The international cryptocurrency exchange CEX.IO entered the TOP 10 CryptoCompare at the end of July, receiving an overall rating"AND". The CryptoCompare Exchange Benchmark evaluates the performance of more than 165 exchanges around the world in terms of compliance with regulations, platform security, liquidity, asset diversity and number of negative events, providing the necessary transparency in the exchange of cryptoassets.
CEX. IO, one of the largest crypto-exchanges in the world, is based in London.The exchange operates in 2013 and has more than 7 yearsAt the moment, its offices are located in the UK, USA, Ukraine, Gibraltar and Cyprus.CEX. IO is aimed at a wide target audience: from private traders to professional financial institutions.
CEX has a top score of 12.5 points out of a possible 15. IO received in the category "Security", taking the 3rd place among the exchange-competitors.The assessment took into account the availability of security certificates and two-factor authentication, SSL rating, percentageuse of cold wallets, the distribution of keys, and the number of hacker attacks.According to data published by CryptoCompare, for a month on CEX. IO has not recorded a single negative event.
"The safety of our customers and their facilities is a top priority," commented the CTODmitry Volkov." To do this, we use a comprehensive, carefully thought-out system of protection.High-level certificates protect the platform fromfishing, and constant monitoring allowswe can track both suspicious actions in the system and market manipulation in time."
To improve the security of the CEX system.IO has decided to use third-party services to a minimum. All key components and solutions, including KYC&AML, wallets, server maintenance and trading, are created and supported by the internal R&D department.
In particular, for the sake of safety in hotOnly the amounts necessary for the normal operation of the exchange are stored in the wallet, and more than 95% of the funds are stored in cold wallets; transactions are reliably protected using a system of multiple signatures and double verification. Also, several additional levels of protection against hacking were introduced into the platform, for example, prohibiting withdrawals for several days when important account security settings were changed, as well as confirming important operations through several independent channels.
In addition to the level of security, the exchange has earnedhigh scores for market quality (11.2), professionalism and competence (11.0), data provision (10.1) and legal compliance (9.2). The expertise of the exchange representatives on the regulation of cryptocurrencies in different countries of the world made them multiple members of working groups on the formation and implementation of industry standards.
“We are grateful for the assessment of our work and ourcompetence. July was a fruitful month for us: in addition to the CryptoCompare TOP rating, CEX.IO was also included in the list of trustworthy exchanges compiled by Coin Metrics, ”notes Alexander Lutskevich, founder and CEO of the exchange.
An analytical platform developed by CoinMetrics, allows you to collect data from exchanges, assess the real dynamics and volume of trading, as well as identify exaggerations in public metrics. The successful completion of independent verification from this platform is an important indicator of the reliability of the exchange.
