What is a Tier 1 crypto exchange?

The term “Tier 1” isn’t just a casual label; it represents the pinnacle of excellence in the crypto exchange landscape. But what exactly sets a Tier 1 crypto exchange apart from the rest? A Tier 1 crypto exchange is akin to the Ivy League of universities or the luxury brands in the world of fashion.

How secure is a Tier 1 exchange?

Robust Security - Tier one exchanges implement institutional-grade security measures, including cold wallet storage, encrypted online wallets, KYC procedures, and insurance policies to protect user funds. Their trading platforms are designed to be extremely resilient against outages, hacks, and cyber attacks.

What are the 3 largest cryptocurrency exchanges?

Currently, the 3 largest cryptocurrency exchanges are Bybit, OKX, and Coinbase Exchange. Total tracked crypto exchange reserves currently stands at $201 Billion. Trust Score is a rating algorithm developed by CoinGecko to evaluate the legitimacy of an exchange’s trading volume.