Press Release

US Rating Agency will issue letter grades on Cryptocurrencies next week

Weiss Ratings, the nation’s leading independent rating agency of financial institutions, will issue letter grades on cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, NEM, Litecoin, Stellar, EOS, IOTA, Dash, NEO, Monero, Bitcoin Gold and many others.

The new Weiss Cryptocurrency Ratings, to be released January 24, are the first by a financial rating agency. They are based on a groundbreaking model that analyzes thousands of data points on each coin’s technology, usage, and trading patterns.

“Many cryptocurrencies are murky, overhyped and vulnerable to crashes. The market desperately needs the clarity that only robust, impartial ratings can provide,” said Weiss Ratings founder, Martin D. Weiss, PhD. “We’re proud to be the first to bring that benefit to investors – to help them cut through the hype and identify the few truly solid cryptocurrencies. Our ratings are based on hard data and objective analysis. But they’re bound to create controversy, including some grades that may come as a surprise to some people.”

Weiss Ratings, which began in 1971, rates 55,000 institutions and investments. Unlike Standard & Poor’s, Moody’s, Fitch and A.M. Best, Weiss never accepts compensation of any kind from the entities it rates. Its independence and accuracy have been noted by the U.S. Government Accountability Office (GAO), Barron‘s, The Wall Street Journal, and The New York Times, among others.

14 Comments

14 Comments

  1. joe schmoe

    January 17, 2018 at 7:55 pm

    Are these ratings going to be legit, or just another exercise of pay-to-play in the wild world of crypto?

    “This blockchain may not have a working product, but they have some cool team members & big promises, so we give it an A+, higher than 50 other currencies with working products but no financial ties to us”

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  3. Whale

    January 17, 2018 at 11:28 pm

    Benefit? For the bankers, For sure. They are backed by big money and will do everything to lower the price to get into the game. What do you think?

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  6. Pingback: US Rating Agency will issue letter grades on Cryptocurrencies next week - Cryptocurrency Connect

  7. Pingback: US Rating Agency will issue letter grades on Ripple XRP next week • The Zerp

  8. Adam

    January 18, 2018 at 7:55 pm

    I’ve heard nothing but bad things about Weiss. Investigated by the SEC and suspended at least once. Hopefully they stay out of it.
    http://query.nytimes.com/mem/archive/pdf?res=9803E7DB1F31E73BBC4F53DFB2668389669EDE
    https://www.sec.gov/litigation/admin/2006/ia-2525.pdf

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  10. Pingback: Agencia de EE UU Weiss Ratings emitirá calificaciones sobre criptomonedas este mes – DiarioBitcoin

  11. Lisa Vanovitch

    January 19, 2018 at 11:32 pm

    I would very much prefer to see these ratings being produced in a decentralised way, thus empowering overall democratic, reasonable assessments. Let’s be better than the current market of finance. Ignite Ratings is working on just that if you care to check that out.

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