ZUBR Ranks As A+ Verified Exchange

  • Cryptocurrencies
  • 17.11.2020 12:13 pm

Derivatives exchange ZUBR has received certification as an A+ Verified Exchange by institutional crypto ranking programme, Nomics.

The deep data integration required ZUBR to provide detailed information about the instruments listed on its exchange, feeding historical data on all executions to Nomics, as well as providing order book snapshots in order for Nomics to rank ZUBR among other exchanges.

Nomics delivers professional-grade market data Application Programming Interfaces (APIs), and is a trusted service to institutional crypto investors and exchanges. The company curates a ‘Top Cryptocurrency Exchanges List’ as part of its A+ Verified Exchange Program, which launched in August 2019.

The program certifies exchanges which have provided high-granularity data with as much history as possible. Current A+ Verified Exchanges include Deribit, IDEX, Switcheo, and Blocktrade.

Ilgar Alekperov, CEO of ZUBR, said: "We are extremely pleased to receive our A+ rating from Nomics, further evidence that the ZUBR Exchange meets the highest standards for data reliability and consistency. The A+ Verified Exchange Program reflects the transparency and fair dealing that ZUBR is looking to bring to the evolving crypto derivatives trading industry, as we lead the way in creating a regulated and truly professional environment.”

In addition to its ranking, and in-principal DLT licence, ZUBR enhances its compliance and due diligence measures using tools like risk scoring and transaction tracking through the Crystal Blockchain platform, an analytics and investigative division of Bitfury designed to bolster due diligence and track bad actors in the blockchain space. 

As of March 2020, Crystal’s database considers wallets managed by ZUBR exchange to have a "Trusted Exchange” label, meaning that this entity is running Anti-Money Laundering (AML) and Know Your Customer (KYC) checks on all onboarded customers according to the Financial Action Task Force and the European Union’s 5th Anti-Money Laundering Directive (AMLD5) recommendations for digital asset businesses.

ZUBR is also the first live digital derivatives platform to have been successfully tested by Exactpro, a specialist firm focused on quality assurance for exchanges, clearing houses and security depositories, used by regulated financial market infrastructures in twenty countries across six continents.

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