Recent data from market analysis firm CryptoCompare showed that the six largest crypto exchanges were responsible for the highest three-year spot volumes during the month according to the company’s analytical model.
The index classifies all crypto exchanges across multiple sectors – including legal / regulatory cases, data availability, security, and market quality – and includes them in the appropriate list.
The popular exchanges Coinbase, Gemini, Kraken, CrossTower, Bitstamp and itBit all received AA scoring status with values between 86.26 and 75.28 in August.
The report concludes: “In August, the top-level spot volume increased 43.6% to $ 2.4 billion and the lower-level spot volume increased 10.4% to $ 218 billion. The top exchanges currently account for 91.7% of the total spot volume. “
Although the data showed that Binance had a 65% increase in 3-month spot volume to a peak of 751 billion square with a score of 65.12.
Related: Coinbase plans to raise $ 1.5 billion through bond offering
The world’s largest cryptocurrency exchange by trading volume has been updated in the areas of asset quality / diversity and negative reports, but does quite well in terms of data provision and third-party security.
Two months ago, Binance was ordered by the UK’s Financial Conduct Authority (FCA) to suspend all trading activities pending an investigation into the exchange’s license and trading activities.
In response, the exchange announced that “the announcement by the UK FCA has no direct impact on the services offered on Binance”.