Kaiko Cryptoasset Ranking.

Our cryptoasset ranking provides a quarterly ranking of leading cryptoassets within the Kaiko Indices Investible Universe. Each asset is assessed across six criteria, all equally weighted, ensuring transparent, like‑for‑like comparisons.

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Rulebook

Our cryptoasset Ranking Criteria

We comprehensively evaluate each cryptoasset every quarter based on six fundamental dimensions. The resulting Kaiko Asset Score™ and Kaiko Asset Rating™ serve as standardized benchmarks for institutional investors, compliance teams, and risk managers seeking objective measures of asset quality and market establishment.

Our ranking addresses critical institutional requirements by quantifying an asset’s tradability, accessibility, and operational reliability. Assets demonstrating strong trading activity, deep liquidity, broad market presence, and institutional infrastructure support receive higher scores, reflecting their suitability for regulated portfolios and professional trading operations. Overall, this methodology prioritizes metrics that directly impact execution quality, operational risk, and regulatory compliance.

Volume Score 
This score captures an asset’s overall trading activity and market participation across cryptocurrency exchanges. It combines three key dimensions: trading level, growth trend, and market concentration. The assessment rewards assets that demonstrate strong, growing, and well-distributed trading activity, reflecting both liquidity and market resilience. Assets with high trading volumes, positive growth momentum, and diversified exchange presence receive higher scores, indicating robust market demand and reduced vulnerability to single-venue disruptions.

Liquidity Score 
This score measures the overall tradability of an asset across exchanges. It takes into account both market depth and spreads, reflecting how easily and efficiently an asset can be bought or sold without causing significant price movement. Assets with deeper order books and tighter spreads receive higher scores, demonstrating superior execution quality and reduced trading costs. This score directly addresses institutional requirements for efficient position entry and exit, minimizing market impact and slippage.

Market Availability Score 
This score measures how accessible and established an asset is across global markets. It considers availability in major fiat pairs, the quality of exchange listings, and inclusion in derivatives and regulated financial products such as ETFs. Assets that are broadly listed, actively traded, and featured in regulated or institutional products demonstrate stronger accessibility, market recognition, and maturity, earning higher scores. This dimension directly addresses institutional requirements for operational integration, regulatory compliance, and market access diversity.

Maturity Score 
This score measures how long an asset has been actively traded on key spot centralized or decentralized markets. It reflects the asset’s track record and level of establishment within the market. Older assets with a longer trading history are considered more mature and reliable, earning higher scores, while newer assets with limited trading history receive lower scores.

Custodians Availability Score 
This score measures how many institutional custodians support a given asset. A higher number of custodians indicates broader institutional adoption, easier integration into regulated portfolios, and stronger operational reliability. Assets supported by multiple custodians earn higher scores.

Market Capitalization Score 
This measures the overall size and market value of an asset based on its circulating supply and price. Market capitalization serves as a fundamental indicator of an asset’s scale, market significance, and liquidity potential.

You can see a full in-depth breakdown of our review criteria in our comprehensive methodology, available here.   

Why institutional financial professionals trust our Exchange Ranking

Since 2014, Kaiko has been the trusted data foundation for digital asset markets, delivering institutional-grade market intelligence across centralized and decentralized platforms alongside industry-leading crypto research. Kaiko powers mission-critical infrastructure for industry leaders including Société Générale, Fidelity, CBOE Digital, Bitstamp, and major financial regulators.

With over a decade of continuously collected historical data, global operations spanning four continents, and the unique capability to bridge traditional financial infrastructure with blockchain networks, Kaiko serves as the definitive source of record for institutions building the future of digital finance. When accuracy, accountability, and trust are the priority, institutional market participants turn to Kaiko.

FAQ

What is the Kaiko Cryptoasset Ranking? 

How is Kaiko’s Cryptoasset Ranking different from alternatives?

Who uses the Kaiko Cryptoasset Ranking?

How often is the Kaiko Cryptoasset Ranking updated? 

The Kaiko Cryptoasset Ranking is updated quarterly in January, April, July, and October, with scores becoming effective on the first business day of each publication month and data collection cut-off on the last day of the preceding month.