The post Forbes Ranks CME Group, Coinbase, and Bitstamp as Top Crypto Exchanges of 2024 appeared on BitcoinEthereumNews.com.

Forbes has released its third annual “Best Crypto Exchange” ranking, evaluating over 200 firms based on security, trading volume, fees, regulatory compliance, and transparency. CME Group, Coinbase, and Bitstamp emerged as the top three most trustworthy crypto exchanges. The Top 5 Exchanges Chicago-based CME Group, an $85 billion firm with a long history in futures trading, emerged as the most trustworthy crypto exchange in Forbes’ rankings. Its strong regulatory oversight by the U.S. Commodity Futures Trading Commission (CFTC) contributed to the high ranking. In 2024, the platform traded $1.4 trillion in digital asset futures, including Bitcoin and Ethereum contracts. It also saw its crypto trading volume increase by 135%, while its BTC open interest rose by 83% to exceed $20 billion. Coinbase, a $70 billion publicly traded company and the largest Bitcoin custodian globally ranked second. The exchange, which holds 2.4 million BTC worth approximately $245 billion, has maintained its position as a leading platform for retail investors despite its higher fees. Its emphasis on security and compliance makes it a preferred choice for users seeking a reliable exchange. In late 2023, the company registered in Bermuda to expand its presence in offshore crypto derivatives markets. Luxembourg-based Bitstamp, a global exchange with a strong presence in Europe, ranked third. The platform met Forbes’ evaluation criteria due to its large asset base, transparent ownership structure, credible audit history, and strong crypto product offerings. Binance, which was absent from last year’s rankings due to legal challenges, returned to the list in fourth place. The world’s largest exchange by trading volume has 245 million registered users and an average daily spot trading volume of $14 billion. Its new management team has pledged to focus more on compliance, a move that could strengthen its long-term position. Robinhood, which rounded off the top five, saw…

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Filed under: News - @ February 2, 2025 10:21 pm