Gemini Bitcoin Exchange Completes Second Level Security Audit

Representatives of the Gemini crypto exchange proudly announced the successful completion of site security monitoring by SOC 2 type 2 audit. The company said the audit was carried out by specialists from Deloitte, which, by the way, enters the so-called “Big Four” of global audit companies.

The Winklevoss brothers emphasized it was their exchange that was the first in the industry to successfully pass the SOC 2 Type 2 audit. And this statement is true.

SOC 2 audit is the study of control measures in the systems of a service organization that are used to process personal data of users.

Recall that the Winklevoss brothers` exchange passed an audit of SOC 2 type 1 last year.

“While SOC 2 Type 1 evaluates the design and implementation of control systems at a specific point in time, SOC 2 Type 2 checks whether these systems worked effectively for a specific period of time,” Yusuf Hussein, the Head of Gemini Risk Department explained.

He also said that the site will pass an audit yearly.

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