Bitstamp and Uniswap Obtain Highest Grade in Cryptocompare’s Change Benchmark Report


20 October 2022 21:27, UTC


Studying time: ~2 m

CryptoCompare, the main institutional digital asset knowledge supplier and FCA-authorized benchmark administrator, has launched its up to date Change Benchmark, which now additionally assesses the chance related to decentralized exchanges (DEXs).

In response to a press launch the agency shared, buying and selling exercise on decentralized cryptocurrency exchanges has skyrocketed, to the purpose that in sure situations DEX volumes surpass these of centralized cryptocurrency buying and selling platforms. Consequently, the agency’s Change Benchmark now assesses “centralized and decentralized exchanges from a danger perspective.”

Per the agency, the Change Benchmark ranks 130 centralized buying and selling platforms and 30 decentralized platforms from AA to F, in a bid to “determine the lowest-risk buying and selling venues for market contributors.”

CryptoCompare highlights that the DEX Benchmark capabilities independently from the Change Benchmark and “includes a distinctive methodology that covers 60+ metrics below the next areas: Safety, Group, Transparency, Governance, Market High quality and Incentives.”

CryptoCompare’s co-founder CEO Charles Hayter was quoted saying:

CryptoCompare’s Change Benchmark has turn into an important device for institutional traders navigating the digital asset panorama. Given the elevated adoption of decentralised exchanges, the newest benchmark has been expanded to embody an industry-first framework for assessing the chance of this new sort of buying and selling venue.

The decentralized Change with the very best rating within the agency’s first-every DEX Benchmark was Uniswap v3, which managed to get an A ranking. Behind Uniswap got here Curve, a stablecoin trade, and Balancer, which permits customers to mechanically managed portfolios. These platforms have been adopted by dYdX and SushiSwap.

In relation to centralized cryptocurrency exchanges, the very best ranking was given to Bitstamp, the world’s longest-running cryptocurrency trade.

Bitstamp is the top-rated #CEX in @CryptoCompare’s newest Change Benchmark.

Proud to be the one trade to obtain an AA ranking persistently over the past 4 surveys.

👉 #stablecoins

— Bitstamp (@Bitstamp) October 20, 2022

Bitstamp’s AA ranking was adopted by Nasdaq-listed cryptocurrency trade Coinbase, which obtained an A ranking, and by Gemini, which additionally obtained an A ranking with the identical rating as Coinbase. These have been adopted by LMAX Digital and main cryptocurrency trade Binance which misplaced some factors over “detrimental occasions.”

Subsequent have been Kraken, FTX, and Luno by that order. These exchanges outranked different main platforms comparable to itBit, Binance.US, Bitfinex,, and FTX.US.

CryptoCompare’s report additionally factors out that within the April 2022 version of the Change Benchmark the agency highlighted that 54 cryptocurrency exchanges had shut down since June 2019. It provides that 68 exchanges have shut down up to now three years because the {industry} consolidates.

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