Crypto Exchange Ranks (CER), which among others offers a rating system for crypto exchanges, assessed the current cybersecurity conditions of the top 100 crypto exchanges — aiming to share with the crypto community which ones are safe for using.
CER ranked the top 100 crypto exchanges in terms of server security, user security and ongoing crowdsourced security assessment — and the data was taken on January 1st, 2019. Only nine exchanges scored more than 8/10 in the assessment.
On the podium: Kraken (9/10), Coinbase Pro (8/10) and Binance (8/10) — and at the opposite end: Bithumb (4/10), Coincheck (4/10) and Zaif (4/10), crypto exchanges troubled by hacking attacks last year. The full ranking can be found here.
Why it is important
- Cybersecurity is crucial for the development of the crypto industry. An effective cybersecurity system reduces the risk of cyber-attacks and protects traders from theft. While a fair number of exchanges comply with security measures, many do not make it a priority.
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