Tokens is developing a cryptocurrency exchange for ERC20 tokens that will be powered by their native Dynamic Trading Rights token. Their exchange places a strong emphasis on community driven governance. They have developed a mechanism that allows DTR token holders to be consulted about the future direction of their trading platform and what additional token pairs will be listed.

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.

CoinBene is a cryptocurrency exchange that launched in November, 2017. It has quickly become a top 30 exchange by trading volume. CoinBene has offices in several countries and its website is available in multiple languages.
Trading Fee: 0.1%
Number of Tokens/Coins: 110
CoinBene released the Coni token to raise development funds. Coni token holders receive dividends and discounts on trading fees.