Crypto.com has topped charts in Northern American crypto markets, surpassing industry behemoth Coinbase. According to the data, Spot trading volume on Crypto.com increased from $34 billion in July to $134 billion in September.
In September, there were $183 billion in total trading volumes on North American cryptocurrency exchanges, with Coinbase handling $46 billion.
This increase in trading volume and being the top of the list is a second streak for Crypto.com, after having the same lead in July as well. In July, Crypto.com had first surpassed Coinbase, and as of October, it remains in the lead.
The exchange has seen $112 billion in trading volume so far this month, out of the $173 billion that has been traded on regional exchanges.
Why Is Crypto.com Gaining Popularity?
The variety of tokens available may be a major factor in Crypto.com’s appeal. It lists more than 378, from the standard Bitcoin and Ether to memecoins like book of meme (BOME) and ecosystem tokens like deBridge and Jupiter’s JUP.
In contrast, Coinbase and Kraken offer fewer than 290 tokens each, making them more selective. A major reason behind this is Coinbase being its listed company has lesser listed coins. A minor drawback for the platform is Coinbase’s more constrained selection, despite its reputation for simplicity and suitability for novices.
Crypto.com Leads Security Parameters
Additionally, Security.org has listed Crypto.com as one the safest cryptocurrency exchanges available. The entire amount of client money is kept in cold wallets, out of hackers’ reach.
Additionally, it permits multi-factor authentication, holds withdrawals to new addresses for 24 hours, and offers round-the-clock customer service in case one needs to report unauthorized activity on your account.
Every action one takes on Crypto.com requires a person to input a passcode. Every time a withdrawal is made, the platform also provides a two-factor authentication (2FA) code from email and phone. Crypto.com refers to this as “multifactor authentication.” It offers several barriers that a hacker must get past in order to successfully steal a person’s money.
Additionally, the platform’s fee drop with large holdings of the CRO currency or high trading volume, are capped at 0.75%.This gives it add on advantages over other crypto exchanges who have a higher fee for thier customers.
Crypto.com’s mobile app, accessible on iOS and Android smartphones, serves as its main hub. The ease of application usage in terms of viewing portfolio and a list of well-liked assets helps traders stay away from cumbersome process.
Also read: Coinbase Delist DESO To Maintain Listing Standards