Provider
Bank Transfer
Visa/Mastercard
Available Crypto
Our Score
YES
YES
  • Bitcoin
  • Ethereum
  • Litecoin
  • + 100 others
YES
YES
  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • +3 more

Cryptoassets are unregulated in some EU countries and the UK. No consumer protection.

YES
YES
  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • +7 more
YES
YES
  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • +21 more
YES
YES
  • Bitcoin
  • Ethereum
  • Litecoin
  • + 80 more
YES
YES
  • Bitcoin
  • Litecoin
  • EOS
  • +150 more
YES
YES
  • Bitcoin
  • Ethereum
  • Litecoin
  • + 2 more
YES
YES
  • Bitcoin
  • Ethereum
  • Litecoin
  • + 30 more
YES
YES
  • Bitcoin
  • Ethereum
  • Ripple
  • + 217 more

There is no doubt that there are plenty of different cryptocurrency exchanges to pick from in today’s crypto market. This includes both centralized and decentralized exchanges, cryptocurrency brokers, and so on - not all of them, however, are going to be suitable all throughout the world. Today, we’ll be looking at the best US crypto exchanges.

Why are cryptocurrency exchanges in USA even important, to begin with? Well, being catered around the US market, you can be sure that, while using these exchanges, you won’t run into some issues with legalities or other “official” difficulties.

Now, some of the companies on this list aren’t US-based crypto exchanges - one of them doesn’t even support US users, in general (bare with me - it will all make sense in a bit)! Still, for one reason or another, all of the 10 exchanges listed below are worth paying attention to, if you’re based in the US:

Best US Crypto Exchange: The Criteria

Before we jump into the list of the best US crypto exchanges, let us first get our priorities straight and figure out what are the criteria surrounding that very term - “best”.

The best crypto exchange for USA is going to possess the vast majority of the same features as abestexchange for any other part of the world, too - that’s why you’ll find that the majority of the exchanges found on this list are very well-known brands that you might be able to locate on some other lists, as well.

That, however, does not change the fact that they’re great.

First of all, the best US crypto exchange should, naturally, be super-secure. In this situation, decentralized exchanges are your best bet - they are often considered to be safer alternatives to centralized ones, even though not being as popular as the latter (although there are some exceptions).

In general, though, a secure crypto exchange is going to support 2FA, custom PIN code creation, and might even keep the cryptos stored offline, away from the potential hackers and their hacking attempts. Naturally, an exchange like that should have no (significant) history of security breaches, either.

Best US Crypto Exchange

Secondly, whether it be US-based crypto exchanges or foreign ones, they should offer a wide variety of different crypto assets for you to purchase, trade, sell, and exchange. In this day and age, hodling only Bitcoin is something that’s almost shunned upon - crypto investors aim to diversify their crypto coin portfolios, and thus need an exchange that supports multiple coins, as a result.

The best US crypto exchanges are going to be intuitive and simple to use. Assuming that you plan on trading cryptocurrencies for more than one or two days, you’d probably appreciate an exchange that doesn’t require you to pass multiple and unnecessarily difficult barriers just to log in, right?

Last but not least, fees - a top-tier cryptocurrency exchange in the USA should possess great fees, in the sense that they should be competitively low. Admittedly, while that may be the main thing that one might focus on while looking for the best US crypto exchanges, I urge you not to forget the rest of the features discussed above, either!

With all of that said, let’s get straight to the list!

1. Kraken - High Number of Supported Crypto Assets

Ranks #1 out of 10 Crypto Exchanges

Verified Staff Pick

EARN UP TO 23%

By Staking on Kraken - Black Friday Deal

Start staking with Kraken in just a couple of clicks and automatically earn rewards twice a week. Earn up to 23% on your crypto with this Kraken Black Friday offer!

Expiration date: 05/12/2022
8766 People Used
Only 59 Left
Rating
5.0

Kraken is one of the cryptocurrency exchanges in USA on this list - it’s headquarters are located in San Francisco. What does this exchange have to offer to make it one of the best US crypto exchanges, you ask?

