Thanks to the high volatility of Bitcoin and a slow but steadily changing regulatory approach, the popularity of cryptocurrencies is rising. As a result, cryptocurrency trading has also become a lucrative business. As the number of cryptocurrency traders continues to rise, the number of crypto exchanges is also increasing rapidly. However, with increased trading activity, exchanges have also fallen prey to cyber attacks. In the first nine months of 2018, hackers stole $927 million worth of cryptocurrencies from the cryptocurrency exchanges.
Unfortunately, various security-related vulnerabilities have made it considerably easier for hackers to steal from the crypto exchanges. Nearly, 54% cryptocurrency exchanges have security holes that cybercriminals can exploit and get away with traders’ hard-earned money. To attract more crypto traders and build a positive image, you must ensure your cryptocurrency exchange software boasts the following six essential security measures.