RootData released its seventh annual cryptocurrency exchange transparency ranking (stock category), with Binance continuing to dominate the list and Bybit returning to the top three.
RootData, a Web3 asset data platform, released its seventh annual cryptocurrency exchange transparency ranking (stock category), which continues to focus on the growth trend of stock assets on cryptocurrency exchanges. The top five exchanges this period are Binance, OKX, Bybit, Bitget, and Gate. Bybit rose two places to reclaim its place in the top three, primarily due to the listing of 49 new stock contracts during the statistical period, making it the exchange with the most supported stocks. Bitget fell two places, with traffic declining by over 40%, possibly related to the rapid drop in traffic following the end of the SPAX subscription event. With the rise in the Bitcoin and other cryptocurrency markets, trading volume on exchanges generally increased by over 10% this period, with Kraken seeing an increase of over 20%, propelling it to 6th place. Hotcoin fell to 10th place due to a decrease in its transparency score. RootData adheres to the principle of "transparency first," pioneering a dual evaluation system of "transparency + liquidity" in the stock-category cryptocurrency exchange sector, providing investors with more effective data references. The ranking will continue to be updated and released in the future.