Cryptocurrency exchange Bybit has announced that it has received an "AA" rating from the CCData Crypto Exchange Benchmark Report, demonstrating the platform's compliance with strict global standards and its commitment to providing a safe and secure trading environment.
The CCData Exchange Benchmark Report is a key tool for evaluating the performance and risk management capabilities of centralized and decentralized exchanges. The 2023 Exchange Benchmark Rankings not only reflect industry best practices but also highlight the advanced oversight mechanisms implemented by global regulators.
Bybit noted that it was one of seven centralized exchanges to receive the highest "AA" rating and the only one in both categories. This classification means that the exchange is a high-quality venue that exceeds the acceptable risk threshold set by CCData.
In addition, the "AA" rating indicates that Bybit's customers and partners are working with a platform that is not only one of the best in terms of classification but also in terms of features.
"We are honored to receive an AA rating in the authoritative CCData Exchange Benchmark study," said Ben Zhou, co-founder and CEO.
"This is a significant award that reaffirms our commitment to maintaining the highest standards of security and compliance," he added.
Also read: FTX asks the court for permission to sell trust assets.
