CoinGecko adds crypto security data from CER.live rating

The recent panic around the crash of TerraUSD and Terra Luna has once again raised the question about the security of cryptocurrencies. As of now, the industry is far from being free of projects with poor security.

Recently, the biggest crypto data aggregator, CoinGecko, integrated the security data from the CER.live rating of cryptocurrencies into the project’s pages, section “Security”, with a mission to draw users’ attention to the importance of security.

Bobby Ong, co-founder and COO of CoinGecko, said:

CER covers top 1.5K projects by market cap

CER 2.0 is the security rating of cryptocurrencies covering the top 1,500 projects by market capitalization according to CoinGecko. Thus, CER has assessed the security of all cryptocurrencies with the market cap over $3 million with a few exceptions. 

CoinGecko users will see four indicators:

The security score is calculated as an adjusted average of twelve indicators included in the CER 2.0 methodology, among which there are three basic indicators mentioned above.

Kostiantyn Oleshko, product owner at CER.live, added:

Only 1.2% of cryptocurrencies follow all security best practices. By refraining from investing in projects with non-adequate security, users can mitigate the risk of losing their money as a result of theft, scam, and other threats. Projects that invest in security are more likely to be focused on long-term growth.