- Bybit received an ‘AA’ rating in CCData’s Crypto Exchange Benchmark Report.
- The rating reflects Bybit’s growth, risk management abilities, and efficiency.
- Bybit’s ‘AA’ rating indicates its commitment to a secure trading atmosphere.
The latest CCData Crypto Exchange Benchmark Report has awarded Bybit, the third most frequented cryptocurrency exchange worldwide, with an ‘AA’ rating. Bybit is the sole centralized exchange to achieve an ‘AA’ rating in both categories, earning the top scores in spot and derivatives trading.
CCData’s comprehensive Exchange Benchmark is a crucial tool for assessing the efficiency and risk management abilities of both centralized and decentralized exchanges. Bybit’s achievement is due to its consistent growth in market share, indicative of the ongoing changes and heightened standards that have played a role in its success.
The 2023 Exchange Benchmark illustrates the advanced regulatory steps implemented by global authorities and mirrors the improved best practices of the industry. Bybit’s ‘AA’ rating underscores its adherence to these rigorous standards, indicating the platform’s dedication to offering a secure and dependable trading atmosphere.
The study underscores Bybit’s commitment to excelling within these benchmarks and the overall progress of the industry, as average scores have risen from 51.0 to 52.3. Bybit distinguishes itself from its competitors by being one of the seven centralized exchanges to achieve the highest “AA” rating. Bybit has been identified as a premier exchange, meeting CCData’s acceptable risk limit.
Leveraging CCData’s superior data solutions, the “AA” grade is supported by thousands of hours of research. This comprehensive analysis ensures that Bybit’s esteemed clients and partners can engage with a platform that is not only high-performing but also high-ranking in its category.
“We are privileged to be awarded an ‘AA’ grade in CCData’s respected Exchange Benchmark,” stated Ben Zhou, CEO and co-founder. “This is a noteworthy recognition that underscores our dedication to upholding the utmost security and regulatory adherence.”
