Exchange Benchmark April 2022

Report Summary

CryptoCompare's Exchange Benchmark ranks more than 150 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 Findings

  • Coinbase received the highest score in our latest benchmark, followed by Gemini, Bitstamp, and Binance. All of the aforementioned exchanges received an AA ranking.
  • Out of the 79 Top-Tier exchanges, 4 received an AA rating, 11 received an A rating, 27 received a BB rating, and 37 received a B rating. 80 exchanges were ranked as Lower-Tier. 
  • Top-Tier exchanges have gained market share of total exchange volumes since August 2021, increasing from 89% in July 2021 (based on Aug 2021 rankings) to an average of 91%. Top-Tier exchanges traded a total of $1.5tn in Feb 2022 compared to $62bn for Lower-Tier exchanges. 
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