According to the latest exchange benchmark report released by CCData, seven centralized spot exchanges including Coinbase, Bitstamp, and Kraken received the highest rating of AA. Coinbase stands out in the centralized exchange benchmark with the highest security rating, displacing Bitstamp at the top of the list.
In the derivatives exchange category, 8 out of 27 platforms received the top rating of "BB+"; OKX topped the list, receiving an AA rating. Bybit also received an AA rating.
Among decentralized exchanges, only Uniswap has received an AA rating, recognized for its superior security and liquidity. Curve received an A rating, and dYdX and GMX received a BB rating.
Regulatory compliance is on the rise, with 75 of 107 centralized exchanges holding regulatory licenses, according to VASPnet.
Exchanges are improving on their KYC practices, with the average KYC score increasing from 2.8 six months ago to 3.2 out of 4. (Cryptoglobe)