The Kava Layer 1 chain is active in DeFi. It has a prominent role in the Cosmos ecosystem and its IBC. Nonetheless, you can buy the KAVA token on plenty of centralized exchanges (CEXs). It shows how successful the Kava chain is.
So, let’s dive into the top centralized exchanges on Kava.
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Binance is currently, by far, the biggest centralized exchange in the world. It has a daily volume of $9.225 billion. That’s almost eight times as much as #2 Coinbase. Binance also has 74 million monthly visitors. That’s almost twice as many as Coinbase. In other words, Binance is a dominant factor in the crypto space. US residents don’t have access to Binance. Luckily, US residents do have access to Binance US.
Another nice feature is that Binance shows their Proof of Reserves. Currently, Binance offers 359 coins and 1,421 trading pairs. It also offers a wide range of other features. For example:
- Future and perpetual trading
- Various staking options
- Margin trading
- A launchpad
- Dual investment
- ETH staking
For KAVA, it offers up to 24.9% on staking if you lock your KAVA up for 120 days. There are also 90-, 60-, and 30-day options. The rewards are, respectively, 16.9%, 14.9%, and 12.98%.
So, it’s a diverse CEX that gives you plenty of options. However, having said that, their wallets are custodial. You are not in charge of the private keys. Do you remember this phrase? Not your keys, not your money! That counts for almost all CEXs though, not only for Binance.
Binance also has its native token, BNB. If you pay transaction fees with BNB, you receive a discounted fee. According to market cap, BNB takes fourth spot of all cryptocurrencies. Another sign of a successful centralized exchange. The picture below shows the CEX ranking by daily volume.
The Kraken centralized exchange comes in at spot #12 by daily volume. Unfortunately, Kraken doesn’t show its Proof of Reserves. On daily volume, it reaches $575 million. This exchange currently sees around 5.99 million monthly visitors. Good news for US residents, though, as that Kraken is available to US residents. However, not when you live in New York or Washington. Their headquarters is in San Francisco, California.
Kraken offers 220 coins and 650 trading pairs. Here are some other features that Kraken offers, for instance:
- Margin trading
- OTC or over the counter
For KAVA, Kraken offers an earn option by staking KAVA. Rewards are between 5%-15% APY.
The exchange also offers a Pro version. This is more down the alley for advanced traders. It gives, for instance, access to:
- Margin trading
- Next-level charting tools
- Advanced order types
However, if you don’t need these advanced features, Kraken is good as it is. It offers an easy-to-use, straightforward trading experience and platform. The picture below shows the KAVA earn option on Kraken.
MEXC Global takes the 10th spot by daily volume. It does show its Proof of Reserves as well. Their daily volume is $705.6 million. The exchange welcomes around 15.7 million monthly users. It offers no less than 1,628 coins and 2,272 trading pairs. That’s more than Binance and Kraken combined. Their headquarters is in the Seychelles. The exchange is available to US residents.
Here are some features that MEXC Global offers. For example:
- Leveraged ETFs
- Futures and perpetuals
- Copy trading
They also offer an extensive learning section. However, they don’t offer any earning options for KAVA.
You can buy crypto via your credit or debit card. There’s also a P2P option available, as well as bank transfers. The picture below shows the CoinGecko page for the MEXC Global spot markets.
Although Kava is best known for the role it plays in DeFi, many CEXs offer the KAVA token. In this article we covered three CEXs: Binance, Kraken, and MEXC Global.
The current price of SUSHI is $0.874694. It has a market cap of $168.4 million. The max supply is 250 million tokens. There is a total supply of 248 million tokens. Out of these, 192.7 million tokens already circulate.
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