Recent data from market place analyst business firm CryptoCompare reveals that the leading six cryptocurrency exchanges, as per the company's analytical model, were responsible for a iii-yr high in spot volume throughout the calendar month of Baronial.

The metric grades all cryptocurrency exchanges across a multitude of areas — including legal/regulatory cases, data provision, security and marketplace quality, amongst others — and ranks them in a list accordingly.

Pop exchanges Coinbase, Gemini, Kraken, CrossTower, Bitstamp and itBit all received AA grading status within the August catamenia with a score ranging from 86.26 to 75.28, respectively.

The report concludes: "In Baronial, Peak-Tier spot volumes increased 43.6% to $2.4tn and Lower-Tier spot volumes increased ten.4% to $218bn. Superlative-Tier exchanges at present represent 91.seven% of total spot volume."

Although the data revealed that Binance reported a 65% increment in iii-calendar month spot book with a leading effigy of $751B, outstanding regulatory concerns in numerous global jurisdictions meant that the commutation was a stark omission from the above list, ranked in the 23rd position with a score of 65.12.

Related: Coinbase plans to raise $ane.5B via debt offering

The world's largest crypto exchange by book trading was docked points in areas of asset quality/diversity, as well as negative reports, but performed reasonably well in data provision and joint-third for security.

Ii months ago, Binance was ordered by the Great britain's Financial Conduct Authority (FCA) to suspend all trading activity until an investigation into the substitution's permit license and subsequent trading operation is satisfactorily concluded.

In response, the exchange announced that "the FCA UK notice has no direct impact on the services provided on Binance."