The international cryptocurrency exchange CEX.IO made it within the CryptoCompare top 10 July 2020 article, with a general A quality. The CryptoCompare Exchange Benchmark rating evaluates over 165 interchanges throughout the planet on elements as adherence to polices, platform security and safety, liquidity, advantage diversity, senior management staff, API connectivity balance and performance, and quantity of bad events, while making sure the essential transparency in crypto asset trading.
CEX.IO, one of the world’s premier crypto switches, is actually grounded in London. It has been in operation since 2013 as well as has more than 7 years’ knowledge in the digital currency niche. It presently has offices in the UK, USA, Ukraine, Gibraltar, Singapore and Cyprus. CEX.IO is actually directed at a broad target audience, out of newbie private traders to professional financial institutions.
CEX.IO’s top score in the rating, from 12.5 points out of 15, was in the Security group, applying it in the third site with all the fighting interchanges. The assessment got into account security certificates, two-factor authentication, SSL rating, percent of freezing wallet use, distribution of keys, along with the selection of hacking tries. Based on CryptoCompare’s data, in 2020 CEX.IO didn’t encounter a single negative event.
“The safety of our buyers and their finances is CEX.IO’s leading priority,” reviews Dmytro Volkov, the exchange’s CTO. “We use a comprehensive, thoroughly thought-through technique of protection measures to make sure it. High-level certificates safeguard the platform against phishing, while continuous monitoring permits us to monitor both of the distrustful activity to the ca and manipulations on the marketplace and catch them in time.”
In order to increase the amount of its of protection, CEX.IO resolved to reduce its use of third party services. Each of the key elements & choices, including KYC and AML Trading, server maintenance, wallet operations, and AML , are actually proprietary intellectual property, created by the CEX.IO’s inner fantastic R&D unit.
In particular, for the sake of protection warm wallets hold only the quantity needed for the exchange’s regular operations, while 95%+ of finances are actually stored in cool storage; transactions are reliably anchored working with a strategy of many signatures as well as two-factor authentication. The platform’s functions moreover include a number of extra steps to protect against hacking, including a ban on withdrawals for several days after changing important bank account security settings, as well as confirmation of crucial 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 also Legal/Regulation (9.2). The exchange team’s knowledge in cryptocurrency regulation in various world nations has frequently provided them a hold at the family table in task forces working on developing and implementing industry specifications.
“We love the analysis of our work as well as our competence. 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” notes Oleksandr Lutskevych, the exchange’s founder and CEO.
The analytics platform put together by Coin Metrics can help you gather details from exchanges, evaluate actual trends as well as trading volume, and pinpoint exaggerations in public metrics. Systematically passing impartial verification by this specific platform is actually an additional critical indicator of an exchange’s dependability.