currently At the beginning of 2022 there are 458 spot cryptocurrency exchanges. We feature a list of the 50 best spot crypto exchanges.
Exchange Rank
CoinMarketCap ranks and scores exchanges based on traffic, liquidity, trading volumes, and confidence in the legitimacy of trading volumes reported. Highly-ranked exchanges will have markets that score well across Liquidity Scores, Volume, and Web Traffic Factor and have high Confidence scores.
Exchange Score
Exchanges will be given a score from 0.0 to 10.0 based on the above-mentioned factors, with weights attributed to each factor. The output score is then used to rank the exchanges accordingly. To preserve the data integrity of the ranking algorithm, we will not disclose the weights given to each individual factor.
In addition, we penalize exchanges and market pairs that have suspicious volumes based on the data model we employ. This is reflected in the final exchange score that an exchange receives.
The simple color-bands for Exchange Scores are as follows:
Above 6.0 – Good
4.0 to 6.0 – Average
Below 4.0 – Poor
N/A – Insufficient data points for a score. These exchanges will be placed at the bottom of the list.
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