CEX.IO Cryptoexchange Makes CryptoCompare Top ten
The international cryptocurrency exchange CEX.IO made it into the CryptoCompare top ten July 2020 article, with a general A quality. The CryptoCompare Exchange Benchmark rating evaluates over 165 switches across the planet on elements like adherence to regulations, platform safety measures, liquidity, resource range, senior management staff, API connectivity balance and performance, and number of bad events, while making sure the necessary transparency of crypto advantage trading.
CEX.IO, one of the world’s largest crypto switches, is actually founded in London. It has been in operation after 2013 and has more than seven years’ expertise in the digital currency niche. It currently has offices in the UK, USA, Ukraine, Gibraltar, Singapore and Cyprus. CEX.IO is actually directed at a broad market, from newbie private traders to professional financial institutions.
CEX.IO’s top score in the rating, at 12.5 points out of fifteen, was in the Security group, placing it in the third spot among all of the fighting exchanges. The assessment got into account protection certificates, two factor authentication, SSL rating, percent of cold finances usage, division of keys, along with the number of hacking attempts. In accordance with CryptoCompare’s details, in 2020 CEX.IO didn’t experience a negative event.
“The protection of our clients and their resources is actually CEX.IO’s the best priority,” comments Dmytro Volkov, the exchange’s CTO. “We use a substantial, completely thought through system of protection measures to ensure it. High-level certificates safeguard the platform from phishing, while continuous monitoring permits us to monitor both distrustful activity to the system as well as manipulations on the market and capture them in time.”
to be able to improve the degree of its of protection, CEX.IO decided to minimize the use of its of third party companies. All the primary elements and choices, including KYC and AML AML, wallet operations, server maintenance, and trading , are proprietary intellectual property, produced by the CEX.IO’s internal outstanding R&D division.
In particular, for the benefit of security warm wallets hold just the volume necessary for the exchange’s regular activities, while 95%+ of finances are actually stored in freezing storage; transactions are reliably anchored utilizing a system of multiple signatures and two factor authentication. The platform’s calculations moreover include many additional measures to protect against hacking, including a ban on withdrawals for a few days after changing very important bank account security controls, and also confirmation of important transactions through several independent stations.
In addition to safety measures, the exchange earned scores that are high in Market Quality (11.2), Team/Exchange (11.0), Data Provision (10.1), plus Legal/Regulation (9.2). The exchange team’s know-how in cryptocurrency regulation in various world countries has frequently given them a seat at the table in task forces operating on creating and developing business specifications.
“We appreciate the assessment of our work as well as the competence of ours. July was a fruitful month for us: in addition to the CryptoCompare rating, CEX.IO also made into the Coin Metrics summary of trusted exchanges” paperwork Oleksandr Lutskevych, the exchange’s founder and CEO.
The analytics platform developed by Coin Metrics can help you gather data from interchanges, evaluate genuine trends and trading volume, and also identify exaggerations in public metrics. Correctly passing independent verification by this particular wedge is actually an additional critical signal of an exchange’s dependability.