CoinGecko Adds Crypto Exchanges' Cybersecurity Ratings to Trust Score

CoinGecko Adds Crypto Exchanges’ Cybersecurity Ratings to Trust Score

Crypto data platform CoinGecko has partnered with cybersecurity firm Hacken to incorporate the security of crypto exchanges into its Trust Score metric.

Cryptocurrency market data aggregator CoinGecko has updated its Trust Score algorithm to consider the cybersecurity standards of the more than 400 cryptocurrency exchanges listed on its platform.

From July 1, 20% of CoinGecko’s Trust Score will be determined according to a cybersecurity rating provided by security technology company Hacken. 

According to an announcement, the algorithm update will provide “a more holistic overview of cryptocurrency exchanges.”

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Speaking to Cointelegraph, CoinGecko co-founder and COO Bobby Ong stated that the firm has “wanted to work closely with a cybersecurity company to incorporate exchanges’ cybersecurity score since [introducing] Trust Score in May 2019,” but that CoinGecko “did not manage to find any suitable partner to help us with this endeavor until now.”

CoinGecko scores exchanges on security

Hacken’s cybersecurity score seeks to measure “the ability of an exchange to maintain a secure operating environment for

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