Is it illegal to issue virtual currencies? Top 10 recommended virtual currency issuance platforms in the world

There are still many compliant exchanges around the world that support virtual currency issuance and trading. Unauthorized issuance of virtual currency may involve illegal fundraising, financial fraud, pyramid schemes and other illegal activities, seriously disrupting the financial order, and may even constitute the crime of illegal business operations or fraud.

In China, issuing virtual currencies is an illegal act. According to relevant Chinese laws and regulations, unauthorized issuance of virtual currency may involve illegal fundraising, financial fraud, pyramid schemes and other illegal activities, seriously disrupting the financial order, and may even constitute the crime of illegal business operations or fraud.

Top 10 recommended virtual currency issuance platforms (exchanges) in the world

Although China bans virtual currency trading, there are still many compliant exchanges around the world that support virtual currency issuance and trading. The following is the ranking of global mainstream virtual currency trading platforms in 2025 (based on factors such as liquidity, security, and compliance):

1. Binance

   • Official website:

   • Features: The world's largest exchange, supports 1,600 trading pairs, and provides spot, contract, leveraged trading, etc.

2. OKX (Ou Yi)

   • Official website:

   • Features: Professional derivatives trading platform, supporting futures and options trading.

   • Gate.io (Sesame Open Door)

     • Official website:

     • Features: Supports niche currency and has many IEO activities.

3. Coinbase

   • Official website: https://www.coinbase.com

   • Features: US Compliance Exchange, suitable for beginners, supports fiat currency deposits.

4. Kraken

   • Official website: https://www.kraken.com

   • Features: Old-established exchange, high security, suitable for institutional investors.

5. KuCoin

   • Official website: https://www.kucoin.com

   • Features: Supports a large number of altcoins and has good liquidity.

6. Bybit

   • Official website: https://www.bybit.com

   • Features: Focus on derivative trading, and have a good experience in perpetual contracts.

7. Bitget

   • Official website: https://www.bitget.com

   • Features: The order-following trading function is outstanding, suitable for novices.

   HTX (Huobi)

8. • Official website: https://www.htx.com

   • Features: Old-established exchanges, stable liquidity.

9. MEXC

• Official website: https://www.mexc.com

• Features: The speed of placing new coins is fast, and some transactions are zero handling fees.

Things to note

• Chinese users should be cautious: virtual currency transactions are prohibited in China, and accessing international exchanges may involve legal risks.

• Compliance priority: It is safer to choose regulated platforms (such as Coinbase, Kraken).

• Beware of fraud: Avoid participating in unaudited ICOs or suspicious token offerings

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