How do Crypto exchanges stack up based on different metrics?

The Exchange benchmark is a useful tool for investors & traders who are looking for reliable avenues of digital assets trading

If you are a prospective trader, the first thing that probably comes to your mind is what platform to choose. While it is much easier to do this in traditional financial markets of Stocks or Forex, it is a little more tricky when it comes to trading the digital assets like the cryptocurrencies — primarily because it’s a new phenomenon and the oldest crypto trading platforms have been in business for less than a decade.

This is where you need reliable market data that can come in handy to decide which way to go. Cryptocompare, a global cryptocurrency market data provider established the Exchange Benchmark in 2019 and just published the Report for July 2020 — which ranks 165 crypto exchanges based on a variety of metrics and the following 8 categories of evaluation.

The figures in the brackets are the assigned weights for the crypto exchanges & decentralized exchanges (DEXs) respectively.

⓵ Legal/Regulation (15%, 5%)

⓶ KYC/Transaction Risk (15%, 15%) — Engagement for DEXs