The Banking Executive Magazine - November 2022 Issue

How To Pick The Best Crypto Exchanges? 9) Staking and Rewards. Some plat- forms allow users to stake se- lected cryptos and earn interest payments. 10) Crypto Lending. Some crypto ex- changes allow users to lend out their cryptocurrency. Forbes surveyed the above ten vari- ables benchmark features and op- tions across the crypto exchanges and brokerages. For each ranking, the sum of weighted values across all or some of these key factors was cal- culated to award each brokerage or exchange its overall rank. Margin trading, platform lending and ad- vanced trading were not considered for choosing the best crypto ex- changes for beginners. the BANKING EXECUTIVE 12 ISSUE 167 NOVEMBER 2022 Table 2. Forbes ranking of crypto exchanges according to key variables Binance.US Bitstamp Bitflyer BitYard Coinbase Crypto.com FTX.US Gemini Kraken KuCoin 100+ 60+ 9 45 150+ 250+ 27 120+ 120+ 600+ 5 5 5 4 5 5 5 4 5 4 Crypto Exchange Coins Available (in the U.S.) Available in all 50 States? Source: www.forbes.com › investing › cryptocurrency