CryptoCompare’s Exchange Benchmark was created in response to growing concerns over digital asset exchanges engaging in wash trading and incentivised trading schemes to inflate volumes. The rankings bring transparency to the market and serve as a guide to traders, investors, regulators and exchange service providers wishing to understand the cryptoasset exchange landscape and manage risk effectively.

The report now ranks 160+ active spot exchanges globally, offering market participants and new entrants the most comprehensive, granular and reliable source of information on the best digital asset trading venues.

The analysis reveals the top ten exchanges to be: Gemini (1), itBit (2), Coinbase (3), Kraken (4), Bitstamp (5), Liquid (6), OKEx (7), Poloniex (8), bitFlyer (9) and Luno (10).