Simple - low fees and multiple crypto asset support.

Crypto asset-wise, Kraken supports more than 150 different cryptocurrencies and crypto tokens. That’s a relatively small number in the grand scheme of things, but is usually more than enough for most crypto traders, both beginner and advanced ones. That’s because Kraken does support all of the main cryptos out there!

As noted above, the fees on Kraken are also very low. They range from 0% up to 0,26%, depending on the size of the transaction, locations, etc. Still, that’s actually surprisingly low, and definitely puts Kraken on the “best US crypto exchange” list!

To add to all of that, Kraken is also very simple to use, and does not require you to have extensive knowledge in the field of cryptocurrency trading to get into. Surely one of the better exchanges on the US market!

Visit Kraken
...or read our Kraken review

2. Binance US - Leading Exchange in Trading Volume

Ranks #2 out of 10 Crypto Exchanges

Binance.US is surely one of the best US crypto exchanges - it offers users all of the core features that you’d come to expect from a top-tier cryptocurrency exchange, and is universally praised for constantly being ahead of thecrypto wave”.

Having said that, though, Binance does have a huge history with the States. Allow me to explain.

The main Binance exchange isn’t one of the US-based crypto exchanges - it’s primarily located in Tokyo, Japan. At some point in time, Binance was frankly ‘banned’ in the US - people with US passports could no longer use the exchange (things were a bit more complicated than that, but you get the idea).

The only way a US user could access Binance was via a VPN. As of 2019, though, there now exists a US version of the platform - Binance.US.

You might ponder - why would anyone go through all of the effort to access a crypto exchange platform when there are multiple others that do not have all of these limitations?

Well, the answer is simple - it’s just that good.

Binance is very secure - you can protect your coins with two-factor authentication, and the platform has a reputation of being very safe.

Also, the fees of Binance are almost unbeatable - while they vary according to some factors, they “top out” at 0,1%. That’s superb!

Visit Binance US
...or read our Binance US review

3. eToro - Convenience Meets Functionality

Ranks #3 out of 10 Crypto Exchanges

Verified Staff Pick

Get $10 Bonus

Limited-time eToro Coupon

Take advantage of this eToro coupon. Deposit $100 - get a $10 Bonus, trade $100 - get a $10 Bonus! Act now while this eToro deal is still valid.

Expiration date: 05/12/2022
657 People Used
Only 92 Left
Rating
5.0

eToro is, admittedly, a very well-known name both in the crypto world, as well as among many traditional day traders out there. The platform has managed to build a reputation as a reliable exchange with some high-end, advanced features for its customers.

So... How is this exchange special?

Well, for starters, eToro supports a feature called "copy-trading". This is when you are able to automatically copy the trades performed by some high-level investors. It's actually one of the more popular features available on the exchange - you can choose from a large list of potential investors, check their statistics, and if you like what you see, opt in to copy their trades, at a ratio that's comfortable for you.

On top of that, eToro supports a large variety of different cryptocurrencies. These include both the industry-leading coins (Bitcoin, Ethereum, Litecoin), as well as a healthy list of some of the less-known coins and tokens. Whether you're an expert trader or an industry-newcomer, this is definitely something that can be appreciated!

If trading crypto the "old-fashioned" way isn't something that's relevant to you, there's also ETF support available on the platform, too. While this is something that's a call-back to the more-traditional methods of asset trading, it can be a great tool to diversify your risk, as well as your portfolio.

All in all, eToro is a reliable, high-tier cryptocurrency and other financial asset exchange. If you're looking for the best crypto exchange in the US, it's definitely a platform that you should check out!

Visit eToro
...or read our eToro review

Cryptoassets are unregulated in some EU countries and the UK. No consumer protection.

Compare Crypto Exchanges Side by Side With Others

Did you know?

Compare Crypto Exchanges Side by Side With Others

All Crypto Exchanges may look similar to you but they're NOT all the same!

