Forbes, a leading US economic magazine, ranked the domestic cryptocurrency exchange Bithumb as the 13th largest exchange in the world. It is the highest ranking among domestic cryptocurrency exchanges.
Forbes announced The Best Global Crypto Exchanges on the 16th (local time).
Forbes estimates that Δjurisdiction (assessment according to the country in which the company is located) Δregulation (whether or not it is subject to regulation by regulatory agencies) Δinstitution (whether investment soundness including institutional investor participation) Δproduct (number of cryptocurrencies held) Δtransaction volume (Market share) ΔAwareness (average number of monthly visitors for the past three months) ΔUser reviews (evaluation on Google Play, App Store, etc.) ΔUser funds ΔSecurity ΔFees were comprehensively analyzed and ranked.
The global No. 1 exchange selected by Forbes was US Coinbase. Among domestic exchanges, Bithumb (13th) ranked at the top, followed by Upbit (24th), Coinone (44th), and Korbit (46th).
A Forbes official explained, “Bithumb, one of the four largest exchanges in Korea, supports over 250 cryptocurrencies and has passed security and regulatory compliance from outside.”
Then, regarding the domestic cryptocurrency market, he analyzed, “Korea has been putting strict standards on cryptocurrency trading business while enforcing strict regulations (amended special law) on cryptocurrency from 2021.” Cryptocurrency exchanges are in the process of verifying user identity and preparing for taxation.”
