Leading cybersecurity firm Group-IB conducted research in which graded the security level of most popular cryptocurrency exchanges, according to the report of tech news media the Next Web.
As it was stated by Group-IB research, the first place by security level takes U.S. based Kraken platform which is followed by Bittrex and Coinbase Pro on the second and third places. The last cryptocurrency exchanges on the list with are OKEx, Huobi Pro and CoinCheck
Group-IB made its determinations with a newly developed assessment system that calculates insurance premiums to cover cryptocurrencies held by major exchanges.
The risk assessment for crypto exchanges takes into account factors such as technical security levels, the reliability of basic storage, passwords, as well as clients’ personal data. The framework also considers risk management, as well as Know Your Customer (KYC) and Anti-Money Laundering (AML) policies.
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