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

According to the report, 99 percent of the exchanges studied currently use dual authentication mechanisms to help consumers better protect their cash. On top of that, more cryptocurrency platforms now "have an exchange or MSB license."

Nonetheless, CryptoCompare has determined that as the industry matures, cryptocurrency trading platforms must be prepared for increased political fallout, such as blockchain companies being forced to delete accounts belonging to Russian residents as a result of the conflict between Russia and Ukraine.