Centralised Exchanges
Category Statistics
of exchanges are only regulated under an AML/CFT regime.
are regulated under a virtual asset regime that addresses wider consumer protection, market conduct or prudential requirements in addition to AML/CFT requirements.
are either not under regulatory oversight or operate in a jurisdiction that does not have a virtual asset regime in place.
Increase in European licenses in the last 6 months, with France overtaking the United Kingdom in licenses granted for Benchmarked exchanges.
of exchanges possess an ISO 27001, SOC2 certificate or similar (vs 38% in Oct 2023, 30% in Apr 2023, 24% in Oct 2022, 15% in Apr 2022 and 13% in Aug 2021).
of exchanges utilise the services of a custody provider to store user assets (vs 32% in Apr 2023, 26% in Oct 2022, 24% in Apr 2022 and 23% in Aug 2021).
of exchanges state they hold the majority of their crypto holdings in cold wallets vs. 60% in Oct 2023.
of exchanges have implemented a Bug Bounty program (vs 68% in Oct 2023, 59% in Apr 2023, 50% in Oct 2022).
of exchanges offer proof of reserves or alternatives such as regular audited financial statements (compared to 20% in April 2023)
provide Merkle proof functionality enabling users to independently confirm the safety of their funds (vs 16% in October 2023).
of exchanges have transparent communication channels with their customers, represented by an announcement center or via other frequent update channels (vs 56% in October 2023).
of exchanges publicly disclose their ownership by individuals or institutions (vs 85% in October 2023).
of exchanges suffered from at least one occurrence of downtime.
of exchanges offer the ability to query full historical trade data via an API endpoint (vs 79% in Oct 23, 73% in Apr 23, 59% in Oct 2022, 52% in Apr 2022 and 47% in Aug 2021).
of exchanges offer at least a level 2 order book via REST or Websocket connection.
of exchanges offer a websocket data feed that users can subscribe to (vs 85% in Oct-2023, 79% in Apr-2023, 72% in Oct 2022, 66% in Apr 2022 and 64% in Aug 2021).
of exchanges formally conduct trade monitoring with an external provider (vs 40% in Oct 2023).
of exchanges impose strict ID verification requirements on users, restricting unverified users from trading on the platform.
of exchanges have a transaction monitoring program in place.
Of the centralised exchanges have strong market surveillance systems in place (vs 59% in Oct 2023).
of derivatives exchanges have insurance funds in place in case of unexpected losses due to exceeding initial margins.
of exchanges offer both perpetual and calendar futures.
of the analysed derivatives exchanges offer options trading.
of exchanges offer futures settlement in USD and cryptocurrency.
of exchanges incentivise market makers to enhance market quality.
