CrossTower ranked among the top four world stock exchanges in

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

Kristin Boggiano, President and Co-Founder of CrossTower, said: “We are delighted that our commitment to institutional standards is recognized by the global leader in digital asset data. AA rank is the highest possible score, which sets us apart from over 152 exchanges reviewed. ”

The CryptoCompare Benchmark Report identifies the least risky global spot exchanges in the industry. CryptoCompare’s ranking methodology is based on objective analysis using a combination of qualitative and quantitative metrics to rate eight different rating categories:

  • Team / Exchange
  • Quality / Diversity of assets
  • Market quality
  • Penalty for negative events
  • Legal / Regulation
  • KYC / Transaction risk
  • Data provision
  • Security

Ratings range from AA to E, with the top AA designation reserved for the less risky exchanges that adhere to the highest standards. According to a press announcement from CryptoCompare, the number of exchanges to be categorized as AA-A has decreased due to more stringent threshold requirements. Six global exchanges received an AA rating and nine global exchanges achieved AA-A status compared to 24 in CryptoCompare’s February 2021 report.

Kapil Rathi, CEO and Co-Founder of CrossTower said: “Our customers already recognize our efforts to push the boundaries of what is possible with crypto by offering the best products and services, but also rigorous guarantees that usher in the future. of finance. Receiving this recognition from CryptoCompare, an independent leader in crypto data analysis, is extremely gratifying. ”

Charles Hayter, Co-Founder and CEO of CryptoCompare, said, “CryptoCompare’s Semi-Annual Exchange Benchmark assesses the risk associated with trading digital assets across eight rating categories. Since its inception in 2019, it has become an industry standard for valuing digital asset exchanges. I would like to congratulate CrossTower on its AA rating, the highest possible rating that is given exclusively to the least risky trading platforms. “

CrossTower continued to expand its risk management team, recently announcing the hires of Jeffrey Blockinger as General Counsel 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 empowers smart money to push the boundaries of what is possible with crypto. CrossTower launched its trading platform in 2020, and in 2021 introduced a capital markets office with top-notch services and products tailored to the needs of demanding traders and institutions, including hedge funds, family offices and other market players. CrossTower has leveraged its vast experience in trading, technology, operational infrastructure, innovative pricing, regulation and compliance to make crypto and digital assets accessible to discerning retailers and sophisticated institutional market participants and a received the highest ranking (AA) from CryptoCompare in the last exchange. Reference.

For more information, visit www.crosstower.com.

ABOUT CRYPTOCOMPARE

CryptoCompare is a global leader in digital asset data providing institutional and retail investors with real-time and historical data spanning over 5,500 coins and 250,000 currency pairs. By aggregating and analyzing quote data from globally recognized exchanges and seamlessly integrating multiple data sets, CryptoCompare provides a comprehensive and granular overview of the market through trade data, order book, historical data , social and blockchain.

For more information, visit data.cryptocompare.com.

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