Bitmex, Bitpanda, and Kucoin are three popular cryptocurrency exchanges.
Bitmex was founded in 2014 in the US, but is now based in the Seychelles. It is most famous for trading crypto derivative products such as futures.
Bitpanda was also founded in 2014, but in Europe, in Vienna. It is by far one of the largest European crypto exchanges.
Kucoin, on the other hand, was founded in 2013 in China, but later moved to Singapore and Hong Kong because of the Chinese ban on cryptocurrency trading. However, it is also based at Seychelles.
Bitmex, Bitpanda and Kucoin: volumes compared
By daily trading volumes on spot markets, none of the three exchanges are in the very top positions globally.
After all, Bitmex for example, is mainly used to exchange derivatives, so spot token exchanges are almost negligible.
Bitpanda is one of the largest European exchanges, but Europe is certainly not the largest crypto market in the world. So its daily spot trading volume is not very high, around $1
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