to suffer losses. Therefore, when trading Bitcoin, users should remain rational, formulate reasonable investment strategies, and avoid blindly following the trend.

In addition to technical analysis, fundamental analysis cannot be ignored. In 2020, Bitcoin was affected by a variety of factors, including the global economic situation, changes in policies and regulations, and the participation of institutional investors. Investors should pay attention to market dynamics and adjust their investment strategies in a timely manner to cope with market changes.

It is worth mentioning that with the rise of DeFi, more and more investors have begun to pay attention to this field. In 2020, many platforms have launched DeFi projects, attracting a large number of investors. DeFi not only provides users with higher returns, but also brings new investment opportunities. However, the risks of the DeFi market are also relatively high, and users need to choose carefully to ensure the safety of their funds.

When summarizing the Bitcoin trading platforms in 2020, we found that choosing a suitable platform is crucial. Whether you are a novice or a veteran, users should choose a platform that suits their trading habits according to their own needs. At the same time, maintain a learning attitude and pay attention to market changes to be invincible in the world of digital currency.

In the future, the digital currency market will continue to develop, and more innovative platforms and products will continue to emerge. As investors, we should not only pay attention to short-term market fluctuations, but also look to the long term and understand the development trend of blockchain technology and its impact on the traditional financial system. Only through continuous learning and practice can we find our own investment path in this market full of opportunities and challenges.

In this era of information explosion, there are many ways to acquire knowledge. Investors can enrich their investment horizons through online courses, forums, social media, etc. At the same time, only by establishing a good investment mentality and staying calm and rational can they be at ease in market fluctuations. No matter which platform you choose, understanding your own risk tolerance and formulating a reasonable investment plan are the keys to success.

In short, 2020 is a year full of opportunities and challenges, especially for Bitcoin investors. Whether in choosing a trading platform or formulating an investment strategy, users should maintain keen insight and flexible adaptability to cope with the ever-changing market environment. Only through in-depth research and analysis of the market can we achieve better results in future investments.

Let us look forward to the future development of Bitcoin and other digital currencies, and hope that every investor can find their own position in this wave of digital currencies. Whether it is choosing a trading platform or making investment decisions, always keep a learning attitude and pay attention to market changes, so as to be invincible in this challenging field.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

