Key Takeaways
- The cryptocurrency market has seen a surge in new exchanges, each vying for a piece of the rapidly growing industry.
- These platforms offer unique features, from innovative trading tools to diverse coin listings.
- As the market evolves, staying informed about the latest emerging exchanges should at least be on your radar.
The world of cryptocurrency is, without a doubt, a fascinating one, attracting millions of professional and amateur investors alike with each passing year. If you are even a bit familiar with cryptocurrencies and their basics, then you surely know that digital currencies cannot be simply acquired from a bank.
This is where cryptocurrency exchanges come into play. In short, cryptocurrency exchange platforms are online platforms that allow you to buy, sell, or exchange cryptocurrencies for other digital currencies or traditional currencies such as the Euro or the US dollar.
Since there are thousands of cryptocurrencies out there right now, there’s no surprise that there are a staggering number of cryptocurrency exchanges, each with its own pros and cons. When choosing the suitable crypto exchange for you, aspects such as reputation, fees, payment methods, verification requirements, exchange rates, and possible geographical restrictions should be at the top of your checklist.
As a new investor, you could choose from some of the industry’s leading crypto exchanges, such as Binance, Coinbase, KuCoin, and many more, all of which have established solid reputations. Or, you could opt for some of the newest crypto exchanges that still offer some of the best and most competitive features.
We have created this guide that lays out the relatively new cryptocurrency exchanges for this year, as well as all the key features that make them worthy of your attention:
ChangeNOW
ChangeNOW is an instant cryptocurrency exchange platform that has been operating since 2018. As of 2024, this platform has continued to be a prominent player in the crypto market, offering its users a wide range of features and benefits.
ChangeNOW provides a convenient and efficient way to exchange various cryptocurrencies without the need to create an account. This non-custodial approach means that users maintain control of their funds throughout the exchange process.
Notably, one of the platform’s key features is its simplicity. Users can easily select the cryptocurrencies they want to exchange and input the desired amounts. The platform then provides a quote, including fees, and allows users to proceed with the transaction. This straightforward process makes it accessible to both beginners and experienced traders.
Changelly
Changelly has been a popular cryptocurrency exchange since its launch, and it is known for its ease of use and wide range of supported cryptocurrencies. As of 2024, it continues to be a viable option for those looking to buy, sell, or trade digital assets.
Like ChangeNOW, Changelly is an instant crypto exchange platform that provides fixed exchange rates at the time of transaction, ensuring transparency and predictability. The platform is also designed to be user-friendly, offering a straightforward process when exchanging crypto.
Notably, Changelly often integrates with other cryptocurrency services, such as hardware wallets and dApps, to enhance user experience.
Rage Trade
Rage Trade is a multichain perpetuals DEX aggregator founded in 2021 that connects users to perpetual swaps on various decentralized exchanges such as GMX, Synthetix, dYdX, Aevo, and Hyperliquid, allowing traders to find the best execution, prices, and markets for their perpetuals trades.
It is worth noting that Rage Trade’s $RAGE token was recently released; the Token Generation Event (TGE) for $RAGE concluded on August 7th, 2024. Twenty million $RAGE tokens were sold at a fixed price of $0.30 on Fjord Foundry, and an additional nine million tokens were used to seed liquidity on Hyperliquid during the TGE. Six million tokens have also been set aside for future market-making and product incentives.
Also Read: Rage Trade ($RAGE): Everything You Need To Know
BYDFi
BYDFi is a cryptocurrency exchange platform that has gained significant traction in recent years. While it may not be as well-known as some industry giants, the exchange has carved out a niche by offering a user-friendly interface, a wide range of cryptocurrencies, and competitive trading fees.
While BYDFi has been around since 2020, it is still relatively new compared to established exchanges like Binance and Coinbase. The platform has experienced rapid growth and is continuously expanding its offerings, so it can be considered a relatively new player in the crypto exchange market.
PrimeXBT
PrimeXBT is a trading platform for numerous financial products and services combined into a single account. Launched in 2018, the company is headquartered in Seychelles and caters to users interested in trading cryptocurrencies, forex (foreign exchange), commodities, and indices. The platform has gained global acclaim, with over a million users across 150 countries.
Even though the company was launched in 2018, PrimeXBT continues to expand its offerings and services. Notably, they have won several awards in 2024, including “Best Cryptocurrency Broker of 2024” by ADVFN International Financial Awards and “Best Cryptocurrency Broker Mexico 2024” by World Business Outlook.
Also Read: PrimeXBT Review: All You Need To Know
Final Thoughts
It is important to note that investing in cryptocurrencies carries risks. Investors are advised to take their time and perform extensive research before using any of the crypto exchange platforms listed here.
