According to the latest Exchange Security Report conducted by the ICORating analysts, 16% of all the major crypto exchanges in the world got rated with A or A- but surprisingly enough neither of them got rated A+. Let’s find out why in the latest blockchain news below.
The report shows that Kraken and Robinhood were rated A, and Poloniex was rated A- as top three most secure trading platforms worldwide.
More than 135 crypto trading platforms were assessed which their daily trade value exceeds $100,000. They were rated for registrar and domain security, web security, DoS attack protection, and user account security.
More than 50 percent of the exchanges got rated with B+ or B- and the remaining with C- or C+. There was not a single exchange that got A+.
All of the categories were divided into sub-categories for more transparency. For example, for the user security category, password security and two-factor authentication were assessed where only 22 percent met all the criteria.
For domain and registrar security, the sub-categories consisted of six-month expiration window for the high-profile domains and only 3 percent satisfied the criteria.
All of the exchanges turned out to be protected from MITM attacks and Heartbleed attacks and 37 percent of the exchanges were found to be using HSTS header.
ICORating’s data shows that Coinbase PRO has A- rating on number nine, BitMEX on the fourth position with A- and HitBTC ranking 13th with A-.
On the other hand, Binance which is the world’s largest exchange by daily trade volumes was ranked 34th with B+ and Gemini was ranked 84th with B-.
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