Cryptocurrency Exchanges MCQs September 29, 2025 by u930973931_answers 50 Score: 0 Attempted: 0/50 Subscribe 1. : Which is the largest cryptocurrency exchange by trading volume? (A) Coinbase (B) Binance (C) Kraken (D) Bitfinex 2. : Which type of exchange allows direct peer-to-peer trading without intermediaries? (A) Hybrid Exchange (B) Centralized Exchange (C) Decentralized Exchange (D) OTC Desk 3. : Coinbase is headquartered in which country? (A) Japan (B) Germany (C) United States (D) United Kingdom 4. : Which exchange was founded by the Winklevoss twins? (A) Gemini (B) KuCoin (C) Huobi (D) Kraken 5. : What is the main advantage of decentralized exchanges? (A) Higher liquidity (B) User controls private keys (C) Faster trades (D) Better customer support 6. : Which exchange collapsed in 2014 after losing 850,000 BTC? (A) Mt. Gox (B) Binance (C) Bitstamp (D) OKX 7. : Binance introduced which native token? (A) BUSD (B) BNB (C) USDC (D) BTCB 8. : Which exchange is most popular for U.S. users due to compliance? (A) Coinbase (B) KuCoin (C) Gemini (D) Binance 9. : Uniswap is an example of which type of exchange? (A) Hybrid (B) OTC (C) Decentralized (D) Centralized 10. : Which exchange is known for its Proof-of-Reserves audits? (A) Kraken (B) Poloniex (C) Bitfinex (D) Huobi 11. : Which exchange is headquartered in Malta but operates globally? (A) Binance (B) Gemini (C) Bitstamp (D) OKX 12. : Which exchange is often used in Japan? (A) Gemini (B) Liquid (C) Kraken (D) Coinbase 13. : Hybrid exchanges combine features of which two? (A) Centralized + OTC (B) Decentralized + Centralized (C) OTC + P2P (D) Futures + Margin 14. : PancakeSwap operates mainly on which blockchain? (A) Ethereum (B) Solana (C) BNB Chain (D) Cardano 15. : Which exchange suffered a $40 million hack in 2019? (A) Binance (B) Coinbase (C) OKX (D) Gemini 16. : Which exchange pioneered Automated Market Makers (AMM)? (A) Coinbase (B) Kraken (C) Uniswap (D) KuCoin 17. : Which exchange uses LEO token as its native asset? (A) Huobi (B) Gemini (C) Bitfinex (D) Kraken 18. : Which of the following is a peer-to-peer trading platform? (A) LocalBitcoins (B) Binance (C) Coinbase (D) Bitstamp 19. : Which centralized exchange offers futures and margin trading widely? (A) Kraken (B) Coinbase (C) Binance (D) Gemini 20. : Which DEX is popular on Solana blockchain? (A) PancakeSwap (B) Serum (C) Uniswap (D) dYdX 21. : KuCoin is headquartered in which country? (A) Singapore (B) Japan (C) United States (D) Hong Kong 22. : Which exchange introduced the stablecoin USDC along with Circle? (A) Gemini (B) Coinbase (C) Kraken (D) Binance 23. : What is the biggest disadvantage of DEXs? (A) No KYC requirements (B) Lower liquidity (C) User control of keys (D) Lack of trading fees 24. : Which exchange is famous for offering “Gemini Dollar” (GUSD)? (A) Kraken (B) Coinbase (C) Gemini (D) Binance 25. : Which exchange uses the CRO token? (A) Crypto.com Exchange (B) Gemini (C) Binance (D) Bitstamp 26. : Which of these is the first major U.S.-regulated crypto exchange? (A) Coinbase (B) Gemini (C) Kraken (D) Poloniex 27. : Which exchange is known for its strong presence in South Korea? (A) Bithumb (B) Bitstamp (C) Gemini (D) KuCoin 28. : Which DEX uses CAKE token? (A) PancakeSwap (B) Serum (C) Uniswap (D) SushiSwap 29. : Which exchange was originally launched in Luxembourg? (A) Gemini (B) Bitstamp (C) Binance (D) OKX 30. : Which exchange popularized the term “Proof of Reserves” audits? (A) Kraken (B) Binance (C) Huobi (D) OKX 31. : Which exchange is known for its social trading features? (A) eToro (B) KuCoin (C) Coinbase (D) Kraken 32. : SushiSwap is a fork of which platform? (A) PancakeSwap (B) Uniswap (C) Balancer (D) Curve 33. : Which exchange filed for bankruptcy in November 2022? (A) Binance (B) FTX (C) Kraken (D) Bitfinex 34. : Which exchange’s native token is OKB? (A) OKX (B) Huobi (C) Gemini (D) Coinbase 35. : Which U.S.-based exchange provides advanced trading via Coinbase Pro? (A) Gemini (B) Kraken (C) Coinbase (D) Binance.US 36. : Which exchange uses HT token as its native currency? (A) Huobi (B) Bitstamp (C) Gemini (D) Kraken 37. : Which exchange is best known for derivatives trading? (A) BitMEX (B) Gemini (C) Coinbase (D) Binance 38. : Which exchange was fined by U.S. regulators for offering illegal derivatives? (A) Binance (B) BitMEX (C) Kraken (D) Gemini 39. : Which DEX specializes in stablecoin swaps? (A) Curve Finance (B) SushiSwap (C) PancakeSwap (D) Serum 40. : Which exchange provides staking services directly within its platform? (A) Coinbase (B) Binance (C) Kraken (D) All of these 41. : Poloniex was acquired by which company in 2018? (A) Circle (B) Binance (C) Coinbase (D) Gemini 42. : Which exchange collapsed leading to stricter regulations in Japan? (A) Mt. Gox (B) Bitfinex (C) Kraken (D) Binance 43. : Which exchange was co-founded by Sam Bankman-Fried? (A) OKX (B) FTX (C) Huobi (D) Gemini 44. : Which exchange is popular for zero-fee spot trading campaigns? (A) Binance (B) Bitstamp (C) Gemini (D) Kraken 45. : Which exchange supports Lightning Network withdrawals? (A) Kraken (B) Coinbase (C) Gemini (D) OKX 46. : Which DEX popularized yield farming in 2020? (A) SushiSwap (B) Uniswap (C) PancakeSwap (D) Curve 47. : Which exchange provides BUSD stablecoin? (A) Binance (B) Coinbase (C) Gemini (D) Kraken 48. : Which crypto exchange was banned in India in 2018 but later reinstated? (A) WazirX (B) CoinDCX (C) KuCoin (D) Binance 49. : Which exchange introduced perpetual futures trading? (A) BitMEX (B) Kraken (C) Binance (D) Gemini 50. : Which decentralized exchange uses the UNI governance token? (A) PancakeSwap (B) Uniswap (C) Serum (D) Curve