Reading time: ~2 m
The analytical company BrokerChooser assessed the investment security of platforms for trading digital assets and presented a rating that included the twenty largest cryptocurrency exchanges.
The rating was compiled on the basis of factors such as “regulation, consumer protection, fairness and transparency.” According to the BrokerChooser report, the first place with a score of 4.1 out of 5 was taken by the American crypto exchange Coinbase, which bypassed competitors in most categories.
In second place with a score of 4.0 was the FTX US Derivatives exchange – an options and futures market owned by the FTX exchange. US. Note that the FTX itself. THE U.S. finished in seventh place.
The British-Luxembourg platform Bitstamp took third place with a score of 3.8. The study notes that over the past five years, the exchange has not faced any regulatory problems. Bittrex and Gemini round out the top five safest exchanges with a score of 3.7.
Among other popular exchanges, Crypto.com ranked eighth and Binance.US ninth. The Binance platform itself took the 15th place, and KuCoin – the 18th. In terms of regulation, the highest score was received by FTX US Derivatives, Gemini and Kraken Futures, and the KuCoin and ByBit exchanges took the last places with a score of 1.0.
In the category of “consumer protection”, the leading position was taken by Gemini, and OKX was in last place. Coinbase ranked first for transparency at 4.8, while a half-dozen exchanges scored just 1.0, including Binance, OKX, KuCoin, Gate.io, Bybit, and Phemex.
Recall that in 2021, shareholders filed a class action lawsuit against Coinbase, accusing it of providing false information about the financial situation when placing shares on the Nasdaq stock exchange.
#BrokerChooser #compiled #security #rating #cryptocurrency #exchanges