OKEx (www.okex.com) has made to the top 10 exchanges among 160+ active spot exchanges globally, according to the latest cryptocurrency Exchange Benchmark report from CryptoCompare, a global leader in digital asset data. With a refined methodology, the new report now offers market participants and new entrants the most comprehensive, granular and reliable source of information on the best digital asset trading venues. OKEx takes the top spot with a grade A verification in the Q3 report, further highlighting OKEx’s continuous effort and innovation in product development.
“We are glad to be well-received by our customers and analysts. It is so encouraging to see our years of hard work has paid off with a grade A verification and such ranking,” said Andy Cheung, Head of Operations of OKEx. “Such honor by a trusted firm reflects that we are endeavoring on the right track. We will never stop improving and will continue to develop and bring the best products to the global community. We hope to see ourselves at a higher position next time.”
Launched in June 2019, CryptoCompare’s Exchange Benchmark was created in response to the growing concerns over cryptocurrency exchanges engaging in wash trading and incentivised trading schemes to inflate volumes. The rankings bring transparency to the market and serve as a guide to traders, investors, regulators and exchange service providers who wish to understand the crypto exchange landscape and manage risks effectively.
The analysis reveals the top ten exchanges to be: Gemini (1), itBit (2), Coinbase (3), Kraken (4), Bitstamp (5), Liquid (6), OKEx (7), Poloniex (8), bitFlyer (9) and Bitfinex (10).
The ranking components include: geography; legal/regulatory; investment; team/company; data provision; trade surveillance; and market quality. Analysis is based on public information and detailed methodology is made freely available, underscoring CryptoCompare’s commitment to bringing greater transparency and improved decision-making to the cryptocurrency marketplace.