CoinGecko expands collaboration with CER.live security rating
CoinGecko, one of the earliest crypto data aggregators, has integrated the security score data from the CER.live rating. The trust assessments given to crypto projects will be integrated into their pages on CoinGecko website to draw users’ attention to the importance of security.
CER.live, a cybersecurity ranking and certification platform, says its rating is designed for both individual investors and corporate players. Before interacting with any crypto project, the stakeholders will clearly see whether they partner with a reliable player.
As such, the rating will help prevent the flow of assets to unsecured projects. In addition, those projects that do not meet minimum security standards will be forced to decide between investing in security or exiting the market.
Based on an adjusted average of +12 indicators included in the CER 2.0 methodology, the platform has already evaluated the security of 1,500 cryptocurrencies and 290+ crypto exchanges. It is the first security rating covering such a big number of digital assets and platforms.
“Only 1.2% of cryptocurrencies follow all security best practices. By refraining from investing in projects with non-adequate security, users can mitigate the risk of losing their money as a result of theft, scam, and other threats. Projects that invest in security are more likely to be focused on long-term growth,” the company says.
The collaboration dates back to 2020
CoinGecko provides fundamental analysis of cryptocurrency markets through intricate valuation methodologies revolving around market capitalization, volume and price. The industry data aggregator also tracks community growth, open-source code development, major events and on-chain metrics.
Nevertheless, this was not the first collaboration between the two firms as CER.live has been part of CoinGecko’s trust score given to exchanges since 2020. In particular, CER has assessed the security of all cryptocurrencies with the market cap >$3M (with a few exceptions).
“Investing in cryptocurrencies carries certain additional risks compared to other asset classes. As crypto investors, one area we should be mindful of is the security level of tokens. With the integration of CER 2.0, we hope to improve user awareness of token security and enable all CoinGecko users to make well-informed decisions,” said Bobby Ong, co-founder and COO of CoinGecko.
“This integration will surely foster cybersecurity in Web 3.0. Compared to 2020, the year when our crypto exchanges security score was integrated into CoinGecko, the number of secure crypto trading platforms has doubled. It’s a great confirmation of the value of our partnership with this leading data aggregator for the industry,” added Kostiantyn Oleshko, product owner at CER.live.
