The international cryptocurrency exchange CEX.IO made it within 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 aspects as adherence to polices, platform security and safety, liquidity, asset great number, senior management staff, API connectivity balance and overall performance, and number of bad events, while making sure the essential transparency of crypto advantage trading.
CEX.IO, one of the world’s largest crypto interchanges, is actually grounded in London. It has been in functioning after 2013 and also has over seven years’ experience in the digital currency niche. It currently has offices in the UK, USA, Ukraine, Gibraltar, Singapore and Cyprus. CEX.IO is aimed at a wide target audience, out of novice private traders to specialized financial institutions.
CEX.IO’s top score in the rating, at 12.5 points out of fifteen, was in the Security category, applying it in the third site with all of the fighting switches. The evaluation procured into account security certificates, two-factor authentication, SSL rating, percent of cold wallet use, distribution of keys, along with the number of hacking attempts. According to CryptoCompare’s information, in 2020 CEX.IO didn’t experience a bad event.
“The protection of the customers of ours and the resources of theirs is actually CEX.IO’s leading priority,” reviews Dmytro Volkov, the exchange’s CTO. “We use a comprehensive, completely thought-through system of protection steps to make sure it. High-level certificates protect the wedge from phishing, while regular monitoring allows us to monitor both of the suspicious activity within the system and manipulations on the marketplace and capture them in time.”
to be able to increase the level of its of safety measures, CEX.IO resolved to reduce its use of third party providers. All the main ingredients & choices, including KYC and AML Trading, server maintenance, wallet operations, and AML , are proprietary intellectual property, produced by the CEX.IO’s internal outstanding R&D office.
Particularly, for the reason of safety measures warm wallets hold only the quantity needed for the exchange’s regular operations, while 95%+ of funds are held in cool storage; transactions are reliably protected working with a system of several signatures as well as two-factor authentication. The platform’s functions also feature many additional steps to protect from hacking, including a ban on withdrawals for several days after changing very important bank account security controls, as well as confirmation of crucial transactions via multiple impartial stations.
In addition to security, the exchange earned scores that are big in Market Quality (11.2), Team/Exchange (11.0), Data Provision (10.1), and also Legal/Regulation (9.2). The exchange team’s expertise in cryptocurrency regulation in different world countries has regularly provided them an accommodate at the table in task forces working on developing and implementing business standards.
“We love this evaluation of our employment as well as our competence. 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” notes Oleksandr Lutskevych, the exchange’s founder and CEO.
The analytics platform put together by Coin Metrics makes it possible to gather information from interchanges, evaluate actual trends as well as trading volume, and determine exaggerations in public metrics. Successfully passing self reliant verification by this specific wedge is a further important indication of an exchange’s dependability.