Express

Coinbase Prime Brokerage Receives Operational Recognition

Katie Lin

Summary: Coinbase’s prime brokerage, Coinbase Prime, has received SOC 1 Type 2 and SOC 2 Type 2 certifications, according to a blog post on Tuesday. SOC reports are attestments to a business’ practices, certifying that it is following the highest standards within an industry. SOC 1 examines organizational controls over financial reporting, while SOC 2 looks ...

Coinbase’s prime brokerage, Coinbase Prime, has received SOC 1 Type 2 and SOC 2 Type 2 certifications, according to a blog post on Tuesday. SOC reports are attestments to a business’ practices, certifying that it is following the highest standards within an industry.

SOC 1 examines organizational controls over financial reporting, while SOC 2 looks at controls based on AICPA’s five trust principles of security, availability, processing integrity, confidentiality, and privacy. Type 2 looks at how effective those controls are.

“These two ceritificates…reinforce that Coinbase Prime’s system requirements, service commitments, and data protection safeguards meet the rigorous standards necessary to provide the safest prime brokerage solution in the crypo ecosystem,” the blog post said.

Author: Katie Lin

Last Update:

Tags: ,,,,,,
Link: Coinbase Prime Brokerage Receives Operational Recognition   [Copy]
  • ETHDenver 3/1 Day in Review 16 hours ago
  • ETHDenver 2/29 Day in Review 2 days ago
  • EthDenver 2/28 Day in Review 3 days ago
  • Are We in the Next Big Bull Market? 4 days ago
  • Uniswap Fee Distribution: A Legal Breakthrough for DeFi? 7 days ago
  • You need to login to comment.