Coinbase ranked safest crypto exchange, followed by FTX US Derivatives: Report

Coinbase Global (NASDAQ:COIN) has been ranked as the safest cryptocurrency exchange for investors, followed by FTX US Derivatives, Bitstamp, Bittrex and Gemini among a list totaling 20 trading platforms, according to a report by BrokerChooser. The exchanges were ranked based on BrokerChoosers' so-called safety methodology, which is built on four main pillars: regulation, consumer protection, market fairness and transparency, the report said. Those pillars contain a combined 16 sub-categories relating to a number of qualitative and/or quantitative factors. Coinbase (COIN), America's largest crypto exchange by trading volume, saw an overall safety score of 4.1 out of 5, as per the report. It ranked as a tier 1 (best performing) exchange for most of the sub-categories and is "well known for its robust security features," BrokerChooser noted, adding that COIN is the most "transparent" (4.8/5) exchange since it "does a good job of making information readily available to the public in terms