Explore the latest centralised exchange rankings from CoinDesk's Exchange Benchmark
CoinDesk's Exchange Benchmark was established in 2019 to assess the risk associated with digital asset exchanges through a robust, data-driven framework. As the industry's most trusted reference point, it enables institutional users to evaluate critical factors including counterparty risk, market quality, security, and regulatory compliance across nearly 100 spot and derivatives exchanges.
The Benchmark has continuously evolved to address structural market shifts, including derivatives growth and heightened regulatory scrutiny. Its comprehensive methodology examines eight risk categories via over 100 metrics, forming the foundation of CoinDesk Data's regulated, aggregated index methodology (CCIX).
Building on the core foundation of the Centralized Exchange Benchmark, CoinDesk Data's Derivatives Exchange Benchmark provides specialized assessment for derivatives trading platforms. While maintaining consistency in most evaluation categories, it features tailored modifications to three critical areas: Market Quality, Data Provision, and Asset Diversity—reflecting the unique characteristics of derivatives markets.
This specialized framework currently evaluates over 30 derivatives exchanges, offering institutions comprehensive risk assessment specifically calibrated for derivatives trading environments.
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