"Opportunities don't happen, you create them."

- Chris Grosser

Howdy, investors!

Since the U.S. is one of the most restrictive countries for crypto investors, today we're unveiling our list of top exchanges for U.S. citizens and residents where you should feel safe.

Goldman Sachs is seeing renewed interest in crypto from its institutional clients, which could help boost the markets overall.

After years of silence on whether Ethereum is a security, the SEC is now looking to classify ETH as a security. The move doesn't look likely to succeed.

Brian Armstrong, founder and CEO of Coinbase ($COIN), weighs in with his insights into the history and future of bitcoin and crypto.

Read on to explore more!

Top Crypto Exchanges for U.S. Citizens and Residents

by Matthew Du

Crypto exchanges are the heart of the cryptocurrency market. However, U.S. investors are disadvantaged since the U.S. is one of the most restrictive countries regarding crypto.

In our new guide, investors in the U.S. will find a wide range of exchanges that can potentially give them the combination of security, fee structure, and rewards they want when considering their investments.

While there is no singular “best cryptocurrency exchange,” there are many excellent U.S. exchanges, each serving a different niche and purpose. Some exchanges are better for experienced traders, while those with simple interfaces are better for beginners.

Here’s our guide to the top crypto exchanges for U.S. citizens and residents in 2024.

U.S. readers: click here to get the guide >>

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New Investor Scorecard: Lido DAO (LDO)

Lido is a liquid staking protocol that allows users to stake proof-of-stake tokens like ETH

in exchange for receipt tokens callled LDO. It is governed by Lido DAO, whose members include its LDO token holders.

Our Investor Scorecard uses our industry-leading framework to determine if LDO is worth your investment. Lido is the largest liquid staking platform, but can it retain that title? Or will it slowly fade in the face of competition?

Premium members can download the Lido DAO Investor Scorecard here to learn what our analysts say about investing in LDO.

Are you not yet a Premium member? Sign up now to access our tools and tips to make you a better crypto investor.

Must Read

Today's most important stories for crypto investors.

Goldman’s Hedge-Fund Clients Get More Active in Crypto Options (Bloomberg)

Following the approval of bitcoin spot ETFs, demand is coming from traditional hedge funds, but the client base is expanding to include asset managers and digital asset firms. As institutional investment grows, the entire ecosystem should benefit... which could mean significant growth for BTC investors.

The SEC Tries to Put the Ethereum Toothpaste Back in the Tube (Fortune)

The SEC is escalating its conflict with the crypto industry by targeting Ethereum and issuing subpoenas to U.S. companies for records related to the Ethereum Foundation. This is significant, as Ethereum underpins much of the crypto ecosystem, and there are outstanding applications for spot Ethereum ETFs. The likelihood of the SEC winning a legal battle over Ethereum's status as a security is low, so we're not selling our ETH any time soon.

Why Bitcoin Will Take Over The World: Coinbase CEO Brian Armstrong (YouTube)

Coinbase founder and CEO Brian Armstrong is passionate about economic freedom and its correlation with positive societal outcomes. He believes that bitcoin technology could increase global economic freedom, as it requires only a smartphone and internet connection, allowing people around the world to engage in free trade and protect their property rights. This video provides investors (especially $COIN investors) with great insights from the mind of a crypto pioneer.

Long-Term Wealth

$1K invested at today's market prices

This asset	invested 5 years ago	is now worth
Bitcoin (BTC)	$1,000	$10,519
Ethereum (ETH)	$1,000	$7,946
Uniswap (UNI)*	$1,000	$2,100
BNB Chain (BNB)	$1,000	$41,801

Note: The future may look different from the past. Please invest carefully.

* As UNI is less than five years old, we calculate from the launch date (Sep 2020).

Chart of the Day

Top DEX projects, ranked by market share

While we like to look at daily active users (DAU) to get a feel for which projects are most successful, another great metric that helps to show a project's growth or decline is its market share within its sector.

This can help show the project's relative strength vs. competitors.

For example, in a bear market, you might see DAU declining for a certain project, but if you look at a chart like the above, you'll find that it is actually gaining market share vs. its competitors, despite weaker market conditions.

Applying this idea to the chart above, we can see that even though trade volumes are rising, 1inch (purple) and SushiSwap (yellow) are losing market share, while PancakeSwap (dark green) and Trader Joe (orange) are increasing.

While we're still fans of the Daily Active Users metric, looking at market share can give you increased insight into whether the market as a whole is growing, providing additional context to DAUs.

ICYMI