Despite billions flowing through centralised exchanges daily, there remains no consistent way to evaluate their underlying operational quality. Surface-level metrics dominate, and transparency varies widely. CoinDesk’s Exchange Benchmark report addresses this gap by offering a structured, independently verified framework to assess counterparty risk.
The April 2025 edition of the Exchange Benchmark report is our most comprehensive assessment to date. It covers 89 exchanges across spot and derivatives markets and features refined scoring across all eight categories, a more robust regulatory methodology and increased integration of verified licensing data via VASPnet. This is complemented by greater engagement with due diligence questionnaires (DDQs), enabling more transparent and accountable scoring.
The result is a clearer distinction between exchanges operating at institutional standards and those still falling short on core risk fundamentals.
Why benchmarking remains essential
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We współpracy z: https://www.coindesk.com/coindesk-indices/2025/06/10/why-the-market-needs-a-rules-based-benchmark-for-centralised-exchanges
