Six CryptoCurrency Exchanges Begin To Pull Away From The Pack
Digital asset data provider CryptoCompare released its updated Exchange Benchmark, revealing its Top-Tier exchanges based on a methodology assessing counterparty, operational, trading and security risks. The report ranks more than 160 global spot exchanges and assigns AA - E grades to help identify the lowest risk venues in the industry.
Six exchanges received the highest grading (AA): Coinbase, Gemini, Bitstamp, Kraken, itBit, and Luno. The Top-Tier exchanges gained 13% market share in the last 4 months and the number of Top-Tier exchanges grew as operational standards increased across the board. Improvements in data transparency, KYC stringency and transaction monitoring are key drivers.
Charles Hayter, Co-Founder and CEO of CryptoCompare said: “At a time of such tremendous growth of digital asset markets, it is of extreme importance to evaluate which exchanges are the most trustworthy. Our Exchange Benchmark, now the industry standard for ranking cryptocurrency exchanges, promotes transparency and maturity among trading venues.”
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