Weiss Ratings is poised to launch the first cryptocurrency rating service, which is coming at a time of serious concerns sparked by the latest market sell-off. The new Weiss Cryptocurrency Ratings will start issuing letter grades on January 24, covering Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, NEM, Litecoin, Stellar, EOS, IOTA, Dash, NEO, Monero, Bitcoin Gold and many others.
The crypto ratings card will use a groundbreaking model that analyzes thousands of data points on each coin’s technology, usage, and trading patterns.
Palm Beach Gardens, Florida-based Weiss Ratings, which opened for business in 1971 as part of Weiss Group, has established a name for grading banks, insurers, and stocks. What separates Weiss Ratings from peers like Standard & Poor’s, Moody’s, Fitch and A.M. Best is that it never accepts compensation of any kind from the entities it rates. Its founder, Martin Weiss, has a reputation for approaching investments with caution and has admitted that grading cryptocurrencies is “a departure” from the agency’s traditional expertise
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