NSAV Holding Inc (NSAV)

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As of the latest data available, there are 1,492 active cryptocurrency exchanges worldwide, which includes both decentralized and centralized platforms1. If we consider the platforms that are no longer online, the total number of existing cryptocurrency exchanges equals 1,6371. It’s important to note that the number of exchanges can fluctuate as new ones emerge and others may cease operations. CoinGecko tracks 216 crypto exchanges with a total 24-hour trading volume of $79.9 billion, while CoinMarketCap lists 259 exchanges. These numbers provide a snapshot of the dynamic and growing landscape of cryptocurrency exchanges globally.

Determining the exact number of legitimate public cryptocurrency exchanges can be challenging due to the dynamic nature of the market and varying definitions of legitimacy. However, reputable financial sources like Forbes Advisor have reported that there are around 500 legitimate crypto exchanges. These platforms are recognized for their compliance with regulations, security measures, and reliability in providing crypto trading services.

It’s important to note that the legitimacy of an exchange often depends on factors such as regulatory compliance, security protocols, and user reviews. Therefore, while there are hundreds of exchanges available, investors are advised to conduct thorough research and due diligence before engaging with any cryptocurrency exchange.