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Data refreshed 5 Nov 2026 · Compiled by Charlie Williams
Trust score 9 / 10 · Trust rank #10 · Founded 2018
BingX is a cryptocurrency exchange platform that provides a user-friendly interface for both novice and experienced traders. It offers a diverse range of cryptocurrencies and trading pairs, along with competitive trading fees.…
Read the BingX review
Trust score 10 / 10 · Trust rank #2 · Founded 2011
Kraken is a well-established cryptocurrency exchange known for its robust security measures and comprehensive range of digital assets. It provides a user-friendly platform suitable for both beginners and experienced traders, offering competitive…
Read the Kraken reviewBingX and Kraken are both centralized exchanges. BingX (founded 2018, headquartered in British Virgin Islands) ranks #10 on our trust rank, reports $480.5M in 24-hour trading volume and lists 602 coins across 624 trading pairs. Kraken (founded 2011, headquartered in United States) ranks #2 on our trust rank, reports $1.94B in 24-hour trading volume and lists 717 coins across 1,402 trading pairs. The two overlap in 37 countries; BingX is available in 10 countries where Kraken is not, and Kraken in 7 where BingX is not.
Scored on 7 measurable dimensions where both exchanges have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
| Criteria | BingX | Kraken |
|---|---|---|
| Trust score | 9 / 10 | 10 / 10 |
| Trust rank | #10 | #2 |
| 24h trading volume | $480.5M | $1.94B |
| Coins listed | 602 | 717 |
| Trading pairs | 624 | 1,402 |
| Founded | 2018 | 2011 |
| Headquarters | British Virgin Islands | United States |
| Exchange type | Centralized (CEX) | Centralized (CEX) |
| Countries available | 47 countries | 44 countries |
| Licences / registrations | Financial Market Authority (FMA), MiCA licence - Austria | Central Bank of Ireland, MiCA licence - Ireland, Financial Conduct Authority (FCA), cryptoasset registration - United Kingdom, Canadian Securities Administrators (CSA), registered platform - Canada, Virtual Assets Regulatory Authority (VARA), broker-dealer licence - United Arab Emirates |
| Trading types | Derivatives, Spot | Derivatives, Spot |
| Best-for use cases | Beginner-Friendly, Centralized, Copy Trading, Peer-to-Peer (P2P) | Beginner-Friendly, Centralized, High Liquidity, Low-Fee, Margin trading, Peer-to-Peer (P2P) |
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that exchange — we never fill gaps with estimates.
Available at both (37): Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Colombia, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Israel, Italy, Japan, Latvia, Lithuania, Luxembourg, Mexico, New Zealand, Norway, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, United Arab Emirates.
Only BingX (10): Albania, Czechia, Indonesia, Malaysia, Netherlands, Philippines, Thailand, Türkiye, United Kingdom, Vietnam.
Only Kraken (7): Bulgaria, Croatia, Cyprus, India, Malta, Peru, Saudi Arabia.
Availability reflects the countries each exchange declares it serves. Local rules change; confirm on the exchange's own site before signing up.
Kraken reports the higher 24-hour trading volume ($480.5M vs $1.94B), based on the latest market data in our catalogue.
Kraken lists more coins: 602 at BingX versus 717 at Kraken.
Kraken has the higher trust score (9 / 10 vs 10 / 10). The score reflects liquidity, scale of operations and cyber-security signals as tracked in our catalogue.
Kraken is the older of the two, founded in 2011; BingX was founded in 2018.
They overlap in 37 countries. BingX is additionally available in 10 countries (Albania, Czechia, Indonesia, Malaysia, Netherlands, Philippines and 4 more) and Kraken in 7 countries (Bulgaria, Croatia, Cyprus, India, Malta, Peru and 1 more).
Risk warning: cryptoassets are highly volatile and largely unregulated in many jurisdictions. You may lose the entire amount you deposit. Nothing on this page is financial advice; check availability and terms with the exchange before opening an account. Full risk disclosure.