Deloitte auditors certify Crypto.com as the safest crypto exchange in the world – Cro rate goes through the roof
The crypto exchange Crypto.com has now been certified by the global consulting and auditing company Deloitte as the most secure crypto platform in the world. The Singapore-based crypto trading and investment platform passed the internationally recognized “Service Organization Control 2 Audit” – “SOC 2” for short – in a historic premiere. This means that Crypto.com’s information security practices, policies, procedures and procedures meet or exceed SOC 2 standards for security, availability, confidentiality and data protection.
As a sign of SOC 2 conformity, Crypto.com has ensured that its guidelines and procedures comply with the “AICPA Trust Services Criteria”. As part of the SOC 2 audit, the existence of internal controls was also checked in order to validate the security measures of the exchange.
The SOC 2 certification
SOC-2 certification is common practice in the traditional financial industry. Crypto.com took this step to secure its position in a highly regulated financial industry. The exchange can now boast of having several certifications, namely: ISO27001, ISO27701 and PCI: DSS (level 1). The National Institute of Standards and Technology (NIST) classified the platform as “Adaptive (Tier 4)”; this is the highest level possible under the US Department of Commerce’s cybersecurity framework.
Crypto.com was founded in 2016 and, in addition to an impressive insurance policy, has more than 10 million customers. The $ 750 million insurance policy is the largest in the industry to date. In addition to trading in digital assets, other products include a DeFi wallet, an NFT platform and a Visa card.
With its most recent certification, the exchange is now promoting its efforts to defy the “constantly evolving threats” in the financial sector. Kris Marszalek, Co-Founder and CEO of Crypto.com, said ;
“I’m very proud of our SOC-2 compliance and our commitment to security, privacy, and regulatory compliance, which have been cornerstones of our business from day one.”
Crypto.com (CRO) course on the way up
Contrary to the recent downtrend in the crypto market, Crypto.com’s own currency CRO gained 115.3% over the past week. Our data at press time shows that CRO is trading at $ 0.8984, up 20% today alone. CRO now ranks twelfth by market capitalization, a position previously held by meme coin Shiba Inu (SHIB). Today’s surge in CRO is a continuation of the strong momentum from the previous week. Crypto.com is just one crypto exchange among many others of its kind, but now it has secured an important unique selling point.
On November 17th, Crypto.com signed the largest naming rights contract in history, valued at $ 700 million. The company’s name will now appear on the Staples Center in Los Angeles – home of the NBA Lakers – for the next two decades. Investors see this high profile move as a big upside indicator, which is why CRO price soared last week. Now he has ignited the afterburner.