Advertiser disclosure: some links on this page may be affiliate links, meaning ExchangeCatalogue may earn a commission if you open an account. This never affects the data shown here, which is drawn from our catalogue and compared mechanically. How we make money.
Data refreshed 6 Nov 2026 · Compiled by Charlie Williams
Trust score 8 / 10 · Trust rank #35 · Founded 2018
Bybit is a cryptocurrency exchange that offers leveraged trading on a variety of digital assets. It is known for its user-friendly interface and advanced trading features, catering to both novice and experienced…
Read the Bybit 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 reviewBybit and Kraken are both centralized exchanges. Bybit (founded 2018, headquartered in British Virgin Islands) ranks #35 on our trust rank, reports $3.22B in 24-hour trading volume and lists 389 coins across 519 trading pairs. Kraken (founded 2011, headquartered in United States) ranks #2 on our trust rank, reports $2.27B in 24-hour trading volume and lists 719 coins across 1,424 trading pairs. The two overlap in 29 countries; Bybit is available in 4 countries where Kraken is not, and Kraken in 15 where Bybit 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 | Bybit | Kraken |
|---|---|---|
| Trust score | 8 / 10 | 10 / 10 |
| Trust rank | #35 | #2 |
| 24h trading volume | $3.22B | $2.27B |
| Coins listed | 389 | 719 |
| Trading pairs | 519 | 1,424 |
| Founded | 2018 | 2011 |
| Headquarters | British Virgin Islands | United States |
| Exchange type | Centralized (CEX) | Centralized (CEX) |
| Countries available | 33 countries | 44 countries |
| Licences / registrations | Financial Market Authority (FMA), MiCA licence - Austria, Financial Intelligence Unit (FIU-IND), registration - India, Virtual Assets Regulatory Authority (VARA), exchange services - United Arab Emirates | 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, High Liquidity, Low-Fee, Margin 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 (29): Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Colombia, Denmark, Finland, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Mexico, New Zealand, Norway, Poland, Portugal, Romania, Singapore, South Africa, Spain, Sweden, Switzerland, United Arab Emirates.
Only Bybit (4): Indonesia, Malaysia, Philippines, Thailand.
Only Kraken (15): Bulgaria, Croatia, Cyprus, Estonia, Greece, Hungary, Israel, Latvia, Lithuania, Luxembourg, Malta, Peru, Saudi Arabia, Slovakia, Slovenia.
Availability reflects the countries each exchange declares it serves. Local rules change; confirm on the exchange's own site before signing up.
Bybit reports the higher 24-hour trading volume ($3.22B vs $2.27B), based on the latest market data in our catalogue.
Kraken lists more coins: 389 at Bybit versus 719 at Kraken.
Kraken has the higher trust score (8 / 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; Bybit was founded in 2018.
They overlap in 29 countries. Bybit is additionally available in 4 countries (Indonesia, Malaysia, Philippines, Thailand) and Kraken in 15 countries (Bulgaria, Croatia, Cyprus, Estonia, Greece, Hungary and 9 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.