Finery Markets, a non-custodial crypto Electronic Communication Network (ECN) and provider of institutional trading solutions, has completed its SOC 2 Type 2 examination. The company states this achievement reinforces its commitment to strong security protocols and client data protection in digital asset markets.
The firm serves institutional clients across more than 35 countries, with a hybrid trading platform that integrates aggregated order books and Request for Quote (RFQ) functionality. The completion of the SOC 2 Type 2 examination aligns Finery Markets with security and reliability standards followed in traditional financial markets.
“Pivotal moment in our journey to enhance trust and credibility”
Ilia Drozdov, CEO and co-founder of Finery Markets, said: “Our SOC 2 Type 2 examination is a pivotal moment in our journey to enhance trust and credibility among clients and market participants. It reflects our mission to provide innovative, institutional-grade trading services within the crypto space while adhering to the highest security standards. This achievement reinforces the trust our clients place in us and underscores the reliability of the trading infrastructure we have built.”
The firm completed the SOC 2 Type 1 examination in March 2024, with 360 Advanced as its third-party evaluation partner. Finery Markets states this next step further validates its policies, procedures, and systems, ensuring that its internal controls meet the highest security expectations.
The company emphasizes that strict security compliance does not hinder its ability to adapt to market demands. “At Finery Markets, we remain committed to not compromising quality while ensuring flexibility and innovation,” added Ilya Drozdov, co-founder of Finery Markets. “This SOC 2 Type 2 examination reflects months of rigorous evaluation of our policies, procedures, and systems. We believe this diligence proves that, despite our startup mindset and inventive culture, we provide peace of mind to our growing network of institutional alliances.”
The firm describes this certification as an important step toward building trust in crypto financial infrastructure. As the first crypto ECN to complete both SOC 2 Type 1 and Type 2 examinations, Finery Markets states this milestone reinforces its leadership position. Clients gain greater assurance that their trading environment meets the same security benchmarks expected in institutional finance.
The company, founded in 2019, has established itself as a provider of advanced trading infrastructure for institutional clients. Finery Markets supports 150+ digital asset firms, including payment providers, brokers, OTC desks, hedge funds, and custodians. The firm has received industry recognition, earning a place in the Deloitte Technology Fast 50 competition as one of the top 50 rising stars in 2024.
The cybersecurity firm 360 Advanced, which conducted the SOC 2 Type 2 examination, provides compliance solutions for companies across industries. With nearly two decades of experience, the firm specializes in ISO 27001, HITRUST, SOC, Penetration Testing, and Risk Assessments for technology-driven businesses.
