Top 10 Most Trustworthy Crypto Exchanges as per Forbes
Web3 is evolving all throughout the globe and so are scammers and hackers. The crypto neighborhood in 2024 witnessed a number of the most outstanding occasions similar to Bitcoin crossing $100K mark, market bull run, and crypto adoption surging the world over together with Trump’s promise of making a strategic Bitcoin reserve in U.S.
The neighborhood additionally noticed a number of the greatest hacking incidents towards crypto exchanges and scams in crypto business in 2024. As per the reviews by Chainanalysis, over $2.2 Billion was misplaced to hackers in 2024, marking 21.07% YoY enhance in these incidents.
Whereas we’re aware of investing our hard-earned cash in the proper cryptocurrency, it is usually essential that we must be aware in the direction of selecting probably the most dependable and safe crypto trade for our portfolio.
Forbes, a famend media group, has completed an intensive survey itemizing Prime 25 crypto trade corporations worldwide, rating them on sure parameters like weighted rating, BTC-ETH holdings, regulation, transparency, audit power, price and far more. Forbes performed the survey on 200 crypto exchanges globally.
Prime 10 Most secure Crypto Exchanges Listed by Forbes
On this article, we are going to record the highest 10 crypto exchanges listed by Forbes and on what parameters the place they ranked within the record.
10. Gemini
At quantity 10 is Gemini, an trade based by Winklevoss Twins in 2015, who’ve made security and safety a key parameter for his or her customer support. In truth, Gemini shot into limelight after it facilitated buy and storage of Bitcoin by introducing the mechanism of personal keys and double layer password safety system for patrons.
With a weighted rating of 5.5., it has scored a excessive of 8 in BTC ETH holdings however fared poorly in transparency with 4 as rating.
9. Deribit
At quantity 9 is Deribit, a distinguished participant in offshore derivatives with an general weighted rating of 5.5. The Dubai-based trade operates majorly by letting its prospects speculate on asset costs by leveraged bets, focusing completely on choices to supply token patrons with outlined buy or promote circumstances all through designated timeframes.
It has scored a excessive 8 on BTC-ETH holdings however a poor 2 on audit power.
8. Bitget
Coming at quantity 8 is Bitget, a centralized cryptocurrency trade established in 2018 and registered in Seychelles.
Bitget is thought for being the one of many largest crypto copy buying and selling platforms, providing a variety of buying and selling providers, together with spot and futures buying and selling.
Whereas Bitget scores a excessive 8 on BTC-ETH holdings, it fared poorly with 0 in audit power.
7. Upbit
At quantity 7 is Upbit, a centralized cryptocurrency trade, based by Track Chi-hyung in 2017 in South Korea. Upbit is thought for its in depth buying and selling choices for cryptocurrency.
With a weighted rating of 6, Upbit has scored a powerful 10 in transparency and eight in BTC-ETH holdings.
6. BitBank
At quantity 6 is Bitbank, a centralized cryptocurrency trade established in 2016 and registered in Japan. Its regular excessive rating comes from its transparency, audited funds, and crypto holdings.
With a weighted rating of 6.1, bitbank has scored a stellar 10 in transparency and eight in audit power.
5. Robinhood
Robinhood continues going through scrutiny for its strategy to funding with its present standing as an “meme headquarters” proudly owning $15 billion price of DOGE coin alongside its new “dogwifhat” product addition to present choices Shiba Inu, PEPE and BONK.
Following the acquisition of Luxembourg-based Bitstamp in July 2022 Robinhood started the post-acquisition separation interval to safe board approvals for operational integration. It has weighted rating of 6.6 with a excessive of 10 in audit power.
4. Binance
Binance was based in 2017 by Changpeng Zhao, a preferred software program engineer, investor, & an entrepreneur. Change began rising throughout the first 6 months of its institution and have become one of many largest crypto exchanges on the planet.
Now that CZ has stepped down as CEO, Binance is at crossroads in 2025 with many predicting it to develop exponentially relating to buyer base. Binance had weighted rating of 6.7 with 10 in BTC ETH holdings however zero in audit power.
3.Bitstamp
A UK based mostly, World trade with a major presence in Europe. Since its institution in 2011 Bitstamp has operated as a cryptocurrency trade based mostly out of Luxembourg. Bitstamp operates as probably the most enduring cryptocurrency trade to have ever existed on the planet. On this platform customers have interaction in buying and selling to maneuver between common currencies and bitcoin and a number of various crypto property together with U.S. greenback, euro, pound sterling and Ethereum, Litecoin together with Ripple, Bitcoin Money and Algorand, Stellar and USD Coin.
Bitstamp has weighted rating of 6.8 with excessive of 10 in transparency and 10 in audit power.
2. Coinbase
The one main publicly-traded cryptocurrency trade working within the U.S. is Coinbase whereas its prospects settle for increased prices to realize perceived security by their charges and transaction bills. Eight million lively customers make BitGo’s bitcoin storage the most important international reserve price roughly $245 billion at present market values.
Coinbase has a stellar 7.6 as weighted rating with 10 in BTC-ETH holdings, 8 in regulation, 6 in transparency and 10 in audit power by Forbes.
1. CME Group
Based on Forbes, it’s s $85 billion Chicago-based CME Group.Though the CME Group is unsuitable for retail funding as a result of it offers with butter and eggs since 1898 Forbes rated it extremely as a result of its high-level regulatory options by CFTC deliver important security within the unstable cryptocurrency markets. Principal variations between the CME Group and conventional brokerage accounts like Schwab and Constancy embrace Micro Bitcoin futures buying and selling choices with Constancy alongside Micro Ether options that includes minimal contract values at $300.
On the high, CME group has highest weighted rating of seven.7 with 8 in BTC-ETH holdings, 6 in regulation, 10 in transparency and 10 in audit power.
Ultimate phrases
Cryptocurrency customers should fastidiously choose trusted exchanges because of the increasing crypto surroundings. The safety of your digital property ought to grow to be your main concern as a result of each hacking occurrences and market fluctuations have enhance in frequency of late.
Based on Forbes’ annual analysis, these chosen exchanges exhibit robust compliance necessities along with clear operations and reliable safety programs. The reliability supplied by established trade CME Group joins forces with Binance’s development to ship safe funding platforms for worldwide merchants.
Additionally Learn: 2024 saw Spike in Crimes related to Crypto sector
