Christmas came early for bitcoin this year. On the back of record-breaking launches of ETFs backed by the likes of BlackRock and Fidelity
is one of the largest crypto exchanges in Europe, serving clients in 27 European Economic Area (EEA) countries. It offers a broad range of crypto assets and recently launched a service to trade fractional shares of U.S.-listed companies like Tesla, Amazon, and Alphabet. In 2024, it obtained a license from the Austrian Financial Market Authority (FMA) to operate a multilateral trading facility (MTF) for digital assets. Bitpanda also secured a partnership with tennis star Dominic Thiem to launch a crypto education platform.
Methodology
To compile the World’s Most Trustworthy Crypto Exchange ranking, Forbes analyzed more than 200 crypto exchanges that are licensed in at least one Tier 1 jurisdiction (U.S., U.K., Japan, Singapore, Canada, Australia, France, Germany, Netherlands, Switzerland, Sweden, Denmark, Finland, Norway, Iceland, Belgium, Luxembourg, Austria, Ireland, Portugal, Spain, Italy, Greece, Malta, Cyprus, Estonia, Latvia, Lithuania, Poland, Czech Republic, Hungary, Slovakia, Slovenia, Croatia, Bulgaria, Romania, Turkey, Israel, South Africa, Hong Kong, South Korea, Taiwan).
We excluded exchanges that are licensed in Tier 2 jurisdictions (Argentina, Bahamas, Barbados, Bermuda, Brazil, Cayman Islands, Chile, Costa Rica, Curacao, Dominican Republic, Dubai, El Salvador, Estonia, Gibraltar, Guernsey, Hong Kong, Hungary, Iceland, Isle of Man, Jersey, Kazakhstan, Kenya, Latvia, Lichtenstein, Lithuania, Luxembourg, Malaysia, Malta, Mauritius, Mexico, Montenegro, Morocco, Netherlands, New Zealand, Nigeria, Panama, Paraguay, Peru, Philippines, Poland, Portugal, Puerto Rico, Qatar, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, San Marino, Saudi Arabia, Seychelles, Singapore, South Africa, Suriname, Sweden, Switzerland, Taiwan, Thailand, Trinidad and Tobago, Tunisia, Turkey, Turks and Caicos Islands, Uganda, Uruguay, U.S. Virgin Islands) or Tier 3 jurisdictions (Antigua and Barbuda, Aruba, Bahamas, Belize, Bolivia, Botswana, British Virgin Islands, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Cape Verde, Cayman Islands, Central African Republic, Chad, Comoros, Congo, Costa Rica, Cote d'Ivoire, Croatia, Cuba, Curacao, Cyprus, Czech Republic, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, Fiji, Gabon, Gambia, Georgia, Ghana, Grenada, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Indonesia, Jamaica, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Lebanon, Lesotho, Liberia, Libya, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Mauritania, Mauritius, Moldova, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Myanmar, Namibia, Nauru, Nepal, Netherlands, New Caledonia, Nicaragua, Niger, Nigeria, North Macedonia, Oman, Pakistan, Palestine, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Puerto Rico, Qatar, Republic of the Congo, Romania, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Korea, South Sudan, Sri Lanka, Sudan, Suriname, Swaziland, Sweden, Switzerland, Syria, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, Uruguay, Uzbekistan, Vanuatu, Venezuela, Vietnam, Yemen, Zambia, Zimbabwe).
We also excluded exchanges that are licensed in Tier 1 jurisdictions but have a large portion of their web traffic coming from Tier 2 or Tier 3 jurisdictions, or that have been blacklisted or banned in any Tier 1 jurisdiction, or that have been fined or sanctioned by any Tier 1 jurisdiction authority.
We excluded exchanges that are owned by any Tier 2 or Tier 3 jurisdiction company, or that have a large portion of their beneficial ownership held by any Tier 2 or Tier 3 jurisdiction company, or that have been blacklisted or banned in any Tier 2 or Tier 3 jurisdiction, or that have been fined or sanctioned by any Tier 2 or Tier 3 jurisdiction authority.
We excluded exchanges that are owned by any company that is not publicly-traded in any Tier 1 jurisdiction, or that have a large portion of their beneficial ownership held by any company that is not publicly-traded in any Tier 1 jurisdiction, or that have been blacklisted or banned in any Tier 1 jurisdiction, or that have been fined or sanctioned by any Tier 1 jurisdiction authority.
We excluded exchanges that are owned by
