Crypto.com, the Singapore crypto services provider, is now SOC 2 certified. The prestige SOC 2 certification is usually reserved for traditional finance, which is why this news is somewhat of a big deal for the crypto community.
SOC 2 (Service Organization Control) audit is often used in traditional finance. The main purpose is to see whether the company is transparent and trustworthy. In addition, the audit also tests other aspects of the way of work such as customer policies, operations and various practices.
Moreover, the company with the task to conduct Crypto.com’s audit is Deloitte. This is a leading company that provides services in several distinctive sectors.
In particular, the field of conducting auditory services, consulting, advisory services and tax services. Specifically, it works with companies and corporations from all over the world.
Consequently, the Deloitte report is rather clear and concise. It states that Crypto.com passed the audit with flying colours. Hence, it can now be dubbed as the most secure and safe crypto platform on the planet.
And this is a real milestone for the crypto community. Considering that this is the first crypto platform in history to get SOC 2 certified.
According to Crypto.com, the SOC 2 certificate is a proof of the impeccable commitment to providing the ultimate crypto trading platform. This will serve as further motivation to proceed investing in Crypto.com, until the platform is compatible with nothing but the highest banking standards.
Crypto.com is known for forging lucrative partnerships, their quality way of work and the overall stability that comes with their brand. In fact, just a couple of weeks ago Crypto.com obtained the rights to rename the Staples Center into the Crypto.com Arena.
This historic deal is worth a whopping 700m and will see the Crypto.com brand name as the official arena name for the next 20 years. The name transition is scheduled to happen on Christmas Day.
Consequently, due to the success of Crypto.com, their native token CRO is breaking record after record. Specifically, it gained an insane 430% in just three short months. In fact, after a 7-day surge that equals 103.98%, the token now trades at $0.85. Finally, it has a current market cap of more than $21b.
To sum it up, Crypto.com shows the other crypto exchanges how it should be done. And that is why that can easily brag with the tile of the best crypto trading platform in the world.
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