Upbit Ranks 4th, Bithumb 17th Among Top Crypto Exchanges: Forbes

IconCNT16 May, 2024

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Upbit Ranks 4th, Bithumb 17th Among Top Crypto Exchanges: Forbes

**Top 20 Crypto Exchanges by Forbes** Upbit has been recognized as the world's 4th largest cryptocurrency exchange by Forbes. Forbes highlighted Upbit's dominance due to its low transaction fees. Bithumb, another South Korean exchange, secured the 17th position. Coinbase, CME Group, and Robinhood claimed the top three spots. Notably, Binance and BitMEX were excluded from the ranking due to regulatory concerns. Several other large exchanges, including OKX, MEXC, and KuCoin, were also omitted owing to limited regulatory oversight and security vulnerabilities. **Previously on 16 May 2024** Upbit was ranked 4th among the top cryptocurrency exchanges by Forbes, with Bithumb at 17th place.

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