Weiss Announces First Bitcoin and Cryptocurrency Grades by U.S. Rating Agency

PALM BEACH GARDENS, Fla., Jan. 17, 2018 /PRNewswire/ -- 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.

Martin Weiss and his lead analysts will be available for interviews at the North American Bitcoin Conference in Miami, January 18-19, or by phone. Contact Joy Howell, 202-302-5932 for more information or to arrange an interview.

About Weiss Ratings: Barron's called Weiss Ratings "the leader in identifying vulnerable companies." The profit performance of Weiss Stock Ratings was ranked #1, as reported in The Wall Street Journal, ahead of all major rating agencies and research companies covered, including Goldman Sachs, Morgan Stanley, Merrill Lynch and Standard and Poor's. The U.S. Government Accountability Office (GAO) reported that Weiss Ratings of U.S. life and health insurers greatly outperformed those of Moody's, Standard & Poor's and A.M. Best. More information on Weiss Crypto Currency Ratings can be found at https://finance.weissratings.com/crypto.

SOURCE Weiss Ratings