Coinbase, Binance and Kraken took the first three places in the updated ranking of cryptocurrency exchanges
Major crypto exchanges Coinbase, Binance and Kraken are among the top three in the second quarter of this year, according to a ranking by Paris-based data provider Kaiko.
FTX.US, Gemini, Itbit, Bitstamp, CEX.IO, FTX and Huobi round out the list of top 10 crypto exchanges for the quarter.
Kaiko ranks cryptocurrency exchanges based on a weighted set of individual scores on six criteria: governance, business, technology, data quality, security and liquidity. The management score gets the highest weighting (30%) in the composite.
Compared to the previous ranking, which was published in mid-January, FTX, Binance and Huobi made the biggest improvements in the rankings, helped by their management efforts.
Notably, Binance and FTX did not make the top 10 in the previous ranking.
Coinbase, Binance and KuCoin have the most liquidity among rated cryptocurrency exchanges, while Itbit and Huobi have the least liquidity among the top ten.
San Francisco-based Coinbase continues to top the list and remains the only exchange with a “Kaiko Triple-A Exchange Rating,” which means the cryptocurrency exchange registered a high overall score and individual scores that exceed the established threshold.
The AA-rated Kaiko Group, which previously consisted of Kraken, Gemini and Bitstamp, welcomed five new members to the list, including Binance, FTX.US, CEX.IO, FTX and BitBank.
