South-African based crypto exchange, Luno, has been ranked among the top 10 best exchanges in the world by CryptoCompare.
The 2019 Q3 CryptoCompare Exchange Benchmark placed Luno at number 10 out of 165 exchanges which were evaluated as part of the process receiving an overall ‘A’ rating.
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Here is a breakdown of the top 20 global exchanges based on the benchmark:
- Gemini
- itBit
- Coinbase
- Kraken
- Bitstamp
- Liquid
- OKEX
- Poloniex
- bitFlyer
- Luno
- Bitfinex
- Binance
- Coinfield
- OKCoin
- bitFlyerEU
- Cexio
- Ind. Reserve
- HuobiGlobal
- BitTrex
- GoPax
CryptoCompare Exchange Benchmark is increasingly seen as the gold standard for rating crypto companies because of the broad set of important factors essential for the development of the industry.
Some of the factors that were considered include:
- Security
- Compliance
- Customer feedback
- Team strength
Commenting on the benchmark, Luno CEO, Marcus Swanepoel, said:
“In the last few months we have introduced new products, have become the first crypto exchange to be regulated in Malaysia and we are about to announce the launch of new markets. It is an exciting time for the industry and a very exciting time for Luno as we continue to build our community which now covers over 40 countries and is trusted by over 3 million people worldwide.”
The benchmark results come just weeks after Luno launched its exchange services in Uganda. It also comes just a day after FirstRand Bank, one of the biggest banks in South Africa, announced the closure of accounts for major crypto exchanges in the country, including Luno.
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