Flipster Achieves AAA Security Rating, Join Elite Group of Secure Exchanges

Flipster Achieves AAA Security Rating

Flipster, a rapidly emerging platform for crypto perpetual trading, has recently been awarded an AAA security rating from CER.live. This recognition places Flipster among the top 13 most secure cryptocurrency exchanges globally, a noteworthy achievement in an era where cybersecurity is of utmost importance for traders.

This exceptional rating is backed by an impressive overall score of 90% across critical security parameters. The platform received perfect scores in areas such as server security, user security, penetration testing, and its innovative bug bounty initiative. These accolades position Flipster alongside well-established platforms like Coinbase, OKX, and Kraken, reinforcing its reputation in the competitive crypto market.

Understanding the Evaluation Methodology

The AAA rating from CER.live stems from its rigorous and independent assessment methodology. This process evaluates a variety of factors, including cybersecurity practices, penetration testing results, proof-of-reserves, and the effectiveness of bug bounty programs. Flipster's substantial investments in its infrastructure and governance are primed to protect customer assets rigorously, demonstrating its commitment to safety and reliability.

Cutting-Edge Security Framework

Flipster has established a security architecture that adheres to institutional standards, heavily emphasizing the importance of protecting user funds. The platform employs Fireblocks' multi-party computation (MPC) technology, thereby removing single points of failure and enhancing management of cold wallets. Furthermore, Flipster maintains full custody of its assets, ensuring that it does not depend on external exchanges for security.

To fortify its defenses, the platform utilizes advanced encryption methods coupled with real-time monitoring, ensuring continuous protection against potential intrusions. An additional layer of assurance is provided through its ISO/IEC 27001 certification, linking Flipster with globally recognized benchmarks for information security.

Collaboration with HackenProof, a well-respected entity in the blockchain security domain, has enabled Flipster to run a public bug bounty program. This initiative incentivizes independent researchers to identify vulnerabilities within the platform, highlighting Flipster’s proactive approach towards security. Recently, the exchange also completed a proof-of-reserves audit with Hacken, confirming that all customer deposits are securely backed, with independent on-chain verification open for public scrutiny.

Insights from Leadership

Justin Hong, Chief Information Security Officer (CISO) at Flipster, expressed his satisfaction regarding the AAA rating, stating, "Our security framework is designed to meet the same standard as the world's most trusted exchanges. This recognition validates the controls we've put in place to safeguard users while delivering a high-performance trading experience." His statement underscores Flipster's dedication to creating a safe, efficient trading environment that meets the expectations of modern traders.

Trends in Trading Security

The announcement of this AAA rating comes at a crucial period, particularly as traders increasingly prioritize security and transparency in exchange operations. Flipster's elevated position within the framework of global exchanges not only emphasizes its security measures but also its ambition to merge innovative trading products with robust protection—setting a new standard in the burgeoning world of cryptocurrency.

About Flipster

For those unacquainted with Flipster, it is portrayed as the zero-friction exchange designed for crypto traders seeking an unparalleled perpetual trading experience. Offering zero spreads on major currency pairs and enabling balances to earn while trading, Flipster is committed to delivering precise and high-performance trading solutions. Impressively, the platform's trading volume witnessed an astonishing growth of 856% year-on-year in 2024, solidifying its status as one of the fastest-growing crypto perpetual trading platforms globally. To learn more, visit flipster.io or follow them on X.

About Hacken

Hacken has established itself as a comprehensive blockchain security and compliance partner for digital assets. Unlike traditional providers, Hacken originated within the blockchain domain, combining extensive knowledge in Web3 with top-tier quality, AI-driven offensive security, and widely recognized certifications. Since its inception in 2017, Hacken has acquired the trust of over 1,500 partners, including entities such as the European Commission, ADGM, MetaMask, Ethereum Foundation, and Binance, securing a foothold in the evolving digital landscape.