CryptoCompare, for the uninitiated, is one of the leading analysis companies on the cryptocurrency market, the company offers, among the various services, a comparative analysis on the main exchanges of the market which is distributed in the form of ranking; making the news is the fact that CryptoCompare has excluded binances from the top ten of the world's top cryptocurrency exchanges. Ordering the platforms by rating, in fact, on the podium we find Gemini, itBit and Coinbase (AA rating), followed by Kraken, Bitstamp, Liquid, OKEx, Poloniex, bitFlyer and Luno (from third to tenth position) while Binance is placed only twelfth preceded even by Bitfinex (the last platform to enjoy an A rating, from the thirteenth to the forty-sixth position are the exchanges to which a B is attributed). On the site it is also possible to see the judgment given by the users and here things change radically, none of the top ten exchanges by rating ranks at the top by receiving 5 stars from users, while binance (with 4 stars) is confirmed in twelfth place but ahead however all the other 11 platforms that instead (in the judgment of CryptoCompare) would be higher.

Charles Hayter, co-founder and CEO of the company, said that the hacker attack occurred in May 2019 to bring down several Binance positions; personally, however, I tend to give little importance to these rankings, it remains that binance continues to remain among the main exchanges of the market for volumes traded, thus collecting the approval of a large part of the community. As far as I am concerned, I have often expressed my distrust of this platform, both for the speed with which it has grown and for some attacks in the past, but I have to admit that I have changed my mind over time; binance is today the second exchange for volumes traded after BitMEX, it is among the few platforms that continues to allow anonymous trading (together with BitMEX), has shown in the last year to have vision and ideas to grow the market and has an expansion plan that I have often been able to praise in many old articles. Despite the fact that the CryptoCompare ranking has made a lot of talk about whether, therefore, the cryptocurrency market once again proves to be profoundly different from the regulated markets and the rating systems, which many companies have tried to establish, do not seem to be successful or interesting in the community which continues to prefer to make its own assessments individually on the quality of certain projects and this seems to be true both for the crypto and for the exchanges themselves.