Low-quality cryptocurrency exchanges still dominate market, says new report

The cryptocurrency trading market is thriving, yet it’s exchanges with less than stellar reputations for regulatory compliance and data security that are still getting the lion’s share of trades.

That’s according to cryptocurrency data firm CryptoCompare, which today released its July 2019 Exchange Review. The report provides crypto enthusiasts with the latest developments in the crypto trading industry, which includes some alarming data regarding the market’s reliance on what CryptoCompare considers “low-quality” exchanges.

While some of the industry’s most trustworthy exchanges, such as Coinbase and Poloniex, experienced significant gains in overall market share in the last month, smaller and less-reliable exchanges still hold a dominant presence in the market, according to the report. All in all, more than 60 percent of all the trading volume across the market is conducted on low-quality cryptocurrency exchanges that earned either “D” or “F” ratings from…