Forbes has been closely associated with the 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||profile|
|Kraken||US||yes||$19B client crypto assets||profile|
|Robinhood||US||yes||$22B client crypto assets||profile|
|Binance||Bahamas||yes||largest crypto exchange||profile|
Coinbase is the largest cryptocurrency exchange in the U.S. and 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. Most of the crypto exchanges are also used for crypto payment services. Some of them such as Binance offer crypto debit cards. Thus, PayCom42 included crypto exchanges into its compliance lists.