Yes! Show me the Comparison Chart

4. Coinmama - Top-Rated Crypto Exchange Platform

Ranks #4 out of 10 Crypto Exchanges

Verified Staff Pick

GET UP TO 25% OFF

Coinmama Loyalty Program

Get a huge discount of 25% on your Coinmama trading fees. Access this Special Loyalty Program Coinmama deal for a limited time only!

Expiration date: 05/12/2022
2375 People Used
Only 92 Left
Rating
5.0

Coinmama is a leading brokerage service that allows you to purchase Bitcoin, Ethereum and other popular cryptocurrencies with your credit card. There are multiple reasons why Coinmama deserves to be called one of the best US cryptocurrency exchange platforms.

First of all, Coinmama is very easy to use. Unlike many other crypto exchange platforms that have a very confusing interface and can be too difficult to figure out (especially for newbies), Coinmama manages to make every process super simple. 

Moreover, since Coinmama is registered with FinCEN, the company performs multiple anti-money laundering procedures and other actions in order to ensure users' security. Also, in case you encounter some issues when using Coinmama, you can contact the company's customer support or visit its help center and easily find a solution. 

The only issue is that Coinmama has relatively high fees - 5.9%. However, you can rarely avoid this problem when purchasing cryptocurrencies using a credit card.  

Visit Coinmama
...or read our Coinmama review

5. Gemini - Asset Insurance, Good Trading Fees

Ranks #5 out of 10 Crypto Exchanges

Gemini is a cryptocurrency exchange that was founded in 2014. Only two years later, in 2016, it became the very first licensed Ether exchange in the world. This is a huge deal! However, it's also just scratching the surface of the benefits and features offered by the platform.

Gemini is based in New York. The platform offers its users insurance on select assets - this insurance guards users from any potential break-ins that might happen. So, if the exchange was to be hacked, and its security would be breached, your assets would still be protected, nonetheless. That's not a common feature, and is thus very appreciated!

Being based in the States, and often regarded as one of the best US crypto exchanges, naturally, Gemini is available in all of the states within the country. This is also rather uncommon, since many exchange platform often exclude their services from one or two states.

To top it all off, Gemini has very decent trading fees, too! They start from 0,5%, and can go up to 1,49%, depending on the sum traded, and the cryptos themselves. Considering all of the additional features offered by the platform, these fees are definitely great!

All in all, Gemini is surely one of the best crypto exchanges in the United States.

Visit Gemini
...or read our Gemini review

6. Cex.io - Payment Method Variety and Good Security

Ranks #6 out of 10 Crypto Exchanges

Cex.io is located (based) in the UK. Despite that, Cex is still often viewed as one of the best US crypto exchanges - it caters to the US market very well!

Cex.io will be great for those who truly care about the security of their crypto assets - the platform offers a wide range of security features, with 2FA being one of the mandatory ones.

Cex also sends you emails whenever you (well, hopefully, you) access your account - the emails act as an extra added layer of security, since they inform you about any activity regarding your account. Frankly, if you have your email protected, you’re going to be aware of your Cex account at all times, too.

The platform also offers its users various payment methods - this is great, since it significantly broadens the range of potential users who might be interested in accessing Cex with the purpose of purchasing some cryptocurrencies.

On top of all of that, Cex does also have high trading volumes. This is just further proof that the platform is alive and well, and that many people use it for their crypto trading needs.

The fees on Cex.io range from 0% up to 0,25%. That’s pretty good, and places the platform quite high on the best US crypto exchange list, at least as far as the actual topic of fees is concerned!

Visit CEX
...or read our CEX review

7. Changelly - Some of the Best Crypto Asset Prices on the Market

Ranks #7 out of 10 Crypto Exchanges

Admittedly, Changelly might just be one of those crypto exchanges that you might have heard about the most. That’s because, unlike many other platforms on this “best US crypto exchange” list, Changelly is actually very commonly integrated into cryptocurrency wallets, as the default in-wallet trading outlet.

