With our SOC 2 Type 1 audit, we’ve reached a new security milestone

written by okped

With our SOC 2 Type 1 audit, we’ve reached a new security milestone

We’ve successfully completed an industry-leading security audit. This milestone is just another step in our journey of offering our customers the safest crypto experience in the industry. 💪

In summary

  • We’ve successfully completed the Service Organization Control (SOC) 2 Type I Compliance audit
  • This audit was conducted by the CPA firm Grant Thornton and confirms that our approach to information security adheres to the high standards set by the AICPA Trust Services
  • This milestone is yet another step in our journey of offering our customers the safest crypto experience around

What’s a SOC 2 Type I compliance audit?

We’re proud of our successful completion of a Service Organization Control (SOC) 2 Type I compliance audit because it confirms that we operate with high standards of security and privacy. 

The audit was conducted by the CPA firm Grant Thornton and, for those who don’t know, a SOC 2 Type 1 audit is an audit that reviews, at a given point in time, the control environment a company has developed. In simple terms, the auditors looked at our information security processes, checked them against the AICPA Trust Services criteria, and confirmed we have a robust design of internal controls to enforce best-in-class security practices.

A successful SOC 2 Type 1 audit is also the first step towards… a SOC Type 2 audit. A SOC 2 Type 2 audit is also an audit designed to review  the effectiveness of a company’s controls themselves, but this time over a period of time – usually 6 or 12 months. We are aiming to successfully complete the SOC 2 Type 2 audit in 2023, along with other security certifications.

Putting security first

Our commitment to our customers is to always adapt to new threats and attack vectors and offer the safest experience in the industry. That means considering security not as one feature among others but as a foundation on which others stand. For the entire crypto experience to feel right, we must put security first.

That’s why, beyond the specifics of the SOC 2 audits, we also conduct annual penetration testing and disaster recovery exercises, and have developed a bug bounty program. Our aim is to offer our customers the same level of security they can enjoy in the traditional trading environment . Here’s to building the best of both worlds!

Trade safely

THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE OR SELL DIGITAL ASSETS. DIGITAL ASSET HOLDINGS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.