As the crypto world battles issues like hacks and scams, Forbes has released its list of the world’s most trustworthy crypto exchanges.
According to Forbes’ 2025 ranking of the most reliable cryptocurrency exchanges worldwide, the top five are CME Group, Coinbase, Bitstamp, Binance, and Robinhood.
These exchanges’ main topics are asset security and compliance, ranking them higher than others on the list. The report also states that global cryptocurrency exchanges presently manage $1.2 trillion in total assets, with at least 500 million cryptocurrency users globally.
The report comes at a time when crypto exchanges have globally faced issues like hack, rug pull, and other illicit activities. A few examples of last year’s most famous cases include WazirX hack, P2P2 platform Noones, and Phemex exchange hack.
Forbes New List Comes as Crypto Exchanges Battle With Security Issues
Security on cryptocurrency exchanges is essential for safeguarding user assets and maintaining platform credibility.
However, with a rise in usage and internet supply, the amount and number of hacks happining across the globe have also risen.
Strong security measures are crucial because of the growing popularity of digital currencies, which has made exchanges easy targets for hackers.
In addition to causing large financial losses, a breach can harm the exchange’s reputation. By putting features like cold storage for assets, two-factor authentication (2FA), and frequent security audits into place, theft and illegal access can be avoided.
Furthermore, user confidence is increased by openness and regulatory compliance. Maintaining the security of cryptocurrency exchanges promotes a more secure and dependable cryptocurrency ecosystem by protecting the platform and its customers.
Additionally, exchanges need to regularly undergo upgrades to stay in tandem with market advancements and save themselves from such security breaches.
Why are Crypto Exchange Hacks Increasing?
Hacks on cryptocurrency exchanges are increasing because of a number of important variables. First, as cryptocurrencies gain popularity, fraudsters looking to make big rewards find exchanges to be appealing targets.
It’s possible that many exchanges, particularly smaller ones, lack the security infrastructure of larger financial institutions, leaving them more open to attacks.
Furthermore, because cryptocurrencies are comparatively anonymous, it is more difficult to track down stolen money, giving hackers an additional degree of security.
The frequency of attacks is also rising as a result of the quick development of new hacking methods, such as phishing and taking advantage of flaws in software or smart contracts. The incentive for thieves increases with the growth of cryptocurrency.
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