Kraken, Cobinhood, and Poloniex ranked the most secure exchanges in the world

Exchanges • January 17, 2019, 11:17AM EST
UPDATED: January 17, 2019, 11:29AM EST
The Block

Independent analysts, ICORating, have ranked the security of 135 platforms trading above $100,000 in crypto per day - and the results are in. U.S.-based Kraken and Cobinhood came out on top with a solid A rating, while Poloniex came in third place with a high A-.

The report, released in December, ranked the exchanges based on four metrics: user account security, registrar and domain security, web security and DoS attack protection (Denial of Service), CoinTelegraph reported.

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Just 16% of the world's biggest crypto exchanges received A or A- security ratings overall, and not one received the top-graded A+ mark. 

Coinbase Pro was ranked ninth with an A-, but received 4 out of 4 for user security based on parameters like password security and two-factor authentication. Binance, the world’s largest exchange by volume, ranked 34th while Gemini ranked 84th.  

The report resurfaced amid the news that New Zealand crypto exchange Cryptopia had suffered a major hack earlier this week.

About Author

Isabel is The Block's London and European reporter. She previously reported for Reuters in Madrid and London, following on from her time as a freelance journalist for the Guardian and the New York Times. She has a Bachelors in War Studies from King’s College London and a Master of Philosophy from the University of Oxford. Conflict of Interest: Edward Woodford, the CEO of SeedCX, is Isabel's brother. She does not report on any issues related to Seed or advise other authors in any regard.

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