Changelly promises its users some of the best (most competitive) crypto prices on the entire market. Naturally, this is a huge deal! If your prime concern is to purchase cryptocurrencies for the lowest price possible, this is something to take note of!

One of the best features of Changelly, however, is the fact that it’s a non-custodial exchange. This means that the platform does not hold on to your cryptocurrency - while this does also mean that you’re the solemn party that is responsible for its safety, it also hands all of the power into your hands, which is in-line with the general philosophy of cryptocurrencies (decentralization).

Changelly’s fees are simple - it’s a flat 0,25% fee for all of your transactions. That’s very decent, for sure!

Visit Changelly
...or read our Changelly review

8. Bitstamp - High Levels of Trust Within the Community

Ranks #8 out of 10 Crypto Exchanges

Verified Staff Pick

$50 Bonus Code

Special Bitstamp Promotion

Bitstamp code hunt is here! 9 different Bitstamp bonus codes are available online with the value of $50. Follow this coupon link to learn more.

Expiration date: 05/12/2022
1033 People Used
Only 27 Left
Rating
4.8

Bitstamp might be one of the less-known crypto exchanges on this list, especially in the US. Still, the platform is quite worth paying attention to, since it has, debatably, been one that had to work for its reputation the most!

You see, in regards to the argument of Bitstamp being the best crypto exchange for USA, it needs to be pointed out that the brand had some security issues some time ago. While this is common with crypto exchanges, Bitstamp was hit quite hard - the one redeeming factor here is that no user assets were compromised.

Since then, Bitstamp has improved on practically all of the aspects of their business - security, customer support, communication, and so on. The great reputation that the platform has now is surely earned!

Bitstamp’s fees range from 0,05% up to 5%. The actual fees are going to depend on a variety of different factors!

While not being one of the cryptocurrency exchanges in USA, Bitstamp is still worth checking out!

Visit Bitstamp
...or read our Bitstamp review

9. Coinbase - A Leading Cryptocurrency Exchange Platform

Ranks #9 out of 10 Crypto Exchanges

Verified Staff Pick

$5 BTC BONUS

For New Verified Coinbase Users

Receive your $5 bonus in BTC when you sign up for a new Coinbase account & complete all photo verification steps. Follow this Coinbase referral link to activate the deal!

Expiration date: 05/12/2022
4989 People Used
Only 11 Left
Rating
5.0

Coinbase is one of the US-based crypto exchanges of this list. Coincidentally or not, it’s also widely accepted as the best cryptocurrency exchange platform, in general!

There are many different aspects that make Coinbase an obvious pick as one of the leading crypto platforms. First of all, as you might be able to expect, the platform offers top-tier security - it’s known within the community for having some high-end crypto assets security features.

The brand themselves urge the users to protect their cryptos as best as they can - there are entire guides on their “Help” section that offer various advice on the topic!

Coinbase is also surprisingly easy to use. The platform is streamlined very well - you might find that it’s super-intuitive, even when you’re using it for the very first time. While it’s surely a great feature for any best US crypto exchange, it’s quite superb, in general!

Coinbase’s users seem to only have two significant complaints against the platform - its lack of coins, and the fees. Naturally, both of these topics are essential for a good exchange, but things aren’t as bad as they might appear at first glance - allow me to explain.

Coin variety-wise, Coinabse does, in fact, lack support for some of the better-known cryptocurrencies out there (i.e. Monero). That said, you’ll find that all of the major cryptos (Ethereum, Bitcoin, Litecoin, etc.) are still fully-supported on the site.

When it comes to fees, these will range from 1,49% up to 3,99%. While that is, in fact, higher than average, one must keep in mind the fact that Coinbase remains one of the safest crypto exchanges, in general. Definitely worth looking into!

Visit Coinbase
...or read our Coinbase review

10. Bittrex - Crypto Assets are Kept Offline

Ranks #10 out of 10 Crypto Exchanges

Verified Staff Pick

10%

Bittrex Refferal Code

Join Bittrex today & start earning 10% lifetime commission from your referrals' trades. Follow this referral link & create an account to start earning.

