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Leading centralized exchanges extend market share in 2022

The top centralized cryptocurrency exchanges have reached all-time highs for market share this year as the trading volume in crypto consolidates onto the platforms of only a few trusted companies. These named “top-tier” crypto exchanges have increased their market share from 89% in August 2021 to 96% in February 2022, according to data collected by United Kingdom analytics company CryptoCompare published on Monday. The firm analyzed over 150 active centralized exchanges, ranking them on security, number of assets available, regulatory compliance, Know Your Customer checks and more, grading them from a top score of AA to a low of F, with “top tier” receiving a grade B or above. A total of 78 exchanges received a “top tier” grade, with Coinbase, Gemini, Bitstamp and Binance as the only four ...