Coinbase is the least risky cryptocurrency exchange to trade on, according to a report

Market data aggregator CryptoCompare considers Coinbase to be the most open and responsible cryptocurrency exchange in the world, according to a recent study by the company that evaluated 150 trading platforms.

According to CryptoCompare's researchers, the Brian Armstrong-led exchange was followed by cryptocurrency platforms such as Gemini, Binance and Bitstamp.

It is worth noting that only these four exchanges received an AA rating, indicating that they are the least risky cryptocurrency trading platforms. Further down the list, 11 other exchanges received an A rating, 27 received a BB rating, and 37 received a B rating.