Published on July 10, 2020. CryptoCompare Exchange Benchmark ranks more than 165 global spot exchanges to bring transparency and accountability to the cryptoasset exchange landscape by providing a framework for assessing risk. The Benchmark assigns a AA - F grade to help identify the lowest risk venues in the industry.
Key Highlights
The analysis reveals that US exchanges retained the top spots, with Gemini ranked first. Gemini is followed by Coinbase (2), Kraken (3), itBit (4) and Bitstamp (5).
- Lower-Tier exchanges (grades C-E) have continued to lose market share to Top-Tier exchanges (grades AA-B), quarter on quarter.
- Top-Tier exchanges (grades AA-B) accounted for 32% of global volumes in Q4 2019. In 2020, they accounted for 36% in Q1 and 40% in Q2.
- The top three decentralised exchanges (DEXs) based on our refined DEX methodology are Binance DEX, Switcheo, and IDEX.
Source: CryptoCompare
