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CryptoCom Becomes First Crypto Exchange to Comply With SOC 2 Standards
Singapore-based CryptoCom announced that it’s SOC 2 certified thanks to an audit by global consulting firm Deloitte. This makes it the first cryptocurrency exchange to achieve this internationally recognized standard in traditional finance.The Most Secure Crypto Exchange, Certified by Deloitte
As per a recent press release, Crypto.com has successfully completed the SOC 2 (Service Organization Control) audit – a common standard in traditional finance that attests to the trustworthiness of a company’s information practices, policies, and operations.
Security First: The world’s most secure crypto platform is now even more secure.
— Crypto.com (@cryptocom) November 23, 2021
This means that Crypto.com has been certified as the most secure crypto trading platform in existence, and the first crypto exchange to pass the SOC 2 standards. Behind the audit is Deloitte, an international firm that provides audits, consulting, tax, and advisory services to worldwide brands.
The firm said that meeting SOC 2 standards reaffirmed its commitment to data privacy and security, and it will continue to invest in enhancing its platform to provide the highest standards in the industry.
CRO Gaining Ground Following New Deals and Partnerships
“I am extremely proud of our SOC 2 compliance and shows our commitment to security, privacy, and regulatory compliance which have been cornerstones of our business since day one,” said Kris Marszalek, Co-Founder and CEO of Crypto.com.
The firm has been continuously forging new partnerships this year. As CryptoPotato reported, the Staples Center – the home of the basketball team LA Lakers – will be renamed to Crypto.Com Arena due to a 20-year naming rights agreement worth $700 million. The transition will occur on Christmas Day during a hosted game where the spotlight will focus directly on the Crypto.com brand.
CRO, the exchange’s native token, has surged to incredible heights in the last three months, with gains of over 430%. The token is now traded at $0.85, with a market cap of over $21 billion, following a 7-days surge of 103.98%. After hitting an all-time high, Crypto.com launched an OTC (Over-the-counter) portal to seamlessly allow institutional and VIP clients to make large trades.
The publicly-listed crypto-asset exchange Coinbase has announced the company has acquired the Israeli firm Unbound Security. The announcement follows Coinbase acquiring the cryptocurrency wallet BRD last week and the Unbound acquisition is aimed at the company’s “commitment to providing the safest, most secure, and most trusted venue for anyone to interact with the [crypto economy].” What do you think about Coinbase acquiring Unbound Security and the acquisition of BRD last week? Let us know what you think about this subject in the comments section below. Disclaimer
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