CryptoCompare 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 Highlights

• Six exchanges received AA grades: Coinbase, Gemini, Kraken, Bitstamp, itBit and CrossTower.
• Top-Tier exchanges gained 4% market share since February.
• The number of Top-Tier exchanges grew as operational standards increased across the board. However, AA-A exchanges decreased due to stricter category and transaction risk threshold requirements - only 9 exchanges met AA-A status compared to 24 in Feb 2021.
• KYC still leaves much to be desired, with 34% of exchanges rated as having poor or inadequate KYC programs.