Forbes has been closely associated with the world’s largest crypto exchange, Binance, for at least a couple of weeks. FinTelegram reported that Binance had invested $200 million in preparing the Forbes listing on the NYSE. The investment made the crypto exchange the second-largest shareholder of the online business publication with 150 million readers worldwide. In its new Top 10 ranking of crypto exchanges, Forbes ranked Binance as #6. Coinbase, Kraken and Robinhood lead the ranking.
Forbes Top 10 Crypto Ranking
|Coinbase||US||yes||public-listed on Nasdaq|
|Kraken||US||yes||$19B client crypto assets|
|Robinhood||US||yes||$22B client crypto assets|
|Binance||Bahamas||yes||largest crypto exchange|
Coinbase is the largest cryptocurrency exchange in the U.S.; it went public on Nasdaq via an $86 billion direct-listing, the biggest in history. Kraken, regulated in the U.S., U.K., and some Asian Pacific (APAC) jurisdictions, caters toward intermediate and advanced crypto traders. Kraken recently provided proof of reserves for $19 billion of client assets and has stated plans for an IPO this year. Robinhood is a publicly-traded, U.S.-based, and SEC-regulated broker-dealer with $22 billion crypto assets under custody.