DIGITAL ASSET RISK

Crypto products can result in total loss. A rating is not proof of solvency, safety or local availability.

Read the safety standard

Exchange research

Custody, cost and company risk—examined together.

We review the exact product and legal entity a customer uses. Marketing scale, a reachable website or a registration badge never substitutes for custody terms and primary records.

5

exchange profiles
all evidence reviewed

How to read these assessments: Every file contains ten separate decision modules, at least four fixed scenarios, alternatives, a change timeline, FAQs and a visible conclusion-change gate.

Public-source assessment complete

Exchange

Coinbase

Custodial crypto platform with separate self-custody products

Coinbase combines a mainstream custodial account, an advanced order-book interface and institutional services. Its separate wallet products must not be treated as the same custody model.

Evidence confidence
medium
Research scope
Public-record and product-document assessment
Read the evidence assessment
Public-source assessment complete

Exchange

Kraken

Custodial exchange with retail and professional trading surfaces

Kraken offers custodial exchange services through region-specific entities and separately publishes a self-custody wallet. Its strongest public case is the breadth of security and fee documentation, not immunity from operational or regulatory risk.

Evidence confidence
medium
Research scope
Public-record and product-document assessment
Read the evidence assessment
Public-source assessment complete

Exchange

Crypto.com

Custodial app and exchange within a broader product family

Crypto.com is not one uniform surface: the custodial App, order-book Exchange and self-custody Onchain wallet have different custody, pricing and legal terms.

Evidence confidence
medium
Research scope
Public-record and product-document assessment
Read the evidence assessment
Public-source assessment complete

Exchange

Binance

Large custodial exchange with materially regionalised services

Binance offers deep product breadth, but its contracts, access and legal history make jurisdiction-specific due diligence essential. Binance Wallet and Binance.US are separate review objects.

Evidence confidence
medium
Research scope
Public-record and product-document assessment
Read the evidence assessment
Public-source assessment complete

Exchange

Baerx

Recently incorporated exchange with one verifiable registration record

Baerx is a digital-asset exchange operated by AURORA TECH LIMITED, a British Columbia company incorporated on 2 November 2025. This edition assesses the operator and its registration status against primary records, and explains what a Canadian FINTRAC money services business registration does and does not give a user. It also reports the first seven withdrawals this publication executed itself, each with a transaction hash published so readers can check it. Fees beyond those withdrawal deductions, execution quality, order-book depth, fiat rails and custody remain untested.

Evidence confidence
medium
Research scope
Public-record and product-document assessment
Read the evidence assessment

Understand the methodology

How every assessment is scored.

Exchange methodology