Based on 24h trading volume:
- #1 Recommended: $4.3B — good but lower than Binance
- Bybit: $4.9B — good but lower than Binance
- OKX: $5.2B — good but lower than Binance
- Binance: $12.8B — best liquidity by far
What this means for you:
- Higher liquidity = lower slippage (price doesn't move as much when you buy/sell)
- Binance has the deepest order books — best for large trades
- For small trades ($1k-$10k), any of these are fine
If you're trading big size, stick with Binance or OKX. If you're a small trader, it doesn't matter much.