Exchange News

Big Achievement for Binance, Gets Recognition from DNS, UKAS

World’s leading cryptocurrency exchange platform Binance has made a big announcement. The cryptocurrency exchange divulged today that it has received official recognition by the International Organization for Standardization or ISO.

Binance took to its Twitter handle and shared the big news of receiving an ISO/IEC 27001 accreditation.  It is a globally accepted information security management system issued by ISO. The ISO27001 accreditation, which has been certified by highly renowned global accreditation bodies–DNS & UKAS.

With this recognition, Binance has now emerged as one of the most important crypto-asset platforms to accomplish global information security standards. Binance had to clear the examination of 114 criteria all across the vast 14 categories in order to achieve this milestone and certification. It comprises of asset management, security policy, information systems acquisition, operation security, maintenance, and development.

Binance’ CEO CZ has also made an official statement soon after the achievement, “Security has always been the utmost priority for Binance and our users, and we are honored that Binance’s security management is recognized by the respected DNV and UKAS. We appreciate the great amount of trust that our users have placed in us. We are committed to continuously securing our users’ information and assets by further strengthening our security system.”

It is noteworthy that the award has already received certification by Norway’s DNV which has emerged as one of leading accredited registrars all across the globe and the UKAS, the sole national accreditation body recognized by the British regime.

The big achievement for Binance comes on the heels of the recent launching of its American digital marketplace known as Binance.US, which is controlled by BAM Trading Services. The platform seeks to be inventive, economical and accessible location for users to purchase, sell, and hold digital assets within the United States which will also include user-friendly fiat on-ramp.

A couple of days back, the ninth Launchpad venture from Binance had received acknowledgement by the trading platform and is known by the name Band Protocol. It managed to raise 3 million USD as seed investments from three various main speculators and was likely for a token deal on the platform. Binance sought to offer its vast clients a big opportunity to invest its resources into a different crypto platform along with an airdrop of $300 in crypto from Band Protocol. The current token deal for Band is expected to include a lottery with development of an airdrop. Binance also cleared that those who receive a winning ticket may not receive any of the free BAND coins.

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Jason Fleming is a passionate writer for finance and cryptocurrencies. He strongly believes that crypto will become a benchmark in use of money in near future. He is known for his excellent opinion articles of cryptocurrencies. He closely follows world's financial market of cryptocurrencies.

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