CoinGecko is the leading cryptocurrency data aggregator globally and a key partner of Hacken. Since 2014, it has been a reliable information source for millions of cryptocurrency investors. CoinGecko aims to provide the crypto community with a comprehensive, 360-degree market view.
Offering detailed data from numerous sources, CoinGecko provides insights into price, trading volume, market capitalization, developer activity, community engagement, and more. Currently, it tracks over 11,000 crypto assets across more than 700 exchanges worldwide. For more details, visit https://www.coingecko.com.
Revolutionizing the Crypto Market
The strategic alliance between CoinGecko and Hacken has significantly improved the Web3 landscape.
Following the introduction of CER.live cybersecurity ratings and the CoinGecko Trust Score, the number of smart contract audits, penetration tests, and bug bounty programs has increased. The collapse of FTX and the growing demand for proof of reserves have led to heightened security standards across crypto projects to restore consumer confidence.
CoinGecko Trust Score
CoinGecko and Hacken collaborate to enhance cybersecurity resilience. CoinGecko ranks top crypto exchanges based on Trust Score and trading volumes.
In January 2023, CoinGecko introduced Trust Score 3.0, which includes:
- Liquidity: 4 points
- Cybersecurity: 2 points
- Scale: 1 point
- Past Incidents: 1 point
- Proof of Assets: 1 point
- Team Presence: 0.5 points
- API Coverage: 0.5 points
Cybersecurity contributes 2 out of the 10 points in CoinGecko’s overall Trust Score, with Hacken supplying the crucial data for this metric.
CoinGecko’s Trust Score acts like an invisible guide, steering crypto exchanges towards better security practices. It is in the best interest of every crypto exchange to achieve the highest possible Trust Score when listed on CoinGecko. For a crypto project, a higher score enhances community relations, market adoption, and financial health. To attain a high Trust Score on CoinGecko, crypto projects and exchanges must prioritize security.
At HackenProof, we recognize the significant responsibility of assessing and ranking the security of numerous crypto projects. This led us to establish CER.live, an independent entity dedicated to monitoring and analytics. CER.live provides unbiased cybersecurity ratings for crypto exchanges and cryptocurrencies.
CoinGecko incorporates data from CER.live into its Trust Score and the “Cybersecurity” tab.
In turn, CER.live utilizes CoinGecko price data for each listed project
The CoinGecko Influence
With over 50 million monthly visitors, CoinGecko has the power to set industry best practices. Their mission to empower a decentralized future involves a deep commitment to making the crypto market safer and more secure. As a result, millions of crypto users, blockchain developers, and entrepreneurs have grown to value security. Ultimately, a secure crypto market free from hacks, scams, and fraud will facilitate global cryptocurrency adoption.
Hacken Penetration Testing For CoinGecko
Beyond encouraging market improvements, CoinGecko leads by example. As a long-term partner, Hacken has conducted thorough penetration testing for CoinGecko to ensure their systems are secure. This testing included CoinGecko’s web and mobile apps, as well as APIs, and involved black box assessments for identifying vulnerabilities, version enumeration, information leakage, exploitation of vulnerabilities, and brute force attacks.
CoinGecko also requested Hacken’s penetration testing for a new feature in their client application. After conducting internal testing and resolving any defects, CoinGecko sought Hacken’s expertise for an external pentest, which began immediately after the feature’s release.
Hacken also tested CoinGecko APIs, which provide crucial data on crypto prices, market capitalization, and trade volumes. These APIs are widely used in the crypto market. While we won’t go into the specifics of the proactive pentesting, we can confirm that CoinGecko achieved a security benchmark of 10/10, indicating a “Highly Secure” status.
Looking Ahead
The strategic partnership between CoinGecko and Hacken has significantly enhanced the Web3 market by promoting robust security measures. The introduction of CER.live cybersecurity ratings and the CoinGecko Trust Score, which ranks top crypto exchanges with a focus on cybersecurity, exemplifies this commitment.
Hacken’s penetration testing for CoinGecko ensures that their new features and APIs are secure, with results confirming CoinGecko’s high-security standards. This partnership is crucial to our mission of making Web3 a safer space. CoinGecko’s influence, with its extensive user base, has encouraged others in the crypto market to prioritize security, driving the industry towards better practices.