Expiration date: 05/12/2022
1231 People Used
Only 59 Left
Rating
5.0

Now, Bittrex is one of those cryptocurrency exchanges that take the term “security” to a whole new level.

The platform is often regarded as one of the safest options for cryptocurrency traders. Apart from all of the usual security features of crypto exchanges (anything from 2FA up to verification checks), Bittrex offers a very unique crypto storing solution - close to 90% of all of the crypto assets located on the exchange are stored offline, in cold wallets.

That’s great news - since the cryptos are located offline, they are practically inaccessible to any hackers that might want to breach the platform’s security!

Bittrex also offers users the ability to trade around 200 different cryptocurrencies, and has a fixed fee of 0,25%. It’s not one of the cryptocurrency exchanges in USA (Bittrex is based in Liechtenstein), but will surely fit the US market, nonetheless!

Visit Bittrex
...or read our Bittrex review

Conclusions

So, then - that’s the list of the best cryptocurrency exchanges in USA, and for USA! Admittedly, not all of the platforms were located (based) in the States, but all of them are going to be useful for any US citizen, for sure!

Remember - the actual best US crypto exchange for YOU is going to depend on YOUR own, personal wants and needs. That said, any one of the exchanges mentioned on the list above should suffice!

Than you for reading, good luck trading, and see you next time!

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Leave your honest Best US Crypto Exchange review

Leave your genuine opinion & help thousands of people to choose the best crypto exchange. All reviews, either positive or negative, are accepted as long as they’re honest. We do not publish biased reviews or spam. So if you want to share your experience, opinion or give advice - the scene is yours!

VS
Coinbase
COINBASE
Binance
BINANCE
7.5
9.6
VS
Coinbase
COINBASE
Kraken
KRAKEN
7.5
9.4

TOP3 Most Popular Coupon Codes

Verified

$600 WELCOME BONUS

Get Binance Black Friday Rewards
Rating
5.0
Verified

EARN UP TO 23%

By Staking on Kraken - Black Friday Deal
Rating
5.0
Verified

GET 0% FEES

For BTC & ETH - Black Friday Offer
Rating
5.0

Recent Best US Crypto Exchange User Reviews

4.8/5.0 - Bittrex User
2022-12-01

Instant trades

Fastest exchange i have come across! Customer support could use that speed too...

Evaluation
Price value
Ease of Use
Experience
Features
Safety
5.0/5.0 - CEX User
2022-11-30

Many cryptos!!

I don't think my lifetime will be enough to try out all the different cryptos that are available on the exchange...:D

Evaluation
Price value
Ease of Use
Experience
Features
Safety
5.0/5.0 - Coinbase User
2022-11-30

Average user

The interface and navigation is not as intimidating as i have seen on other exchanges, all main functions are easy to find and use. The clean design is average user fiendly!

Evaluation
Price value
Ease of Use
Experience
Features
Safety
5.0/5.0 - Coinmama User
2022-11-29

helpful!

the customer support is very helpful and replies quicly, the FAQs have many solutions to common issues people experience on the platform

Evaluation
Price value
Ease of Use
Experience
Features
Safety
5.0/5.0 - Kraken User
2022-11-29

The App

Recently tried out the Kraken app and it was a game changer for short trading sessions!!!

Evaluation
Price value
Ease of Use
Experience
Features
Safety
5.0/5.0 - eToro User
2022-11-29

Personal recommendation

For beginners on the platform i recommend using the social trading feature. It worked effectively for me in the beginning, while i was still figuring out how to trade ''properly" :D as always with recommendations - trust your judgement first!

