Market Analysis Report (14 Jul 2020)

CryptoCompare’s up to date Change Benchmark file discovered that Most sensible-Tier cryptocurrency exchanges, the ones graded AA-B in keeping with the benchmark, are gaining marketplace percentage in opposition to Decrease-Tier exchanges, the ones graded C-E.

In the second one quarter of 2020, Most sensible-Tier buying and selling platforms already accounted for 40% of worldwide buying and selling volumes, transferring up from 32% in This autumn 2019, and from 36% within the first quarter of this yr. In June, Most sensible-Tier exchanges accounted for 46% of the worldwide buying and selling volumes.

By contrast, Decrease-Tier exchanges represented 68% of the cryptocurrency’s areas buying and selling volumes in This autumn 2019, however their marketplace percentage has slowly been declining to 60% in the second one quarter of the yr. In June, their percentage used to be at 54%.

CryptoCompare’s up to date Change Benchmark now features a know-your-customer (KYC) threat class that makes use of CipherTrace’s KYC and Integration Possibility Rankings, and an Asset High quality/Variety Class introduced in collaboration with Flipside Crypto’s FCAS scores.

Different adjustments come with the addition of a particular rating made for decentralizes exchanges, and the growth of the grading device to incorporate a “BB” class. The file additionally seems to be at cryptoassets’ safety practices, interactions with high-risk entities, and extra.