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There are new updates to the Crypto Exchange ratings reports
The quarterly rating report has recently updated the score assigned to around seven cryptographic exchanges and with four downgrades. At the same time, he was able to add seven new exchanges, which evaluated them on the same metric as the trading volumes, compliance and safety.
The CER, Crypto Exchange Ranks, has begun to monitor cold and hot portfolios as part of the mission in promoting greater transparency within the sector.
Bithumb has been updated and Okex has been downgraded
Evaluations for cryptographic exchanges together with cryptocurrencies have been considered highly subjective. It is because any kind of ranking or even rating is bound to bring much controversy around the issue. However, the quarterly rating report is still increasing in popularity as it continues to shine the spotlight on the different verticals that are inside cryptographic ecosystem.
With the latest report presented by Tokeninsight, he was able to track the progress of various cryptocurrencies in the last three months despite the difficult conditions that have been witnessed in the market.
There were unique investors who took a step back in the last quarter, but all have an exception to Bithumb as the aggregate score and traffic have increased. But when we compare with Okex, it has drastically decreased its weight, which seems to worsen when it unilaterally changed the trading rules in the evaluation period. They have made changes to the contract delivery rules along with the modification of data rollbacks.
But there has been some updating seen from the evaluations made by Tokeninsight this is the Kraken, Hitbtc and Kucoin. At the same time, the Gemini and Poloniex they are also among the ratings that were able to receive evaluations for the first time.
The Trans-Fee mining stock registered poorly
The mining exchanges at a transaction fee which are mostly related to the trading of the wash and even the fake volume had a very poor score in the Tokeninsight report. One of the victims of this is the exchange of Fcoin for Hong Kong, where his score has significantly decreased.
The report found that some of the exchange exchanges that had brought large amounts of traffic inside the platform were mainly due to the notion that transactions for commissions and dividends were made free, and from this, the volume of the transactions reported in a month has greatly decreased.
When you look at compliance Fcoin is late, when we look at the development, plus, they have not been able to obtain the necessary license, which is for the relevant regulatory agencies in the market.
One of the ways that has proven to be instrumental is the exchange analysis services of the Crypto Exchange Ranks, as it has been able to successfully discover the false volumes that are present in the Asian platform. They are platforms like Coinbit, Fcoin and the GDAC. The last initiative that the company has been involved is the launch of the crowdsourcing framework that will be used in the encrypted exchange of transparency.
The CER platform he went on to look for the help of various transparency hackers. They approached them to help them identify and even track down the cold and hot wallets of all the major cryptic exchanges in the market.
The CER dashboard has already been populated with the current portfolio balances of the various major stock exchanges on the market. The platform has been designed in a very particular way, as the results are easily filtered over most of the size of the exchange portfolio, and once clicked on the balance of the wallet it will be able to reveal the distribution that exists between the cold portfolios and hot.
The CER it will not stop here, as they hope to add the same information to all the exchanges within the market, and with this, it should be able to bring great transparency to the industry.
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