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Coinbase Ranks Top Among Crypto Exchanges, ‘Oligopoly’ Seen on Horizon

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Coinbase Ranks Top Among Crypto Exchanges, ‘Oligopoly’ Seen on Horizon

Increased attention from regulators

While traders are increasingly moving to large and safer exchanges, regulators across the world are also increasing their pressure on exchanges, CryptoCompare said.

According to the report, regulators have paid more attention to centralized exchanges over the past six months in particular, with regulators in both the EU and the US expressing concerns about the growth of the industry.

“Exchanges have reacted to this by sharpening their processes when it comes to security, regulatory risk, and KYC policies,” the report said. 

It noted that one way this can be seen is through the exchanges’ web security score, which has improved significantly since last year.

Coinbase Ranks Top Among Crypto Exchanges, ‘Oligopoly’ Seen on Horizon

Source: CryptoCompare

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Source: ethereum.today

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