Takeaways
CoinDesk’s biannual benchmark points to a more transparent, regulated exchange ecosystem, with stricter Top-Tier criteria, broader licensing, growing proof-of-reserves, and fewer security incidents.
Binance ranks AA and #1 in both spot and derivatives, pairing deep liquidity with strong compliance and security investments to deliver resilient performance.
Healthy competition among top-tier exchanges is raising the bar on market quality, governance, and disclosure, signaling a safer, more institutional-grade future for users and institutions.
