DiutoCoinNews

Bitcoin, Cryptocurrency News in Nigeria And Africa

CRYPTOCURRENCY NEWS HOT NEWS

Luno, the Only African Exchange Ranked Among the World Top Twenty Crypto Exchanges By Cryptocompare Exchange Benchmark Ranking.

Share this:

According to the latest CryptoCompare’s Crypto Exchange Benchmark ranking for Q4, 2019, Luno still ranks as the only African exchange on the top 20 worldwide.

The cryptocompare rankings is a popular crypto ranking website and is widely respected in the industry. It also ranks 160 plus spot exchanges across 64 metrics. It serves as a guide to identifying the lowest risk exchanges in the space.

See Also: South African Cryptocurrency Exchange Luno Enables Instant Crypto to Bank Accounts Withdrawals for Standard Bank Account Holders. 

The latest cryptocompare ranking also provides some insights into the space as shown below:

  • 30 percent of crypto exchanges possess a crypto exchange license or is registered as an MSB. 
  • While only four percent of these exchanges normally offer some form of crypto insurance. 
Average Risk Ranking Score per Jurisdiction
  • 56 percent requires strict KYC verification on users.
  • 46 percent of the exchanges incentivize and reward traders through free airdrops.
  • 33 percent of exchanges offer margin trading.
  • 96 percent of exchanges offer 2-factor authentication (2FA) for security.
  • It’s only 16 percent of exchanges that stores more than 95 percent of it’s crypto holdings in cold wallet.
  • 41 percent of exchanges organise trading competition to increase the trading volume.

Register On Binance

 

Copyright DiutoCoinNews

All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from  DiutoCoinNews.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Content Developer | Blogger | SEO Manager | Web Administrator | Web Designer | Copyrighter | Journalist| diutouche@outlook.com
0
Would love your thoughts, please comment.x
()
x