Bitstamp obtained two new certifications, SOC2 Type 2 and ISO/IEC 27001

 

Bitstamp

Bitstamp has been a cornerstone of the crypto industry since 2011 and thus their overall commitment has always been in holding themselves to the highest standards of security, accountability, reliability, and transparency. Their actions and achievements in this aspect have been extensive:
  • They’ve been regulated by CSSF since early 2016.
  • They were the first crypto exchange to receive a Payment-Institutions license in the EU.
  • They obtained the NY DFS BitLicense in the US in 2019.
  • They’re audited by one of the Big Four.
  • In the US, they’re currently obtaining MTLs on a state-by-state basis.
Since they want to keep making impactful progress through integrity, they're proud to announce that recently acquired two important security certifications. Both the SOC2 Type 2 and ISO/IEC 27001 certifications are a testament that they're taking security seriously and prove that not only are their security controls effective but also that are proactively building trust and customer protection with an ardent approach to regulation.

What are these newly acquired certificates?

SOC2 Type 2
The first is the SOC2 Type 2 certification, which confirms that security controls are effective and meet the highest standards. SOC2 Type 2 is an audit standard that was developed by the American Institute of Certified Public Accountants (AICPA). The standard is used to assess the design and effectiveness of security controls put in place by organizations. With this standard, they in turn impart the highest degree of confidence to our customers that their data is safe.

ISO/IEC 27001
The second is the SO/IEC 27001 certification, which verifies that their information security management system meets international standards.

It specifies the requirements for an information security management system (ISMS), which is a framework that organizations can use to manage and improve their information security. An ISMS is important for any organization that handles sensitive data, and crypto exchanges are no exception. An ISMS will help them protect their customers' data from unauthorized access, misuse, alteration, or destruction. It will also help them to comply with regulations more easily and protect themselves from cybercrime.

Taking these milestones along with the newly obtained certificates and combining them with their proven stability, service, and unmatched uptime, it's clear that they're fulfilling the highest security standards and cementing their reputation as the most trustworthy crypto exchange with a diverse pool of market participants.



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