CCData, the leading institutional digital asset data provider, today announced the launch of its updated Exchange Benchmark. The benchmark, now a cornerstone of the industry, provides a robust framework for ranking and assessing the risk associated with digital asset exchanges
Bitstamp, Uniswap and Kraken Achieve Top Spots in the Centralised, Decentralised and Derivatives Rankings, Respectively
April 19th - CCData, the leading institutional digital asset data provider, today announced the launch of its updated Exchange Benchmark. The benchmark, now a cornerstone of the industry, provides a robust framework for ranking and assessing the risk associated with digital asset exchanges (AA-F), underpinned by CCData’s standard-setting aggregate index methodology.
The decline of FTX in November, in combination with recent banking challenges, have emphasised the importance of transparency in the centralised exchange industry, leading to increased regulatory scrutiny.
In response, CCData has enhanced the underlying framework and methodology of its benchmark, ensuring that it remains at the forefront of industry best practices and effectively addresses the evolving regulatory landscape. CCData partnered with blockchain analytics firm Ciphertrace, a Mastercard company, to incorporate its leading transaction risk and KYC data.
Bitstamp retained its position as the highest-rated centralised exchange, maintaining the only AA rating, followed by Coinbase with a grade A. Bitfinex climbed 11 ranks to secure third place. Uniswap retained its position as the highest-ranked decentralised exchange, with an A grade. Kraken was the highest-scoring derivatives exchange, achieving a grade A alongside Bybit and Binance, in the first centralised derivatives benchmark.
Jean-Baptiste Graftieaux, CEO of Bitstamp, said: “We're proud to be named CCData’s top-ranked centralized crypto exchange for the second time in a row. Our #1 position confirms our absolute commitment to customer protection, as a secure, compliant, reliable and transparent exchange. It reflects our continued efforts to make crypto accessible to all institutional and retail investors. CCData’s Benchmark is the gold standard in exchange rankings: as such it's a fundamental part of building trust and helping investors make informed, confident decisions.”
“Recent industry changes have demonstrated that bad actors can disrupt the market and undermine trust. To ensure the creation of a fair and trustworthy exchange framework, it is imperative to establish clear rules of the road that enforce delineation and separation of functions and powers, along with robust regulation. CCData’s Exchange Benchmark rankings provide the necessary structure to understand trust within the markets.” said Charles Hayter, CEO of CCData.
"Safety isn't just a set of features at Uniswap. It's a mindset and part of our culture. As we work to build trusted alternatives to today's financial system, security is core to what we do every day.” said Mary-Catherine Lader, Chief Operating Officer at Uniswap Labs.
CCData's Exchange Benchmark brings transparency and accountability to the digital asset exchange sector. The report is updated twice annually to reflect the fast-changing digital asset landscape and is backed by thousands of hours of research, encompassing more than 200 qualitative and quantitative metrics.
CCData is an FCA-authorised benchmark administrator and global leader in digital asset data, providing institutional-grade digital asset data and settlement indices. By aggregating and analysing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CCData provides a comprehensive and granular overview of the market across trade, derivatives, order book, historical, social and blockchain data.
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