Use Case

Trading Firms

Protect your capital with counterparty and exchange risk ratings built for crypto trading firms.

Continuous Counterparty Risk Monitoring Without Internal Models

Building and maintaining internal counterparty risk models for crypto is costly and time-consuming. Agio provides ready-to-use 12-month default probability ratings that update as market conditions change. There are no models to build and no data pipelines to maintain. Trading teams stay focused on execution, while risk teams receive consistent, measurable counterparty risk signals. See our ratings methodology

Exchange Risk Ratings You Can Defend

Each rating is driven by nearly 20 scored variables, including on-chain reserves, operating leverage, flow volatility, and venue maturity. Trading firms can compare any exchange or custodian against publicly listed crypto companies or the broader market. When LPs, internal committees, or auditors ask why capital remains on a particular venue, decisions can be defended with data rather than intuition.

Early Warning Indicators for Exchange Failure

Counterparty deterioration often shows up on-chain before it appears in the news. Agio monitors stress signals, such as sustained outflows, reserve declines, and leverage increases across rated exchanges and custodians. Venues are continuously re-scored, and automated alerts are triggered when risk profiles change. This gives trading firms time to reduce exposure or move capital before losses materialize.

The Problem

Traditional risk models don’t work in a market as dynamic, fragmented, and opaque as digital assets.

The Solution

We continuously monitor on- and off-chain risk factors correlated with default risk.

70+ Exchanges and Custodians Rated

Reliable default probability analysis

Comprehensive Risk Models

More precise and transparent than existing solutions

80+ Financial Firms Monitored

Real-time transaction tracking

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What our clients say

“...Their risk alerts allow proactive risk mitigation, and we've recently added their Risk Simulator to model broader risk events. We highly recommend Agio Ratings for those focused on comprehensive risk management.”

Bernard Orenstein

CEO of Sharewell

"Agio Ratings' risk platform offers real-time, advanced assessments of key counterparties and has enhanced our methodology for managing portfolio..."

John Glover

Chief Investment Officer at Ledn

“Growing institutional participation is creating a greater need for credible, independent risk intelligence. Agio Ratings provides a clear, data-driven view of the probability of default for exchanges and other institutions, and their alerts deliver a valuable independent signal alongside our own monitoring.”

Alain Passini

Head of Risk at Wintermute

"We’ve long believed that institutional investments in digital assets require robust counterparty risk management. That's why we apply rigorous controls and equip our risk team with best-in-class infrastructure. Agio Ratings helps us to maintain the strong risk posture that’s required for success."

Stefano Ruggiero

COO of Abraxas Capital Management

“I highly recommend Agio Ratings' services to those seeking a trusted partner in ratings and risk assessment.”

Dr. Claire Davey

Head of Product Innovation & Emerging Risk

Manage risk professionally

Agio Ratings helps financial leaders make smarter, data-driven decisions in the evolving digital assets landscape. Protect your capital, optimize underwriting, and stay ahead of market risks.