The existing processes for evaluating crypto exchanges are failing; metrics such as volume are frequently misleading, methodologies are unclear and preparatory due diligence is lacking across the board.
CryptoCompare is committed to providing the highest level of insight into a typically opaque and abstruse marketplace. To do so, our approach combines expert data collection and analysis with clearly stated methodologies and practices.
We believe that ‘fake volume analysis’ must be preceded by considered due diligence on exchanges.
We recommend an innovative ranking methodology that utilises a combination of qualitative (due diligence) and quantitative (market quality based on order book and trades) metrics, without using volume directly in the ranking.
Our ranking serves as a guide for investors and traders who want to identify the best venues for their risk appetite.
We assign a grade to each exchange which will help identify trust and reliability.
RT @WeissCrypto: #CryptoCompare has released its Q3 Exchange Benchmark Report. Report ignores trade volumes in ranking exchanges to prevent exchanges from using market manipulation tactics such as wash trading to rise in ranks.