One of the leading providers of crypto data and indices CryptoCompare has released a Crypto Exchange Benchmark. The benchmark has ranked over 100 active global cryptocurrency exchanges. The company inferred that the most trusted exchanges at the moment are Coinbase, Poloniex, and Bitstamp. Other exchanges that made it at the top ten of the ranking are Liquid, Kraken, and Gemini.
The company aims to improve the current evaluation of crypto exchanges. Therefore, the investors and traders will receive a comprehensive, granular and reliable source of information on the best trading venues. To provide the crypto exchange benchmark ranking, CryptoCompare separated the evaluation process into several methodology categories. These were – geography, legal and regulatory, investment, team and company, data provision, trade surveillance and market quality. The grading system classifies all exchanges with a grade between A and F.
Research says that a significant number of crypto exchanges globally are artificially inflating trade volumes. Thus, the new ranking has been launched in response to growing industry concern.