CCData – Exchange Benchmark, Nov 2023

CCData's Exchange Benchmark was first introduced in 2019 to provide transparency in the digital asset exchange industry. Initially focusing on the risk of centralized exchange spot trading, the benchmark has evolved over time to include derivatives trading and decentralized exchanges. Over the past year, there have been significant changes in the digital asset exchange landscape. Global regulators have recognized the complexity of the sector and have strengthened their oversight mechanisms. As a result, exchanges have had to raise their standards to comply with these regulations. The November 2023 Exchange Benchmark reflects these elevated standards, with the latest report showcasing the improved performance of digital asset exchanges. Seven centralized spot exchanges have achieved the highest grade of AA in the benchmark. To address the increased oversight in the industry, the November 2023 Exchange Benchmark has partnered with several organizations including Ciphertrace by Mastercard, TokenInsight, Hexagate, and VASPnet. These partnerships ensure comprehensive regulatory coverage for the featured exchanges. Overall, the November 2023 Exchange Benchmark aims to provide an updated assessment of the digital asset exchange landscape, highlighting the improved standards and regulatory compliance within the industry.