Two System and Organization Control (SOC) attestation reports have been submitted to <a href="https://www.cryptoknowmics.com/news/coinbase-says-law-enforcement-requests-surged-66-from-year-ago">Coinbase's</a> premier broker platform, Coinbase Prime, which <a href="https://www.coinbase.com/blog/coinbase-inc-completes-initial-prime-broker-prime-soc-1-and-soc-2-type-2" target="_blank" rel="nofollow noopener">attests</a> to an organization's compliance with industry standards.
<h2>Coinbase Prime Received SOC 1 and SOC 2 Attestations</h2>
According to a blog article on Tuesday, Coinbase's premier broker platform obtained SOC 1 Type 2 and SOC 2 Type 2 credentials from the American Institute of Certified Public Accountants (AICPA).

Internal controls over financial reporting are examined by SOC 1, whereas controls based on the AICPA's trust principles—security, availability, processing integrity, confidentiality, and privacy—are examined by SOC 2. Operational effectiveness is assessed in type 2 reports.
<h2>Intentions to Deliver Safest Prime Services</h2>
According to the blog post, the two certifications confirm that Coinbase's premier broker platform's technical specifications, service obligations, and data security protections fulfill the high criteria necessary to deliver the safest prime brokerage service in the <a href="https://www.cryptoknowmics.com/news/things-you-can-do-with-cryptocurrency">cryptocurrency</a> market.

The most popular institutional prime broker platform for crypto assets is Coinbase Prime. Coinbase Prime is an entirely integrated framework developed with institutions in mind. It supports the whole transaction lifecycle and offers sophisticated multi-venue agency trading experience for 200 assets, custody for more than 360 assets, funding, staking infrastructure, data analytics, and monitoring.

Coinbase Prime Network Receives Industry Attestation Reports

Coinbase Prime obtained SOC 1 Type 2 and SOC 2 Type 2 credentials from the American Institute of Certified Public Accountants (AICPA).

Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

Coinbase Prime Network Receives Industry Attestation Reports

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