Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
Crypto.com securing the SOC 2 certification shows that the trading platform follows all compliance policies for user security and privacy suitable as per regulatory standards.
In a major milestone, crypto trading platform Crypto.com has successfully completed the Service Organization Control (SOC) 2 Audit conducted by consulting giant Deloitte. This is another feather to the cap of Crypto.com which has witnessed strong growth since its inception in 2016.
Over the last five years, Crypto.com has emerged as the fastest-growing crypto app and now serves 10 million customers. The latest SOC 2 certification affirms that the exchange’s information security policies, practices, operations, and procedures meet the required standards.
To comply with these standards, Crypto.com showed that it has established rigorous policies in accordance with the AICPA Trust Services Criteria. Besides, SOC 2 also verifies the existence of internal controls of the exchange to know whether it follows best standards and practices.
The SOC 2 certification has also been a common standard in the traditional financial industry. Securing this certification will also Crypto.com to bring digital assets to the mainstream. Speaking of this development, Jason Lau, Chief Information Security Officer of Crypto.com said:
“Achieving SOC 2 certification is yet another step in reinforcing Crypto.com’s continuous commitment to security and data privacy by design; by default with an overall Zero-Trust Security architecture. With the ever-evolving threats, we will continue to ensure we maintain the highest level of security and data privacy so our customers can feel confident and trust our products. SOC 2 is an internationally respected security assessment criteria, and in”.
Kris Marszalek, Co-Founder and CEO of Crypto.com also added that the SOC 2 compliance shows the exchange’s commitment to security, privacy, and regulatory compliance.
Crypto.com (CRO) Shoots 100% in a Week
Crypto.com’s native cryptocurrency CRO has witnessed a major price surge gaining more than 100% on the weekly chart. The digital asset has also surged a staggering 350% over the last month. This comes despite the broader crypto market has been moving sideways. Earlier today, CRO touched an all-time high of $0.91 with its market cap soaring to $22.7 billion. As a result, CRO is among the top-fifteen cryptocurrencies by market cap.
The latest price rally in CRO comes as Crypto.com replaces Staples as the official sponsor of downtown Los Angeles’ iconic arena. Anschutz Entertainment Group owns and operates this entire arena. The venue will also unveil its new name on Christmas Day next month during a match of Los Angeles Lakers.
Kris Marszalek, Crypto.com’s chief executive officer said: “If I had to pick one place to have naming rights, it would be Staples Center. This is in line with our ambition to be a top brand in the coming years, next to Nike and Apple.”
Crypto.com is also running the world’s most popular card program in partnership with Visa Inc (NYSE: V). The Crypto.com Visa Card seeks to bridge the gap between the traditional and the crypto world.