What is the liquidity landscape across exchanges?

There are over 190 crypto exchanges currently operating, with the top 100 seeing between $12.5 million and $3 billion in 24-hour volume according to CoinMarketCap. Put simply, exchange liquidity varies considerably.

According to CoinMarketCap’s liquidity measurement at the time of writing, the liquidity of the 50 exchanges tracked ranges between $1.9 million and $68.5 million. The top spot, at $68.5 million — over $12 million ahead of the next exchange — is held by HitBTC, which also boasts the largest number of trading pairs (836 compared to the runner-up, with 597) and a long history of no hacks since launch in 2013.

These metrics change regularly, however, meaning it’s a good idea to keep track of the shifting liquidity landscape through sites like CoinMarketCap.