Evaluation
Price value
Ease of Use
Experience
Features
Safety
5.0/5.0 - CEX User
2022-11-28

Good choice

Have been using this exchange for a long time and no major issues have occured. The info on their support section eliminated my concerns

Evaluation
Price value
Ease of Use
Experience
Features
Safety
4.2/5.0 - Bitstamp User
2022-11-27

not for newbies

hard to use for new users. took a lot of time, trial and error to learn to use the exchange. emailing with the customer support was not very effective for me. atleast i could find some helpful guidance on FAQ section

Evaluation
Price value
Ease of Use
Experience
Features
Safety
5.0/5.0 - CEX User
2022-11-27

Great for beginners

My start on the platform was easier that antcipated. The support section was very informative and resources were easy to understand as a new trader. Now can navigate and trade with ease!

Evaluation
Price value
Ease of Use
Experience
Features
Safety
4.8/5.0 - Kraken User
2022-11-26

Fees in EU

Glad fees on this platform are not too high and deposits are free in the EU. I withdraw quite often so those costs do add up ://

Evaluation
Price value
Ease of Use
Experience
Features
Safety
4.6/5.0 - Bitstamp User
2022-11-26

Cool design

The design and espacially the charts give me Wall Street vibes :) it is hard to read and understand what it means, though...

Evaluation
Price value
Ease of Use
Experience
Features
Safety
5.0/5.0 - Gemini User
2022-11-25

thanks for updates

Thanks for the up-to-date news, couldn't find some info elsewhere

Evaluation
Price value
Ease of Use
Experience
Features
Safety
4.8/5.0 - Coinmama User
2022-11-25

high fees

i knew that every exchange charges fees, but on coin mama it really ads up. at least the withdrawls are free

Evaluation
Price value
Ease of Use
Experience
Features
Safety
4.8/5.0 - CEX User
2022-11-25

APP

I prefer the web exchange over the app. Need time to analyse the charts and compare, while the mobile app can be a great alternative for short period of time it can only a fraction of information at a time. I know some people trade solely on the app, but I think it's not for me.

Evaluation
Price value
Ease of Use
Experience
Features
Safety
5.0/5.0 - Coinbase User
2022-11-22

ALL IN ONE

Multi-functional platform! Facilitates the essential functions that other exchanges fail to provide.

Evaluation
Price value
Ease of Use
Experience
Features
Safety
4.8/5.0 - Coinbase User
2022-11-21

expensive transfers

I enjoy the covenience of having a built in crypto wallet. However, the transaction base fee is on the more expensive side. I usually opt to make a bank trasfer if i'm in a rush.

Evaluation
Price value
Ease of Use
Experience
Features
Safety
5.0/5.0 - Kraken User
2022-11-21

SIMPLE

The newbie trading makes it very easy to use the platform!

Evaluation
Price value
Ease of Use
Experience
Features
Safety
5.0/5.0 - Gemini User
2022-11-20

Quick trades

I started trading on the go more because of the well designed app

Evaluation
Price value
Ease of Use
Experience
Features
Safety
4.8/5.0 - CEX User
2022-11-18

varying fees

for small sum trading CEX is one of the best in terms of low fees! but I often trade in high quantities and larger than average sums, so the fees add up and I end up paying a fortune...

Evaluation
Price value
Ease of Use
Experience
Features
Safety
4.2/5.0 - eToro User
2022-11-16

lowered fees

compared to some other exchanges, fees on etoro are more expensive. fortunately, the fees are not as high as they used to be.

Evaluation
Price value
Ease of Use
Experience
Features
Safety

FAQ

What is the best US crypto exchange?

As you might expect, it's a pretty contentious topic! There are actually quite a few different platforms that are going to be at the top of the lists of the best US crypto exchanges. Still, in many cases, Kucoin and Binance tend to still dominate the top of the charts.

What are the important features of the best US crypto exchange?

The most important features of the best US crypto exchange are going to, more or less, be the same as with the best cryptocurrency exchange, in general. Namely, you should look at how secure the platform is, how many different crypto assets it supports, how many payments methods it has and whether or not it's a non-custodial platform.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you’re looking to trade only the main cryptocurrencies, you probably don’t really care too much about the variety of coins available on the exchange. It’s all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.