Alex Omenye
The cryptocurrency exchange industry is undergoing a shift towards transparency and compliance, driven in part by the recent legal actions against former industry leaders Sam Bankman-Fried and Changpeng Zhao.
The rise in the price of bitcoin, now trading at $61,568, has also facilitated this transformation, fueled by the influx of funds into U.S. exchange-traded funds based on the cryptocurrency’s spot price.
These ETFs, backed by reputable sponsors such as BlackRock and Fidelity, are bringing newfound credibility to the digital-assets industry, Forbes reported.
This comes after a tumultuous period in 2022, marked by bankruptcies and scandals, including the collapse of Bankman-Fried’s FTX exchange due to mismanagement and criminal behavior.
Despite being the world’s largest cryptocurrency exchange by trading volume, Binance was excluded from our 2024 ranking due to its legal troubles and regulatory issues.
Expelled from numerous countries and lacking a fixed headquarters, Binance and other exchanges like Bitmex, OKX, MEXC, and Kucoin were omitted from our list due to concerns about regulatory oversight and internal controls.
Here are the top ten exchanges in the world:
Coinbase
CME Group
Robinhood
Upbit
Deribit
Bitstamp
Crypto.com
Kraken
Fidelity
LMAX Digital
