The Ukrainian company Hacken has launched a new website that provides an all-in-one tool for the qualification of cryptocurrency exchanges. Crypto Exchange Ranks (CER) will allow parallel comparisons of more than a dozen exchanges, including real-time arbitrage data and liquidity, compliance, reliability and security ratings.
Crypto Exchange Ranks Will Officially Launch June 18
CER aims to accurately classify cryptocurrency exchanges. The service will allow users to access a wide range of metrics for the main exchanges within the cryptocurrency ecosystem. The beta version of the platform includes a scorecard for comparing trades, as well as tabs for viewing liquidity and arbitrage.
Although not all features have been activated in the beta version, the working ones work well and provide useful tools for traders looking for arbitrage opportunities, or trying to determine withdrawal limits on various platforms. Anton Kaminsky, Director of Business Development at CER, explain that the goal is to create a sophisticated tool for cryptocurrency exchange rankings, to save time and effort for all market participants.
The “CoinMarketCap” Of Exchanges
It is well known throughout the community that the popular CoinMarketCap provides certain data on exchanges, such as 24-hour volume and most traded pairs, to which CER will take on a different added value.
The application will allow users to compare the prices of any currency on up to five exchanges, view the aggregate volumes of different platforms and view the balances of the hot and cold wallets of the platforms.
Most traders are not concerned about cybersecurity ratings, the existence of such tools can encourage exchanges to improve their service, knowing that each of their actions is constantly being monitored.
The site will remain free for launching. There seems to be talk of introducing a future paid service with more options, such as scanning the order book of each exchange in real time to calculate its size.
Dmitriy Budorin, CEO of Hacken, said:
“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”.