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…