CrossTower ranked among the top four global exchanges in

0
28

New York, NY, August 23, 2021 (GLOBE NEWSWIRE) – CrossTower, one of the world’s fastest growing crypto investment and trading companies, today announced that crypto asset data provider CryptoCompare has listed it on its August 2021 exchange AA ranking has received benchmark report. CrossTower joins crypto industry leaders CoinBase, Gemini, Kraken, Bitstamp and itBit to earn this highest ranking based on CrossTower’s strength in minimizing counterparty, operational, trading and security risks.

Kristin Boggiano, President and Co-Founder of CrossTower, said, “We are excited to have our commitment to institutional standards recognized by the world’s leading provider of digital asset data. The AA ranking is the highest possible number of points and distinguishes us from more than 152 stock exchanges. ”

The CryptoCompare Benchmark Report identifies the world’s lowest-risk spot exchanges in the industry. CryptoCompare’s ranking methodology is based on an objective analysis using a combination of qualitative and quantitative metrics to assess eight different rating categories:

  • Team / exchange
  • Quality / diversity of assets
  • Market quality
  • Penalty for negative events
  • Legal regulation
  • KYC / transaction risk
  • Data provision
  • safety

Rankings range from AA-E, with the prime AA designation reserved for the lowest risk exchanges that meet the highest standards. According to a press release from CryptoCompare, the number of exchanges rated AA-A has decreased due to stricter thresholds. Six global exchanges received an AA rating and nine global exchanges achieved AA-A status, compared to 24 in the CryptoCompare February 2021 report.

Kapil Rathi, Chief Executive Officer and Co-Founder of CrossTower, said, “Our customers are already recognizing our efforts to push the boundaries of what is possible with crypto by offering world class products and services, but also the rigorous security measures that the Future of finance. Receiving this recognition from CryptoCompare, an independent leading provider of crypto data analytics, is immensely rewarding. ”

Charles Hayter, Co-Founder and CEO of CryptoCompare, said, “CryptoCompare’s bi-annual Exchange Benchmark rates the risk associated with exchanging digital assets in eight assessment categories. Since its inception in 2019, it has become an industry standard for evaluating digital asset exchanges. I would like to congratulate CrossTower on their AA ranking, the highest achievable grade that is only given to the trading venues with the lowest risk. “

CrossTower continued to build its strength in risk management and recently announced the hiring of Jeffrey Blockinger as Chief Legal Officer and Cory Thackeray as Chief Financial Officer.

To review the report’s findings and methodology, go to Exchange Benchmark.

ABOUT CROSSTOWER

Founded in 2019, CrossTower is a multi-asset investment and trading company that enables smart money to push the boundaries of what is possible with crypto. CrossTower launched its trading platform in 2020 and launched a capital markets desk in 2021 with first-class services and products tailored to the needs of discerning traders and institutions alike, including hedge funds, family offices and other market participants. CrossTower has used its extensive experience in trading, technology, operational infrastructure, innovative pricing, regulations and compliance to bring crypto and digital assets to discerning retail clients and discerning institutional market participants and has the highest rating (AA) in the CryptoCompare latest exchange get benchmark.

More information is available at www.crosstower.com.

ABOUT CRYPTOCOMPARE

CryptoCompare is a leading global provider of digital asset data that provides institutional and private investors with real-time and historical data on 5,500+ coins and 250,000+ currency pairs. By aggregating and analyzing tick data from globally recognized exchanges and seamlessly integrating multiple data sets, CryptoCompare provides a comprehensive, granular overview of the market across trading, order book, historical, social and blockchain data.

More information is available at data.cryptocompare.com.

  • CrossTower_EB_social_asset