The international cryptocurrency exchange CEX.IO made it within the CryptoCompare top ten July 2020 report, with a general A grade. The CryptoCompare Exchange Benchmark rating evaluates over 165 exchanges around the planet on factors like adherence to regulations, wedge security, liquidity, advantage diversity, senior management staff members, API connectivity stability and overall performance, and number of bad events, while making sure the necessary transparency of crypto advantage trading.
CEX.IO, 1 of the world’s premier crypto exchanges, is actually based in London. It’s been in operating after 2013 and also has over seven years’ knowledge of the digital currency niche. It presently has offices in the UK, USA, Ukraine, Gibraltar, Singapore and Cyprus. CEX.IO is aimed at a wide market, out of novice 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, applying it in the third site among all of the fighting exchanges. The examination took into account protection certificates, two-factor authentication, SSL rating, percent of cold finances usage, distribution of keys, as well as the selection of hacking tries. In accordance with CryptoCompare’s details, in 2020 CEX.IO did not encounter a bad event.
“The protection of our clients and the resources of theirs is CEX.IO’s leading priority,” reviews Dmytro Volkov, the exchange’s CTO. “We use a detailed, extensively thought through method of shield actions to ensure it. High-level certificates guard the wedge from phishing, while regular monitoring allows us to track each distrustful activity within the ca as well as manipulations on the market and get them in time.”
In order to boost the degree of its of safety measures, CEX.IO decided to reduce the use of its of third party companies. Each of the crucial elements & actions, including AML and KYC Trading, server maintenance, wallet operations, and AML , are actually proprietary intellectual property, designed by the CEX.IO’s internal excellent R&D unit.
In particular, for the sake of protection hot wallets hold merely the volume necessary for the exchange’s ordinary operations, while 95%+ of funds are kept in cool storage; transactions are reliably protected working with a system of many signatures as well as two factor authentication. The platform’s operations moreover have many additional measures to defend from hacking, including a ban on withdrawals for several days after changing important account security options, as well as confirmation of vital transactions through several impartial stations.
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 Legal/Regulation (9.2). The exchange team’s know-how in cryptocurrency regulation in a variety of world nations has regularly granted them an accommodate at the family table in task forces functioning on developing as well as using marketplace specifications.
“We value the evaluation of our work as well as the competence of ours. July was a fruitful month for us: besides the CryptoCompare rating, CEX.IO also made into the Coin Metrics list of reliable exchanges” paperwork Oleksandr Lutskevych, the exchange’s founder and CEO.
The analytics platform developed by Coin Metrics means that you can collect data from exchanges, evaluate actual trends as well as trading volume, as well as identify exaggerations in public metrics. Successfully passing independent verification by this specific platform is an additional important indicator of an exchange’s dependability.