Hello Hive,
We are proud to announce that we have just updated our Trust Score to incorporate Hacken’s CyberSecurity Score!
“With Hacken’s expert help in evaluating exchanges’ cybersecurity practices, we aim to bring awareness on the urgent need to improve cybersecurity and protect user funds through the abolition of unsafe cybersecurity practices,” said TM Lee, our Co-Founder.
In May 2019, we launched our Trust Score and became the first major crypto data aggregator to have a comprehensive exchange ranking methodology beyond just trading volume.
Building on the success of its two earlier iterations, our partnership with Hacken is another step forward in improving transparency in the crypto space.
Trust Score Weightage with CyberSecurity:
With the introduction of Cybersecurity, Trust Score is now evaluated based on Liquidity, CyberSecurity, API coverage & Scale metrics on a scale of 0 – 10.
Liquidity (5 of 10) – Exchanges are one of the liquidity hubs of the crypto ecosystem, moving billions of US dollars equivalent in user funds on a daily basis worldwide. Having actual liquidity remains as one of the most important criterias of evaluation.
CyberSecurity (2 out of 10) – Tying in with the fact that crypto exchanges have substantial monetary holdings, their ability to maintain a secure operational environment then becomes a very important evaluation criteria.
API Coverage (2 out of 10) – API measures technical coverage, as well as data availability which are also important factors to consider for transparency purposes throughout the evaluation process.
Scale (1 out of 10) – Scale is a statistical analysis that measures and compares the trading volume & order book depth of among exchanges.
You can read more about it here.
Wow, it's a cool update. Thanks Coingecko for providing 100% real information.
This is very good news! Sure, an exchange can have the highest volume, but can it stand a Ddos?
Having more info for research before committing funds is exactly what crypto needs right now.
Very cool update and much needed with all that's been going on its hard to keep track of who has been hacked or forked or frozen especially with these smart contract dapps or chains! Well done team, you're really taking opening up crypto data to the average user to new heights
Very good update thanks! Having somewhere to keep an eye on this is awesome. Having that place also be the team at coin gecko is even better! Keep up the great work!
Thanks Coingeko. I follow and I read you.