In the most recent CCData Crypto Exchange Benchmark Report, Bybit—the third-most visited cryptocurrency exchange globally—has received an ‘AA’ grade. As the only centralized exchange to get a “AA” in both categories, Bybit received the highest grades in both spot and derivatives trading.
A vital instrument for evaluating the effectiveness and risk management capacities of both centralized and decentralized exchanges is CCData’s extensive Exchange Benchmark. Bybit’s accomplishment is the result of steadily increasing its market share, which reflects the constant shifts and elevated expectations that have contributed to its success.
The 2023 Exchange Benchmark showcases the sophisticated supervision measures put in place by international authorities in addition to reflecting the industry’s enhanced best practices. Bybit’s ‘AA’ rating highlights how closely it follows these strict guidelines, demonstrating the platform’s commitment to provide a safe and reliable trading environment.
The research emphasizes Bybit’s focus on doing well within these standards and overall industry gains, with average scores improving from 51.0 to 52.3. Bybit has set itself apart from the other competitors by being one of the seven centralized exchanges to get the highest rating of “AA.” Bybit has been classified as a top-tier exchange, reaching CCData’s acceptable risk threshold.
Utilizing CCData’s top-notch data solutions, the “AA” grade is backed by thousands of study hours. This thorough analysis guarantees that Bybit’s prestigious customers and partners may interact with a platform that is top-notch by performance as well as top-tier by categorization.
“We are honored to receive an ‘AA’ rating in CCData’s authoritative Exchange Benchmark,” said Ben Zhou, co-founder and CEO. “This is a significant accolade that reinforces our commitment to maintaining the highest standards of security and regulatory compliance.”