Kaiko begins its first cryptocurrency exchange ranking

Kaiko begins its first cryptocurrency exchange ranking

BUSINESS

Kaiko begins its first cryptocurrency exchange ranking

Kaiko will rank the exchanges under six categories: legal & compliance, infrastructure, security, liquidity, data quality, and technology.

01/14/2022

Kaiko begins its first cryptocurrency exchange ranking

Kaiko, the crypto market data provider, starts its first cryptocurrency exchange ranking, according to the press release. 

Kaiko, founded in 2014, is a France-based market data provider. It analyzes blockchain-based digital assets.

Moreover, the company stated that they give data intended for institutional investors and market participants with enterprise-grade data infrastructure.

Kaiko initiating crypto exchange ranking

“Our comprehensive exchange ranking is designed to dissipate the opacity surrounding cryptocurrency exchanges and enhance the availability of transparent information for all market participants,” Ambre Soubiran, the chief executive of Kaiko. 

Soubiran added, “The ranking will be used as a key building block for designing reference rates and benchmark indices with vetted and reliable data sources.”

According to the release, the crypto exchange ranking is free. All information is on Kaiko’s website, The company layouts methodology guide detailing the derivation of Kaiko Exchange Scores and Kaiko Exchange Ranks. 

Kaiko unfolding six categories for ranking

Speaking of the purpose of ranking, it is “to give market participants a comprehensive framework for understanding the fragmented exchange landscape.” The company will rank the exchanges under six categories. 

Indicating scores to every crypto exchange needs the six categories: (1) legal & compliance, (2) infrastructure, (3)security, (4) liquidity, (5) data quality, and (6) technology.

The announcement stated, “The full ranking comprises dozens of individual attributes across the six categories to develop a detailed and nuanced score for each exchange.”

Well, another thing to consider is the updating period. The release said that the company will update “every six months in June and December.” “The first iteration covers a selection of centralized exchanges, but later iterations will cover decentralized and derivatives exchanges.”

By Marielle Petere Wozinga Staff

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