Digital Asset Research (DAR), a leading provider of crypto asset data and research, today announced the release of its January 2024 Crypto Spot Exchange Vetting results. In an environment where cryptocurrencies trade across hundreds of lightly regulated or unregulated exchanges, DAR’s vetting processes apply institutional-level diligence to digital asset markets to meet an industry-wide need for reliable crypto data. 

Over 600 centralized spot exchanges were evaluated to identify 19 Vetted Spot Exchanges. 

Cryptology, EXMO, OKX, and WOO Network were added as new Vetted Spot Exchanges, while the following continue to be Vetted Spot Exchanges: Bit.com, Bitbank, Bitfinex, bitFlyer, Bitstamp, Bitvavo, Bybit, Coinbase, Coincheck, Gemini, GMO Coin, itBit, Kraken, LMAX Digital, and Luno.

The Exchange Vetting process combines quantitative and traditional qualitative due diligence to identify exchanges reporting accurate volumes and eliminate exchanges that are not appropriate for determining an accurate market price.

Results of the Exchange Vetting process determine pricing sources used to calculate DAR reference prices for institutional clients, including Bloomberg, Chainlink, FTSE Russell, the FTSE DAR Reference Price, Pyth, and Refinitiv.

DAR performs its Exchange Vetting processes quarterly. Results will next be announced in April 2024.