The international cryptocurrency exchange CEX.IO made it into the CryptoCompare top 10 July 2020 article, with an overall A quality. The CryptoCompare Exchange Benchmark rating evaluates over 165 exchanges around the planet on aspects as adherence to regulations, wedge security and safety, liquidity, advantage range, senior management team, API connectivity balance and effectiveness, and quantity of unwanted events, while making sure the necessary transparency in crypto resource trading.
CEX.IO, 1 of the world’s premier crypto exchanges, is grounded in London. It’s been in operating after 2013 as well as has over seven years’ expertise of the digital currency niche. It currently has offices in the UK, USA, Ukraine, Gibraltar, Singapore and Cyprus. CEX.IO is directed at a wide market, from newbie private traders to professional financial institutions.
CEX.IO’s highest score in the rating, from 12.5 points out of fifteen, was in the Security group, putting it in the third spot with all of the competing switches. The evaluation got into account protection certificates, two-factor authentication, SSL rating, percent of cold wallet consumption, distribution of keys, as well as the selection of hacking attempts. Based on CryptoCompare’s data, in 2020 CEX.IO didn’t encounter a single bad event.
“The protection of the buyers of ours as well as the money of theirs is actually CEX.IO’s the best priority,” reviews Dmytro Volkov, the exchange’s CTO. “We use a substantial, extensively thought through system of safeguard steps to ensure it. High-level certificates guard the platform against phishing, while regular monitoring permits us to track both suspicious activity within the system and manipulations on the marketplace and capture them in time.”
To improve the amount of its of security, CEX.IO determined to reduce the usage of its of third-party services. All the crucial ingredients & choices, including AML and KYC Trading, server maintenance, wallet operations, and AML , are proprietary intellectual property, designed by the CEX.IO’s internal excellent R&D office.
In particular, for the benefit of security warm wallets hold just the volume necessary for the exchange’s ordinary operations, while 95%+ of financial resources are actually kept in cool storage; transactions are reliably protected working with a strategy of several signatures as well as two-factor authentication. The platform’s calculations moreover feature many additional measures to protect against hacking, including a ban on withdrawals for several days after changing important account security settings, as well as confirmation of important transactions through several impartial stations.
In addition to security and safety, the exchange earned big scores 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 different world countries has frequently granted them a seat at the kitchen table in task forces functioning on developing and using business standards.
“We love the assessment of the employment of ours as well as our competence. July was a fruitful month for us: besides the CryptoCompare rating, CEX.IO also made into the Coin Metrics listing of trusted exchanges” notes Oleksandr Lutskevych, the exchange’s founder and CEO.
The analytics platform created by Coin Metrics means that you can gather details from exchanges, assess actual trends as well as trading volume, and also determine exaggerations in public metrics. Successfully passing impartial verification by this particular platform is actually an additional critical indication of an exchange’s dependability.