CryptoCompare have found that cryptoasset exchanges that seek external funding, rank generally higher across a number of metrics than exchanges that raise private funding.
This discovery is found in the new CryptoCompare Exchange Benchmarking Report which broadly evaluates cryptoasset exchanges across seven metrics, and over a timeframe of observation of several months.
CryptoCompare found that the highest rated exchanges (“AA”) were entirely externally funded, whereas the worse-rated exchanges secured progressively more private funding as the ratings dropped. Here, private funding seems to be an indicator of poor quality.
A further complication to the findings, however, show that…