Exchange Benchmark April 2023

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.

  • April 19, 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 latest iteration of the report also includes an enhanced framework for assessing the risk associated with derivatives exchanges.

Key Findings

  • In March 2023, 71% of total volumes were from Top-Tier exchanges based on updated grading, compared to 92% in October 2022.
  • Transparency is increasing in the centralised exchange industry. After the collapse of FTX, 20% of exchanges have adopted Proof of Reserves or an alternative.
  • Exchange KYC practices are improving. In April 2023, 15% of analysed exchanges were deemed to have inadequate KYC practices according to Ciphertrace, which is an improvement from 21% in October 2022 and 35% in April 2022.
Download report
Stablecoins & CBDCs Report
The latest Stablecoin insights from CCData's award-winning research team, featuring trading volumes, peg deviations and more.
  • February 21, 2024
  • Stablecoins Report
Exchange Review
CCData's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
  • February 7, 2024
  • Exchange Review
Digital Asset Management Review
CCData’s Digital Asset Management Review provides an overview of the global digital asset investment product landscape. Our review focuses on key developments across various product types and tracks the adoption of these products by analysing assets under management, trading volumes, price performance and more.
  • January 31, 2024
  • DAMR
Stablecoins & CBDCs Report
The latest Stablecoin insights from CCData's award-winning research team, featuring trading volumes, peg deviations and more.
  • January 19, 2024
  • Stablecoins Report

Stay Up To Date

Get our latest research, reports and event news delivered straight to your inbox.