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April 2023 Media Report


Cryptocoins Exchanges / CEX.IO 156 Views

T.S. Eliot famously wrote that “April is the cruelest month,” but last month, our media climate was far from a wasteland. In fact, the past few weeks have been a veritable wellspring of positive reviews, thoughtful rankings, generative coverage, and timely thought leadership concerning the industry’s most pressing issues. With multiple appearances in Cointelegraph and pickups from The Associated Press, CEX.IO enjoyed recognition both in and beyond the crypto space.

We kicked off the month with our Head of Communications, Becky Sarwate, speaking with Cointelegraph about how turbulence in the U.S. banking system could impact the digital economy. CEX.IO’s Founder and CEO, Oleksandr Lutskevych, would go on to make two trips to the outlet’s Innovation Circle to discuss current trends alongside fellow industry leaders. For his first appearance, Alex offered insight on what companies should consider before moving logistics to the blockchain. On his second trip, Alex joined a conversation on how crypto leaders can encourage more compliant staking on their platforms.

But our thought leadership hit an apex with the release of our Q1 2023 report COMPASS: Exploring Emerging Layers Within the Crypto Ecosystem. In its pages, the CEX.IO Market Research Team examines how Layer 2 (L2) solutions are driving innovation and refinement on legacy blockchain networks. From the rise of Arbitrum and Optimism on Ethereum, to the use of Ordinals with Bitcoin to enter the NFT space, both vectors are showing promising signs of growth. To add to the momentum, The Associated Press picked up the press release announcing our Q1 2023 COMPASS report, and quoted our CEO Alex in its coverage.

Our Chief Compliance Officer, Shelley Schachter-Cahm, was also recognized by The Associated Press, with a press release pickup announcing her hosting of a panel presented by 100 Women in Finance. The event centered on providing intermediate knowledge about crypto, and highlighting the investment case for the asset class. Where finance and technology are historically male-dominated spaces, Shelley’s panel helped exemplify the women leaders working to balance representation and drive the industry forward.

Lastly, CEX.IO received high profile rankings in April from CCData, formerly CryptoCompare, and Digital Asset Research. We showed improvement across several key security metrics and received another “A” rating from CCData in their Exchange Benchmark report. Similarly, Digital Asset Research again gave CEX.IO the status of “Vetted Exchange” and cited accessibility and user safety among its notable features.

Explore our April media highlights, rankings, and reports via the links below.

Cointelegraph: Stress test? What Biden’s bank bailout means for stablecoins

On April 2, CEX.IO’s Head of Communications, Becky Sarwate, spoke with Cointelegraph about how uncertainty in the U.S. banking system could continue to impact the crypto space. Noting similarities between previous instances of TradFi turbulence, such as the financial collapse of 2008, Becky highlighted how these events reaffirm the investment use cases for digital assets.

“Sarwate added that when ‘traditional pathways prove equally volatile from the perspective of a crypto curious participant, it throws the inherent risk of any market participation into relief.’ She added that while digital assets lack some of the protections seen in traditional finance, they ‘offer an alternative set of benefits that, in our current climate, could be appealing to nervous investors.’”

Cointelegraph: 11 tips for companies considering blockchain to manage logistics

On April 11, CEX.IO Founder and CEO, Oleksandr Lutskevych, returned to the Cointelegraph Innovation Circle to discuss what companies should consider before moving logistics onto the blockchain. Alongside other industry leaders, Alex highlighted that without a proper understanding of the technology’s true purpose, companies can run the risk of failing to tap into its full potential.

“Companies often feel pressure to adopt the latest solutions to keep pace with the competition. However, it’s important to have a proper understanding of these solutions’ applications before jumping on the bandwagon. Blockchain’s value as a tool should be superseded by its visionary reimagining of how we can store and share information. Starting from this premise is critical to unlocking its full potential.”

AP News: CEX.IO Chief Compliance Officer Shelley Schachter-Cahm to Moderate Panel Presented by Women Leaders in Crypto

On April 12, CEX.IO’s Chief Compliance Officer, Shelley Schachter-Cahm, was quoted by The Associated Press in advance of her hosting a panel presented by 100 Women in Finance. “Digital Assets 101, Presented by Women Leaders in Crypto” covered intermediate level knowledge around market structure, private keys, and custody solutions that spoke to both investment opportunities and potential risk.

“Having the opportunity to share a 360-perspective of the current investing landscape alongside innovative women leaders from across the industry is a true privilege. Not only will this help dispel the notion that crypto’s a boy’s club, but our unique backgrounds and accomplishments should make for a robust and informative discussion.”

Digital Asset Research: April 2023 Crypto Exchange Vetting Results

On April 12, leading arbiter of crypto and exchange health, Digital Asset Research, once again listed CEX.IO as a “Vetted Exchange” in its April 2023 Crypto Exchange Vetting Results. This quarterly review evaluates on-chain information through quantitative and qualitative means to provide impartial clarity on the potential risks clients could face transacting in the digital asset space.

Read DAR’s full Exchange Vetting Methodology here.

CCData: Exchange Benchmark April 2023

On April 19, reputable ranking and market research outlet CCData, formerly CryptoCompare, gave CEX.IO another “A” rating in their recent Exchange Benchmark report. Since the company’s last inclusion, CEX.IO saw marked improvement in categories such as Legal/Regulation, Security, and Market Quality, and another perfect score for KYC/Transaction Risk prevention.

Explore our ranking in full here.

AP News: CEX.IO’s Latest Market Analysis Report Reveals How Layer 2 (L2) Solutions Help Refine Bitcoin and Ethereum Functionality

On April 27, CEX.IO Founder and CEO, Oleksandr Lutskevych, was quoted by The Associated Press following the release of our Q1 2023 COMPASS report. Despite increased regulatory scrutiny, and turbulence in some corners of the financial landscape, the report examines how crypto is experiencing a popular resurgence at a time of technological innovation.

“‘The expansion of crypto’s two flagship ecosystems into generative new directions is reflected in the total value locked (TVL) on these networks,’ said Oleksandr Lutskevych, CEX.IO’s Founder and CEO. ‘The rise of stablecoin usage among Ethereum participants, when paired with the network’s accentuated efficiency, help reveal what balanced tokenomics can resemble in a mature, L2-enabled system.’”

Cointelegraph: 11 industry leaders discuss effective ways to ensure compliant staking

Also on April 27, Alex took another trip to the Cointelegraph Innovation Circle, this time to discuss ways crypto leaders can encourage more compliant staking on their platforms. He noted how scrutiny has often stemmed from poorly explained or disclosed procedures, and highlighted the need for clear, concise language to help users make the most informed decisions.

“Recent crackdowns on crypto staking have largely centered around vague service language and poorly documented processes. That’s why risks and procedures should be properly disclosed to ensure users have the information they need to make an informed decision. As such, leaders must be transparent about how staking works on their platforms so it can remain a viable pathway for their communities.”

Disclaimer: Information provided by CEX.IO is not intended to be, nor should it be construed as financial, tax or legal advice. The risk of loss in trading or holding digital assets can be substantial. You should carefully consider whether interacting with, holding, or trading digital assets is suitable for you in light of the risk involved and your financial condition. You should take into consideration your level of experience and seek independent advice if necessary regarding your specific circumstances. CEX.IO is not engaged in the offer, sale, or trading of securities. Please refer to the Terms of Use for more details.

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