Kraken tops Exchanges for Security

ICO Rating’s Exchange Security Report v2.0 is now out, providing an updated list of cryptocurrency exchanges ranked by security. The updated report includes additional security checks not known to them on initial release. Exchanges are scored based on:

  • User Security
  • Domain & Registrar Security
  • Web Security
  • DoS Protection

Top on the list is Kraken although other popular exchanges scored poorly in various areas.

Read the full report from ICO Rating.

Exchange Security Report v2.0: Top Exchanges

Of concern, the worst performers were lacking in all four of the security categories.

Exchange Security Report v2.0: Worst Exchanges

Similar to the first report, this one highlights a general lack of security across the field:

Only 16% of exchanges fall into the A category. None of the exchanges have received an A+ rating.

Exchange Security Report v2.0

One hopes that through regular monitoring and public reporting, under-performing exchanges improve their security measures.

Leave a Reply

Your e-mail address will not be published. Required fields are marked *

Disclaimer: Investing in cryptocurrencies involves risk and should be based on advice from qualified financial professionals. You can incur substantial losses: consider whether this is in line with your investment objectives and circumstances. Posts are based on the authors' opinion and accurate to the best of our knowledge. Our posts are not independent/financial/investment advice, nor endorsements of any product/asset/service. We try to maintain the accuracy of our information however we rely on external data which may include errors. We are not liable under any circumstances for loss or damage as a result of using our information or services.