The World's Most Trustworthy Crypto Exchanges

Forbes Daily Briefing

Forbes

Careers, Business, News, Entrepreneurship

4.6 • 12 Ratings

🗓️ 30 January 2025

⏱️ 5 minutes

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Summary

Crypto is riding high once again, but investors still need to be careful about where they put their money.

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Transcript

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0:00.0	Here's your Forbes Daily Briefing for Thursday, January 30th.
0:05.1	Today on Forbes, the world's most trustworthy crypto exchanges.
0:11.1	Christmas came early for Bitcoin this year, on the back of record-breaking launches of
0:16.1	ETFs backed by the likes of BlackRock and Fidelity, which have accumulated $112 billion in Bitcoin,
0:23.4	and President Donald Trump's re-election in November, the digital asset crossed $100,000.
0:30.5	Enthusiasts are expecting 2025 to be more bullish as a pro-crypto Congress is coming into power
0:36.6	with promises to finally pass
0:38.4	regulation that will move the industry out of the proverbial penalty box.
0:43.6	Hype cycles like this create unbridled optimism and a healthy dose of FOMO, but investors
0:48.8	should proceed with caution. And this does not mean which tokens one chooses to speculate in.
0:59.0	There are hundreds of crypto exchanges in the world, essentially retail brokerage firms, with fancy websites, attractive features, and yield propositions, and promises to keep your money safe.
1:06.0	But all crypto exchanges and marketplaces are not created equal.
1:10.0	There are significant differences between the types and number of licenses they hold But all crypto exchanges and marketplaces are not created equal.
1:15.2	There are significant differences between the types and number of licenses they hold and how they safeguard your digital assets.
1:18.4	Anyone who is burned by the collapse of FTX in 2022 knows how important that can be.
1:24.7	Additionally, not every exchange provides the same trading opportunities or charges the same
1:30.2	amount. The top firm on Forbes's third annual Best Crypto Exchange ranking, which analyzed more
1:37.4	than 200 firms, is $85 billion Chicago-based CME group. While this giant futures exchange, founded in 1898 to trade
1:47.0	butter and eggs, is not suitable for most retail investors. We gave it high scores because in the
1:52.7	wild and woolly world of crypto, safety is paramount, and the CME group is highly regulated by the
1:59.0	Commodity Futures Trading Commission, or CFTC.
2:03.3	While crypto is still a tiny part of what is traded at CME, during 2024, it traded $1.4 trillion
	...

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