CryptoCompare, a cryptocurrency data and indices provider, has put forwards a benchmark for crypto exchanges so that customers can determine more easily which are the best trading platforms.

Today, CryptoCompare launched a benchmark which lists 100 active spot exchanges from all over the world, providing a “comprehensive, granular and reliable source of information on the best trading venues.”

CryptoCompare’s Exchange Benchmark was created due to a lack of reliable metrics that can be used to evaluate which cryptocurrency exchanges offer reliable services.

The company has stated:

“Employing both a qualitative (due diligence) and quantitative (market quality based on order book and trade data) approach, the product does not hinge on aggregate volume data but, rather, uses correlation-of-volume-to-volatility and standard-deviation-of-volume as inputs to CryptoCompare’s 30+ metrics. This is due to existing issues with volume manipulation, wash trading and trading incentives.”

The exchanges are ranked based on exchange…

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Source: https://thebitcoinnews.com/cryptocompare-puts-forwards-benchmark-for-cryptocurrency-exchanges/