Talos Exchange Scorecard

The information herein is provided for informational purposes only. Talos Global, Inc. and its affiliates (“Talos”) does not give any representations or warranties in relation to the accuracy, validity, or completeness of the information of this material, including without limitation the factual information obtained from publicly available sources considered by Talos to be reliable at the time. Talos accepts no liability for any consequences of using the information contained in this material. Any opinions or estimates expressed herein reflect a judgment made by the author(s) as of the date of publication and are subject to change without notice. Neither this material nor any copy thereof may be taken, reproduced, or redistributed, directly or indirectly, without Talos’s prior written permission. Certain projects referenced in this material may pay Talos for research coverage, data services, or related analytical products. Any such commercial arrangements do not constitute an endorsement, recommendation, or solicitation by Talos. Talos does not receive compensation tied to the inclusion, ranking, or discussion of any asset or organization in this publication.

This information does not constitute an offer to buy or sell, or a promotion or recommendation of, any digital asset, security, derivative, commodity, financial instrument, or product or trading strategy. This information is not intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

The Regulatory Compliance category reflects Talos's assessment of each exchange's licensing status, registrations, and regulatory history based on publicly available information, including regulatory filings, enforcement actions, license registries, and disclosures made by the exchanges themselves or by relevant authorities, as of the date of publication. Talos does not independently verify the accuracy or completeness of any regulatory claim made by an exchange or third party, and scores may not reflect regulatory developments, actions, or license changes that occur after the applicable review period or that are not publicly disclosed.

This category does not constitute a legal opinion or determination as to whether any exchange is operating in compliance with applicable law in any jurisdiction, and should not be relied upon as such. It does not assess suitability, adequacy, or legality of any exchange's operations for any particular user or jurisdiction, nor does it consider every regulatory regime, jurisdiction, or license type that may apply to a given exchange. Absence of a noted regulatory issue does not imply regulatory approval or endorsement by Talos or any authority.

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