Hacken has launched a new website for rating cryptocurrency exchanges, named Crypto Exchange Ranks (CER). Users will be able to compare exchanges, especially ratings for liquidity, compliance, reliability and security.
Anton Kaminsky, Business Development Director of Crypto Exchange Ranks, said that the goal was “to create a sophisticated tool for crypto exchange rankings, to save time and effort for all market participants”.
The site, which will be free at launch before later introducing a subscription model, scans the order book of each exchange in real time to calculate its size, enables users to compare prices for coins on up to five exchanges, to view aggregated volumes and to check the balances of the platforms’ hot and cold wallets.
Dmitriy Budorin, CEO of Hacken is quoted: “Cryptocurrency exchanges are the backbone of the whole emerging crypto economy. CER will contribute to its healthier development. We hope that with CER, the exchanges will start taking their cybersecurity more seriously and refuse any bad practices, while users will receive comprehensive tools for smart decision making”.