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New Rating Approaches for Crypto Exchanges and Crypto Custodians

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It was not just Tesla’s spectacular entry into the world of bullish cryptocurrencies that attracted the attention of investors to this young asset class. Thousands of crypto currencies are now part of a universe that ranges from outright fraud to serous applications. Keeping an overview here is hardly possible for individual private investors in particular – hence a typical market situation in which rating agencies are required. Classifications by rating symbols are easy to understand and therefore reach many investors.

The need has already been recognized internationally in various countries. Correspondingly, websites like www.crypto-rating.com, which aim to give investors orientation with ratings and rankings, catch the eye among the search results. Like the cryptocurrencies, the rating agencies have also emerged from different motivations that need to be carefully considered.

Finanz Verlag GmbH is now commissioning DLC ​​Distributed Ledger Consulting GmbH to carry out crypto ratings. Initially, tests are planned with regard to crypto exchanges and crypto custodians, an expansion to other products in the digital asset environment is planned.

Two evaluations are planned for 2021

  • The first test – with a focus on crypto exchanges – is published in the investor magazine “BÖRSE ONLINE”.
  • Another test follows – with a focus on crypto custodians – in the publication “Trends in Asset Management (TiAM)”, which is aimed at professional investors.

Dieter-Thilo Fischer, Managing Director of Finanzen Verlag GmbH, explains: “Crypto assets are already on the agenda of many investors – and they almost certainly have a great future ahead of them.” Nevertheless, for many it is a “cryptic” asset class with new challenges, in which an independent source of information is particularly important. “We are therefore pleased to have gained an extremely experienced blockchain specialist consultancy for our planned ratings with DLC.”

Dr. Sven Hildebrandt, managing partner of DLC Distributed Ledger Consulting, adds: “Of course we are pleased to be able to work for such an established publisher in the financial market environment. And you certainly feel confirmed when our company’s assessment is so widely spread. We are very much aware of the responsibility that this entails. After all, over 300,000 people read the publications of the Finanzen Verlag. “