Exchange Benchmark

CCData's Exchange Benchmark is the industry standard for ranking the risk associated with the digital asset exchange sector. The report is backed by thousand of research hours and utilises over 200 qualitative and quantitative metrics.

  • November 1, 2023

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. 

The November 2023 Exchange Benchmark also features strategic partnerships with Ciphertrace by Mastercard, TokenInsight and Hexagate. This also includes a newly forged partnership with VASPnet.

Key findings:

  • Seven centralised exchanges achieved the highest attainable grade in the benchmark, AA. This highlights the progress made by exchanges a year on from FTX.
  • Coinbase secured the highest score in the Centralised Exchange benchmark, with a leading security rating.
  • 8 of 27 derivatives exchanges attained a Top-Tier (BB+) rating, however, only 2 received an AA rating.
  • There was only one AA ranked decentralised exchange, in part due to its high security and liquidity scores.
Download report

Exchange Benchmark

CCData's Exchange Benchmark is the industry standard for ranking the risk associated with the digital asset exchange sector. The report is backed by thousand of research hours and utilises over 200 qualitative and quantitative metrics.

  • November 1, 2023

Report Summary

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. 

The November 2023 Exchange Benchmark also features strategic partnerships with Ciphertrace by Mastercard, TokenInsight and Hexagate. This also includes a newly forged partnership with VASPnet.

Key findings:

  • Seven centralised exchanges achieved the highest attainable grade in the benchmark, AA. This highlights the progress made by exchanges a year on from FTX.
  • Coinbase secured the highest score in the Centralised Exchange benchmark, with a leading security rating.
  • 8 of 27 derivatives exchanges attained a Top-Tier (BB+) rating, however, only 2 received an AA rating.
  • There was only one AA ranked decentralised exchange, in part due to its high security and liquidity scores.
Download report

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