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.
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.