The top 5 formal currency exchanges in July 2024 are: 1. Coinbase (high security, easy to use); 2. Binance (huge transaction volume); 3. Kraken (security compliance, good customer service); 4. Gemini (regulated by NYDFS, focusing on security); 5. Bitstamp (regulated by EU AML/KYC regulations).
2024 Formal Exchange Ranking in the Currency Circle
July
In the rapidly developing cryptocurrency field, it is crucial to choose a formal and reliable exchange. The following is a review of the top 5 formal currency exchanges in July 2024:
1. Coinbase
- is headquartered in the United States and was founded in 2012 by Brian Armstrong.
- Registered and regulated by the US Financial Crimes Enforcement Network (FinCEN).
- Provides a wide selection of cryptocurrencies and advanced trading tools.
- Known for its ease of use and security.
2. Binance
- was founded in 2017 and is headquartered in the Cayman Islands.
- One of the largest cryptocurrency exchanges in the world with huge trading volume.
- Offers a wide range of currencies and trading pairs, as well as multiple trading options including futures and leverage trading.
3. Kraken
- was founded in 2011 and is headquartered in the United States.
- Known for its security, compliance and customer service.
- Provides comprehensive cryptocurrency trading, including spot trading, margin trading and over-the-counter (OTC) trading.
4. Gemini
- was founded in 2014 by the Winklevoss brothers and is headquartered in the United States.
- Regulated by the New York State Department of Financial Services (NYDFS).
- Focus on security with cold storage technology and two-factor authentication (2FA).
5. Bitstamp
- was founded in 2011 and is headquartered in Luxembourg.
- Subject to EU Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.
- Provide a stable trading platform with a focus on compliance and customer support.
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