Less than 4% of over 250 exchanges analysed by Digital Asset Research have demonstrated the integrity of pricing, volumes, valuations, and infrastructure to be deemed as ‘trustworthy’ for investors.
These venues include Bitfinex, Bitflyer, Bitstamp, Coinbase Pro, Gemini, Itbit by Paxos, Kraken, Liquid and Poloniex. The analysis was conducted by Digital Asset Research (DAR), an independent cryptocurrency data and analytics company.
In prior examinations, DAR found that Bitcoin price discrepancies between ‘trustworthy’ exchanges and data from overall industry exchanges averaged 1.14% - equal to a USD 1 billion+ gap in market value. These discrepancies were significantly higher for less liquid cryptocurrencies.
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