The Banking Executive Magazine - November 2022 Issue

How To Pick The Best Crypto Exchanges? should join hand to establish re- gional centres for crypto exchange market intelligence. The crypto exchange market intelli- gence centres will carry the follow- ing tasks: • Data gathering: This involves gathering real time data to capture and trace the activ- ities of crypto currency exchanges worldwide. Data gathered may in- clude basic trading activity indica- tors and advanced data from monitoring trading exchanges ac- tivities. • Ranking crypto exchanges: This involves the development of various methodologies to rank crypto exchange based on market intelligence and analytics con- ducted on gathered data. • Educating the investor: This involves the gathering of re- sources to educate investors on using crypto exchanges and how to pick the best crypto exchange that fulfil the investor needs. • Regulating crypto exchange market: This involves setting rules at na- tional and global level to regulate the crypto exchange market and protect the investor from fraud and avoid misuse for terrorism and war finance. • Developing standards: There are currently no standards recognized worldwide to rank crypto exchanges according to var- ious criteria and key variables. Hence the proposed regional cen- tres for crypto exchange market in- telligence should develop global standards for ranking and evalua- tion of crypto exchanges world- wide. the BANKING EXECUTIVE 16 ISSUE 167 NOVEMBER 2022