US Rating Agency will issue letter grades on Cryptocurrencies

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.