The international cryptocurrency exchange CEX.IO made it into the CryptoCompare top 10 July 2020 article, with an overall A class. The CryptoCompare Exchange Benchmark rating evaluates more than 165 interchanges throughout the planet on elements like adherence to polices, platform security, liquidity, asset great number, senior management staff members, API connectivity balance and effectiveness, and number of bad events, while making sure the essential transparency of crypto resource trading.
CEX.IO, one of the world’s largest crypto interchanges, is actually grounded in London. It has been in functioning since 2013 and also has over seven years’ experience in the digital currency market. It presently has offices in the UK, USA, Ukraine, Gibraltar, Singapore and Cyprus. CEX.IO is directed at a broad target audience, from 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 group, placing it in the third site with all of the fighting switches. The analysis took into account security certificates, two-factor authentication, SSL rating, percentage of cool wallet usage, distribution of keys, and the number of hacking attempts. Based on CryptoCompare’s data, in 2020 CEX.IO did not experience a single bad event.
“The security of our customers and their resources is CEX.IO’s the best priority,” reviews Dmytro Volkov, the exchange’s CTO. “We use a detailed, thoroughly thought through technique of safeguard measures to make certain it. High-level certificates safeguard the platform from phishing, while regular monitoring allows us to track each distrustful activity to the system and manipulations on the market and get them in time.”
In order to improve the degree of its of security, CEX.IO decided to minimize the use of its of third-party services. All the main ingredients & decisions, including AML and KYC Trading, server maintenance, wallet operations, and AML , are proprietary intellectual property, created by the CEX.IO’s internal outstanding R&D office.
For example, for the reason of protection scorching wallets hold just the quantity required for the exchange’s ordinary activities, while 95%+ of finances are actually kept in cool storage; transactions are reliably protected working with a method of multiple signatures and two-factor authentication. The platform’s calculations likewise include a number of extra measures to protect against hacking, including a ban on withdrawals for a few days after changing very important bank account security settings, and also confirmation of crucial transactions via several independent channels.
In addition to security and safety, the exchange earned high scores in Market Quality (11.2), Team/Exchange (11.0), Data Provision (10.1), and also Legal/Regulation (9.2). The exchange team’s knowledge in cryptocurrency regulation in various world countries has frequently provided them a hold at the kitchen table in task forces operating on developing and developing marketplace specifications.
“We value the analysis of the job of ours as well as the competence of ours. July was a fruitful month for us: on top of the CryptoCompare rating, CEX.IO also made into the Coin Metrics summary of reliable exchanges” paperwork Oleksandr Lutskevych, the exchange’s founder and CEO.
The analytics platform created by Coin Metrics means that you can gather information from switches, assess actual trends as well as trading volume, as well as determine exaggerations in public metrics. Correctly passing self reliant verification by this specific wedge is actually a further critical indicator of an exchange’s dependability.