Crypto Exchange Provider Ranking Shifts Amid Platform Volatility

Coinbase, scam tokens, crypto

It might be no surprise that amid the volatility that has been the hallmark of the cryptocurrency industry in the last few weeks, PYMNTS Provider Ranking of Cryptocurrency Exchange apps should shift a bit.

After all, geopolitics, the specter of war and crypto-related sanctions — not to mention earnings reports — have all done much to send crypto prices, and provider stock prices, up and down. We suspect that the platforms themselves have been top of mind for investors and consumers too.

To that end, we see a bit of churn in our latest reading of the crypto provider rankings.

The Top Five

Whereas last time, the top spot was marked by a tie, between Coinbase and Binance, now the No. 1 ranking is held by a trio, with those aforementioned firms joined by

KuCoin takes the third spot, where Voyager had been previously, and moves ahead of Gemini, which now is in the fourth slot of the ranking.

Blockchain Wallet, the app from rounds out the top five, and maintains it place in the hierarchy.

The Top 10

Sixth place used to belong to Huobi. But this time around, that ranking has a tie, marked by OKEx, a crypto exchange based in Malta. BitMart takes the seventh highest spot in the rankings, where Gemini had been last time.

BlockFi came in at the eighth spot within the top 10.

Ninth place saw another tie, with Bitpay and CEX.IO sharing that ranking.

Bitstamp rounded out the top 10.