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- Gemini Exchange is now named the highest security exchange after it recently completed its independent SOC 2 Type 2 examination.
- In January 2019, Gemini Exchange had completed the SOC 2 Type 1 security exam.
- Gemini has now planned to take up the SOC 2 Type 2 exam on an annual basis to ensure the best security in design for its use.
One of the top tier digital currency exchanges Gemini Exchange is now named the highest security exchange after it recently completed its independent SOC 2 Type 2 examination, which also said to be the first in the crypto.
This shared in the blog post of the Gemini exchange after their successful completion of the above exam. The end of the security exam makes Gemini Exchange one of its kind exchanges and the first-ever company to ever reach this level of security.
Exactly a year back, in January 2019, Gemini Exchange had completed the SOC 2 Type 1 security exam, which assessed the design and implementation of system controls at a note in time.
However, the SOC 2 Type 2 exam determined whether the system controls are working as expected over some time. When the SOC 2 Type 1 exam was taken and completed, it soon planned to complete the SOC 2 Type 2 exam as well said the report in detailed structure.
Gemini has now planned to take up the SOC 2 Type 2 exam on an annual basis to ensure the best security in design for its use so that it can engage in complete trust of its users, be it in terms of safety or working of the exchange platform.
It also has added digital asset insurance to its hot wallet and Gemini Custody, which entrusted in providing to the personal information of the signed up customers and, most importantly, to the stored cryptocurrencies in the wallet under each individuals name.
Gemini is one of the largest exchanges in the world and regulated by the New York State Department of Financial Services (NYDFS).
Gemini exchange was found and started in the year 2014 with the headquarters in New York City, Cameron and Tyler Winkelvoss found Gemini exchange. Gemini exchange is now working in the top countries where digital currencies implemented.
