Organisation

Binance

8 placements on ChainChoice under Binance, each scored against its own category's pool and criteria — none currently #1. The placements are not averaged and not ranked against each other: a #1 exchange and a #6 crypto card are two different products in two different markets.

Rank#4 OverallScore75

#1 in this category: Bybit

Binance OTC & Execution Services

Rank#4 OverallScore66

#1 in this category: Gemini eOTC

BNB Smart Chain

Rank#4 OverallScore69

#1 in this category: Gnosis Chain

Token Launchpads

Binance Launchpool

Rank#5 OverallScore72

#1 in this category: DAO Maker

Binance P2P

Rank#6 OverallScore47

#1 in this category: Hodl Hodl

Layer-1 Blockchains

Rank#8 OverallScore68

#1 in this category: Ethereum

Binance-Peg BTCB

Rank#8 OverallScore44

#1 in this category: tBTC (Threshold Network)

Binance Staked ETH (WBETH)

Rank#9 OverallScore49

#1 in this category: Jito

Exchanges

How you can lose money here, and what the ranking scores

Custody failure (Binance 7/10): whoever holds the assets loses or withholds them.
Scored by When this venue broke, did people get their money out — and how would I know? · 28%
Insolvency failure (Binance 7/10): the firm or issuer that owes you cannot pay.
Scored by If this exchange fails — or freezes me — are the coins legally mine, and on whose terms? · 18%
Regulatory failure (Binance 5/10): no licence where you are, or a forced market exit.
Scored by Whose licence actually covers me in my country — and can I find it on the register? · 24%

Not assessed by this ranking: Control failure, Liveness failure, Execution failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: What will I actually pay here at my volume — including the spread they don't print? (30%).

OTC Desks

How you can lose money here, and what the ranking scores

Insolvency failure (Binance OTC & Execution Services 5/10): the firm or issuer that owes you cannot pay.
Scored by Counterparty footing and asset segregation · 30%
Execution failure: you get a worse price, later, or nothing.
Scored by Documented settlement mechanics · 22% (Binance OTC & Execution Services 6/10)
Scored by Published price transparency · 18% (Binance OTC & Execution Services 5/10)

Not assessed by this ranking: Control failure, Liveness failure, Custody failure, Regulatory failure, Exit failure, Information failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Published minimum ticket (30%).

Sidechains

How you can lose money here, and what the ranking scores

Verification failure: an invalid state or transfer is accepted.
Scored by Validator set concentration · 25% (BNB Smart Chain 4/10)
Scored by Finality and reorg behaviour · 15% (BNB Smart Chain 8/10)
Liveness failure (BNB Smart Chain 2/10): the operator stops, censors you or loses data.
Scored by Documented failure and halt record · 25%
Custody failure (BNB Smart Chain 2/10): whoever holds the assets loses or withholds them.
Scored by Bridge custody control · 35%

Not assessed by this ranking: Contract failure, Control failure, Execution failure. A high place says nothing about these; the Methodology tab says what each means.

Token Launchpads

How you can lose money here, and what the ranking scores

Regulatory failure (Binance Launchpool 3/10): no licence where you are, or a forced market exit.
Scored by Allocation rules and named exclusions · 25%
Exit failure (Binance Launchpool 5/10): you cannot get out at par, on time, or with what is yours.
Scored by Upfront sale and unlock terms · 20%
Information failure (Binance Launchpool 4/10): the number is wrong or bought, or your data leaks.
Scored by Published launch track record · 35%

Not assessed by this ranking: Contract failure, Control failure, Execution failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Published cost to participate (20%).

P2P Exchanges

How you can lose money here, and what the ranking scores

Custody failure (Binance P2P 3/10): whoever holds the assets loses or withholds them.
Scored by Who can move the coins while the trade is open · 30%
Execution failure (Binance P2P 5/10): you get a worse price, later, or nothing.
Scored by What the platform promises when the trade goes wrong · 20%
Information failure (Binance P2P 2/10): the number is wrong or bought, or your data leaks.
Scored by What identity gate stands between you and a trade · 15%

Not assessed by this ranking: Control failure, Liveness failure, Insolvency failure, Regulatory failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: What you actually pay over the market price (35%).

Layer-1 Blockchains

How you can lose money here, and what the ranking scores

Verification failure: an invalid state or transfer is accepted.
Scored by Measured deterministic finality · 25% (BNB Chain 7/10)
Scored by Validator Count and Nakamoto Coefficient · 25% (BNB Chain 2/10)
Scored by Independent Client Implementations · 20% (BNB Chain 3/10)
Liveness failure (BNB Chain 4/10): the operator stops, censors you or loses data.
Scored by Documented Downtime · 30%

Not assessed by this ranking: Control failure, Execution failure. A high place says nothing about these; the Methodology tab says what each means.

Wrapped Assets

How you can lose money here, and what the ranking scores

Custody failure (Binance-Peg BTCB 2/10): whoever holds the assets loses or withholds them.
Scored by Who can move the bitcoin · 32%
Insolvency failure (Binance-Peg BTCB 1/10): the firm or issuer that owes you cannot pay.
Scored by How tightly the reserve is actually proven · 22%
Exit failure (Binance-Peg BTCB 4/10): you cannot get out at par, on time, or with what is yours.
Scored by Who is allowed to redeem · 28%

Not assessed by this ranking: Contract failure, Control failure, Verification failure, Regulatory failure, Information failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Published dated cost (18%).

Liquid Staking

How you can lose money here, and what the ranking scores

Verification failure (Binance Staked ETH (WBETH) 1/10): an invalid state or transfer is accepted.
Scored by Operator decentralisation · 26%
Exit failure: you cannot get out at par, on time, or with what is yours.
Scored by Redemption mechanics · 28% (Binance Staked ETH (WBETH) 8/10)
Scored by Peg resilience & exit depth · 26% (Binance Staked ETH (WBETH) 2/10)

Not assessed by this ranking: Contract failure, Control failure, Insolvency failure, Regulatory failure, Execution failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Commission take-rate (20%).