The latest official data coming from a new study reveals which crypto platforms are the safest for traders. A recent study coming from the BrokerChooser based in Malta analyzed 20 of the most popular crypto platforms in the world in order to reveal which ones are the safest for crypto traders.
The safest crypto platforms for traders
The top crypto exchange with a rating of 4.1 out of five, is Coinbase, the largest crypto exchange in the US.
BrokerChooser says Coinbase ranked as “tier 1” in most categories and highlights its emphasis on security.
“Coinbase holds an insurance policy covering clients’ digital assets that it holds and stores US dollar balances in Federal Deposit Insurance Corporation (FDIC)-insured bank accounts separately from its own funds.”
The second one on the list is FTX US Derivatives with a rating of 4.0 out of five, and options and futures marketplace owned by the FTX.US exchange, which itself placed seventh.
BrokerChooser notes the following:
“FTX US Derivatives is regulated by the Commodity Futures Trading Commission (CFTC) which sees it fall into tier 1 for the majority of the factors in our index.”
UK-Luxembourg-based Bitstamp ranked third. It has a rating of 3.8, with 98% of its assets stashed in offline cold storage.
The study revealed the fact that the exchange hasn’t faced any regulatory issues in the past five years.
Check out the original article posted by the online publication the Daily Hodl in order to learn more about the study’s results.
Crypto adoption boom
In other news, the mass crypto adoption is going great these days, despite the massive volatility in the market.
A new Bloomberg report notes that MoneyGram, teams up with the XRP challenger Stellar (XLM) in order to allow customers to send and cash out stablecoins on the XLM blockchain.
MoneyGram Chief Executive Officer Alex Holmes stated the following:
“The world of crypto and the world of fiat are not really compatible today. We’re trying to be a bridge from the crypto world to the fiat world.”