As the Bitcoin craze gets higher and higher, it has also sprung up like mushrooms after rain. According to statistics, there are hundreds of exchanges with a certain reputation in the world. For investors, if they want to trade Bitcoin, they must choose a good exchange. Therefore, how to choose the right exchange is a very urgent problem facing every novice in the currency circle. So, what are the formal platforms for trading Bitcoin in 2020? The following editor of the currency circle summarizes the formal platforms for trading Bitcoin in 2020 for investors' reference.
 What are the regular platforms for Bitcoin trading in 2020?
1.
The network () has assets of US$3.928 billion, a total of 882 trading pairs, and a 24-hour trading volume of US$26.768 billion.
Binance is a blockchain asset trading platform created by a group of digital asset enthusiasts led by former OKCoin co-founder Changpeng Zhao (CZ). Founder Zhao Changpeng had constant disputes with his former employer Okcoin, and was not very optimistic at first, but later found that the platform's performance was quite impressive.
2. OKX
OKX () was established in 2014 with an asset strength of 169.095 billion and a 24-hour trading volume of 200.917 billion.
The interface is simple and clear, easy to operate, and users can easily trade. At the same time, OKX Exchange also provides contract trading functions, and investors can use leveraged trading to magnify their returns. Contract trading can include perpetual contracts, futures contracts and other options to meet the needs of different investors.
3. Gemini
Gemini has assets of US$589 million, a total of 6 trading pairs, and a 24-hour turnover of US$28.9396 million.
Gemini is an international Bitcoin and Ethereum site founded by the Winklevoss brothers. It is a digital currency financial investment platform and custodian that allows customers to invest and store digital assets and is directly regulated by the New York State Department of Financial Services (NYDFS).
Headquartered in New York, Gemini currently only supports investments in BTC, ETH, and Zcash, and only operates in the United States, Canada, the United Kingdom, South Korea, Hong Kong, and Singapore.
4. BitFlyer
BitFlyer has assets of US$1.555 billion, a total of 4 trading pairs, and a 24-hour trading volume of US$74.2085 million.
BitFlyer was founded in 2014 and is headquartered in Japan. Its Bitcoin trading volume ranks first in Japan.
Bitflyer was founded by former Goldman Sachs employees with the intention of filling the gap in the Japanese Bitcoin trading market after the collapse of MtGox. It has received two rounds of financing so far, with investors including Mitsubishi UFJ Capital Co., Ltd. (
Mitsubishi UFJ Capital Co., Ltd., Dentsu Digital Holdings, a venture capital company under the Dentsu Group of Japan
Holdings, Inc.), etc.
5. K-net
K.net has assets of US$2.125 billion, a total of 129 trading pairs, and a 24-hour trading volume of US$224 million.
Founded in 2011, San Francisco-based Kraken is the largest Bitcoin exchange in Euros, and can also be traded in Canadian dollars, US dollars, British pounds and Japanese yen. Kraken has been rated as the best and most secure Bitcoin exchange by independent news media. Kraken is the first Bitcoin exchange to display transaction prices and volumes on the Bloomberg terminal, the first to pass a cryptographically verified foreign exchange reserve audit, and is a partner of the first cryptocurrency bank.
6. Network
Huobi has assets of US$3.873 billion, a total of 759 trading pairs, and a 24-hour trading volume of US$14.095 billion.
Huobi Exchange, originally known as Huobi, has now been renamed HTX. In the first bull market of the cryptocurrency circle in 2017, Huobi was extremely popular and once became the world's largest cryptocurrency trading platform. At that time, nearly 200 members of Huobi had long-term experience in product development and operation in the Internet and financial fields, and were committed to creating the safest and most reliable. On December 22, 2016, Huobi.com refreshed the platform's daily Bitcoin transaction record for the 10th time, with a daily transaction volume of 5.01 million Bitcoins and a single-day transaction volume of more than 30 billion yuan. By the end of 2016, Huobi's cumulative transaction volume reached 2 trillion yuan.
7. ZBG
ZBG has assets of $105 million, a total of 80 trading pairs, and a 24-hour trading volume of $804 million.
ZBG.com was founded in Hong Kong in 2018. With its innovative, efficient and global operations, ZBG quickly ranked among the top ten in the industry in the world in a short period of time and was hailed as a new first-tier international station.
Currently, the platform supports access in seven languages, provides services to 1.8 million crypto asset investors worldwide, and has an average daily active user base of over 120,000. In the future, ZBG will continue to expand its global market and provide stable, secure, and fast blockchain project listing, crypto asset investment and other services to blockchain enthusiasts around the world.
8. KuCoin
KuCoin has assets of US$18.5676 million, a total of 301 trading pairs, and a 24-hour trading volume of US$123 million.
KuCoin is a world-renowned digital currency trading service platform that supports multiple digital asset transactions. Founded in September 2017, KuCoin has grown into one of the most popular digital currency trading service platforms, currently providing one-stop services such as currency-to-currency, fiat currency, contracts, Pool-X, and lending to 5 million users in 207 countries and regions around the world. Known as the "trading service platform for all people", KuCoin operates in Seychelles and provides users with a multi-lingual, 24/7 customer service team. At the same time, KuCoin has established localized communities in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India and other places to provide the most localized services to users in various places. In November 2018, KuCoin received a US$20 million Series A financing from IDG Capital and Matrix Partners.
9. Poloniex
Poloniex has assets of $115 million, a total of 173 trading pairs, and a 24-hour trading volume of $35.6298 million.
Founded in 2014, Poloniex, commonly known as P-net, is one of the world's leading international cryptocurrency exchanges. The Poloniex platform provides a variety of altcoin services.
Poloniex has seen very rapid growth in investment volume since the disappearance of its competitor Cryptsy in 2016, especially after the altcoin bubble in early 2017, with visits increasing from 7 million per month in February 2017 to 30 million per month in May.
Poloniex has a friendly mobile and computer service interface. This is because it is a purely digital currency international station and cannot use legal currency.
10. KuCoin
KuCoin has an asset strength of US$2.513 billion, a total of 1,318 trading pairs, and a 24-hour trading volume of US$3.211 billion.
KuCoin Exchange is world-renowned and was the first to launch the "Grid Trading Robot"
It is one of the first cryptocurrency exchanges to open lending/borrowing functions. It supports multiple digital asset transactions and provides one-stop services such as currency, fiat currency, contracts, Pool-X, lending, etc. to 5 million users in 207 countries and regions around the world.
Through the above introduction, I believe everyone has already understood the question of which are the formal platforms for trading Bitcoin in 2020. In fact, if investors want to choose a formal platform for trading Bitcoin, the simple and rough point is to choose an exchange with a large trading volume. This makes sense in itself, but it is not entirely correct, because all exchanges have API users, and just a few API users can bring the trading volume to a higher level.