Methodology
How we score crypto exchanges
The 5 factors, weights and scoring rubric behind every SafetyScorer score for crypto exchanges, on a 0–100 scale where 100 is safest.
Factors and weights
Each factor is scored from 0 to 100 against the rubric below. The overall score is the weighted average, rounded to a whole number.
Security history
30% of scoreHacks and losses of customer funds, and how they were handled. 90+: no material loss of customer funds. 60–79: a hack with full reimbursement. Below 50: losses not made whole.
Proof of reserves
20% of scoreRegular, independently verified proof of reserves including liabilities, or audited financial statements. 90+: audited public company or frequent verified PoR with liabilities.
Licensing
20% of scoreLicences in strict jurisdictions (US state money transmitter / NYDFS, EU MiCA, UK FCA, Japan FSA). 90+: licensed in several strict jurisdictions. Below 40: mostly offshore.
Custody and protection
15% of scoreSegregation of customer assets, cold storage share, insurance, bankruptcy protection. 90+: clear segregation and strong custody.
Legal record
15% of scoreEnforcement actions, fines and criminal cases against the company or its executives. 90+: none significant. Below 40: major criminal or regulatory cases.