ICORating to Update Exchange Security Report

Experts evaluated many parameters including user account security
18 January 2019   816

ICORating analysts have estimated the security level of 135 cryptocurrency trading platforms with a daily volume of more than $ 100,000. Kraken and Cobinhood ranked first and second, respectively, receiving a rating of A. Three of the leaders were closed by the Poloniex exchange with an A- rating.

Note that the experts investigated the following key aspects: user account security, domain security, DoS attack resistance and web security.

It is noteworthy that only 16% of the world's largest stock exchanges were rated A and A-, and none of them won A +.

Coinbase Pro ranked ninth, Binance 34th, and Gemini 84th.

Recall that at the beginning of this week, information appeared about hacking into the New Zealand trading platform Cryptopia.[

Kraken to Acquired Bit Trade

Bit Trade is the oldest Australian exchange, so, thanks to the deal, Kraken expects to strengthen its presence in the Asia-Pacific region
15 January 2020   105

The American bitcoin exchange Kraken announced the acquisition of the Australian Bit Trade crypto-trading platform, founded in 2013.

Thanks to the deal, Kraken expects to strengthen its presence in the Asia-Pacific region and become the largest cryptocurrency service in Australia. Last month, the exchange acquired an OTC platform of Circle.

Kraken also believes that the acquisition will strengthen its position in the field of over-the-counter cryptocurrency trading. 

Kraken intends to offer institutional and retail customers a single interface across multiple trading platforms.

In the short term, Bit Trade will continue under its current brand and operate business as usual.  As part of the acquisition we are pleased to welcome the Bit Trade team led by Jonathon Miller who will be Managing Director for Kraken in Australia.


The representative of the exchange said that in the short term, Bit Trade will continue to work under its brand.