Three Asian Cryptocurrency Exchanges To Consider For Your Portfolio In 2022

Twitter icon  •  Published 1 month ago  •  Mark Weaden

The fast-moving cryptocurrency industry has experienced a huge influx of new companies and ideas that have opened up new doors and opportunities

The fast-moving cryptocurrency industry has experienced a huge influx of new companies and ideas that have opened up new doors and opportunities. One of the most prominent types of business in crypto is exchanges, which are based all over the world.

In the U.S. it’s Coinbase that has managed to grab the majority of the market, as well as expand its operations globally. While in Asia, it’s Binance and KuCoin that take the lion’s share of the market. But, which other cryptocurrency exchanges based in the Orient are worth considering?

With an overabundance of trading platforms to choose from, it can be difficult to find the right one. We’ve streamlined that process for you here, with the top three Asian cryptocurrency exchanges to possibly add to your portfolio this year. 

LBank 

We often don't bring up our LBank exchange review, as it's one of the lesser-known platforms, but one that has been active for many years now. This Hong Kong-based exchange has a first-rate mobile app, allowing you to track your portfolio and monitor market movements on the go.

With the emergence of derivatives crypto trading, we’ve seen a huge demand from the community for more access to perpetual futures options. LBank’s seamless trading experience provides a great place to get involved in hedging on crypto.

LBank has a great range of cryptocurrencies, which often suits both experienced and novice traders. The platform offers excellent rates on many of the high trading volume coins and reliable service. But, we should mention, that one downside is that it only accepts cryptocurrency deposits. 

KikiTrade

A unique platform, offering innovative technology and commission-free crypto transactions. KikiTrade is aimed at novice investors, with an easy-to-use interface and a social trading feature to make the crypto trading space more palatable for newcomers. 

The social trading feature allows users to copy traders’ strategies, literally copying their trades and profiting from their success. On top of that, there are various social activities, giving users a forum to discuss industry topics and news as well as participate in polls on the social feed section.

What makes the exchange really stand out from others in the Orient is its zero trading fees. The app soared in popularity in 2021, with 2000+ app downloads a day and cementing itself as one of the top Hong-Kong based providers.

Huobi Global

Starting out as a little boutique exchange back in 2013, Huobi has really gone global. The company now has offices in South Korea, Japan, Hong Kong, and the United States. With an extensive range of coins to choose from, the exchange has gained a huge userbase and stands as one of the biggest in Asia.

Huobi boasts over 1 million traders, with a daily trading volume of around $1.2 trillion. There are an array of tools and unique features to help boost the overall trading experience. The Huobi platform has price charts, trading statistics, real-time market data, and a variety of great payment methods to use. 

To cater to the growing wave of crypto newcomers, Huobi has a handy guide to help traders become familiar with the platform and the markets in general. Users will also have access to various fiat currencies, including the Chinese yen, Hong Kong dollar, Vietnamese dong, and Malaysian ringgit, and offers fee-free BTC purchases. 

Closing Thoughts

As is the case with any kind of exchange, it’s worth investigating the finer details to see if the platform has the right coins and fees to match your portfolio. But, looking at what we’ve reviewed here, Huobi Global and KikiTrade are focused on spot trading and offer a wide range of coins, while LBank has its own unique appeal as it’s focused more on derivatives trading. 

Author

Mark Weaden

Mark Weaden is a British researcher and crypto enthusiast, living in Barcelona. His work has been published on a variety of leading cryptocurrency sites.

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