Hacken has launched a new website that provides an all-in-one tool for rating cryptocurrency exchanges. Crypto Exchange Ranks (CER) allows for side by side comparisons of well over a dozen exchanges, including real-time arbitrage data and ratings for liquidity, compliance, reliability, and security.
Also read: Hollywood Stars in Movie About Crypto Money Laundering Crypto Exchange Ranks by Ukraine’s Hacken officially launches on Monday, June 18. The service allows users to access a wide range of metrics for major exchanges within the cryptocurrency ecosystem.
News.Bitcoin.com was granted access to the beta version of the platform, which comprises a scoring dashboard for exchange comparison together with tabs for viewing liquidity and arbitrage. While not every feature has been activated in the beta version, the ones that are in operation appear to work well and provide useful tools for traders seeking arbitrage opportunities, or trying to determine the withdrawal limits of various platforms. Anton Kaminsky, Business Development Director of Crypto Exchange Ranks, told news.Bitcoin.com that the goal was “to create a sophisticated tool for crypto exchange rankings, to save time and effort for all market participants”.
While platforms such as Coinmarketcap provide certain data on exchanges, such as 24-hour volume and most traded pairs, CER has taken a different approach. The site, which will be free at launch before later introducing a subscription model, scans the order book of each exchange in real time to calculate its size.
It also enables users to compare prices for any coin on up to five exchanges, to view aggregated volumes for up to five exchanges, and to check the balances of the platforms’ hot and cold wallets. While most traders are unlikely to be concerned with cybersecurity ratings, the existence of such tools may incentivize exchanges to improve their service, knowing that their every action is being monitored. Read more from news.bitcoin.com…
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