Kaiko releases its Cryptocurrency Exchange Ranking for Q2 2022
Today, we are happy to announce the update of our cryptocurrency exchange ranking for Q2 2022. Kaiko's Exchange Ranking is designed to provide a comprehensive framework for understanding the fragmented exchange landscape, by assessing six criteria:To get more news about WikiBit App, you can visit wikifx.com official website.
Governance, Business, Liquidity, Security, Technology, and Data Quality.
The new scores reflect the various evolution that took place in the exchanges covered by Kaiko. Subsequently, the Kaiko Exchange Score - a weighted average of each individual score, and in some cases the Kaiko Exchange Rating, has been updated.
Key takeaways from this update:
The top of our leadership is still held by Coinbase whose Kaiko Exchange Score increased by 2 points to reach 93, followed by Binance and Kraken, both at 86.
Boosted by their governance effort, FTX, Binance, and Huobi are the top 3 best performers jumping respectively 13, 11, and 8 ranks.
When ranked in descending order of their liquidity score, Coinbase, Binance, and KuCoin occupy the top of the leadership.
Exchanges losing ranks can be partly explained by an extension of the coverage, with the following twelve new joiners and their ranks: FTX US (4th), BitBank (11th), , Bitmex (22nd), Zaif (26th), BeQuant (30th), TheRockTrading (34th), Btcbox (36th), OKX (37th), Coinmate.io (38th), HitBTC (43rd) and Bibox (45th).
To add to that, Coinbase is still the sole exchange with a triple-A Kaiko Exchange Rating, rewarding exchanges with a high total score but also whose individual scores are all above-defined thresholds.
The AA-rated group, formerly composed of only Kraken, Gemini, and Bitstamp, welcomes five new members: Binance, FTX US, CEX.IO, FTX, and BitBank.
A Benchmark Ranking
Kaiko's Aggregated Quotes, our regulatory-compliant crypto asset quotes launched earlier this year for buy-side investors, will also be updated to reflect these updates.
The Exchange Scores will also be used to filter exchanges eligible to enter into the composition of the soon-to-be-launched suite of benchmark rates and indices.
Kaiko's exchange ranking is freely accessible on our website, along with a methodology guide detailing how both Kaiko Exchange Scores and Kaiko Exchange Rating are derived. The ranking can also be licensed for use within commercial products.
By | buzai232 |
Added | May 4 '23, 09:44PM |
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