Evaluation finds exchanges promote impulsive trading behavior through incentives and gamification tactics such as rewards, sweepstakes, and challenges

Washington, DC – Consumer Reports released a comprehensive multi-month evaluation of five major crypto exchanges: Binance.US, Coinbase, Crypto.com, Gemini, and Kraken. The analysis was conducted using CR’s Fair Digital Finance Framework, an evaluation tool for financial products and services that prioritizes consumer safety, privacy, transparency, user-centricity, inclusivity, support for financial well-being, and environmental and social governance. 

CR’s review of the five customer-facing exchanges found that while all the platforms made buying…