October 21, 2019, 9:03PM EDT
• 4 min read

A look at exchange confirmation times and settlement assurances

Quick Take

  • Cryptocurrency exchanges have become a primary attack target for hackers
  • One way exchanges manage their security is by setting the minimum number of block confirmations for cryptocurrency deposit
  • The Block compares the confirmation times of eight cryptocurrencies + ERC-20 tokens across 18 exchanges to take a look at how exchanges view blockchain security and settlement assurance
  • Our analysis found that Kraken has taken one of the more conservative approaches for accepting cryptocurrency deposits based on the confirmation time the exchange requires 

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here