AirSwap is working to create a decentralized peer-to-peer exchange for ERC-20 tokens. Instead of using a centralized order book to execute trades, AirSwap is developing an indexer that will act like a search engine to connect traders. The AirSwap Oracle gives pricing recommendations in a way that is drastically different than the market maker pricing of centralized exchanges. The exchange is fueled by the AST token, which allows anyone to become a liquidity maker.

ZB.COM is a Hong Kong based exchange that ranks in the top 20 in terms of trading volume. It caters to the Chinese market and offers advanced trading features.
Trading Fee: 0.2%
Withdrawal Fee: 0.001 BTC
Number of Tokens/Coins: 79
ZB token holders receive discounts on trading fees.

United Traders is a Russian-based software company that is developing an investment marketplace and crytpocurrency exchange. Their Aurora platform allows traders to access some of the largest traditional asset exchanges. The UTExchange will offer smart-route technology to address liquidity problems that face cryptocurrencies with smaller trading volumes.