It was back in 1971 when the U.S rating agency was unveiled. The agency engages in the grading of almost 55,000 institutions and investments including insurance companies, banks, stocks, credit union, ETFs and mutual funds. Weiss Ratings has over a long period of time remained adamant when it comes to accepting compensation in any form from the wide range of entities that it has been rating and that sharply contrasts to Standard & Poor’s, Moody’s, Fitch and A.M. Best.
The latest cryptocurrency ratings happen to be a first time for any rating agency found in the U.S. Trusted sources indicate that all of these ratings have their basis on a model which has been analyzing quite a significant number of data points on each coin’s technology, trading patterns as well as usage.
First and foremost, ratings play a huge role assisting most of the cautious investors to better assess the risks associated with the instrument they all wish to invest in. Secondly, it helps most of the fund managers when it comes to decision making and that is more specifically in line with identifying the most appropriate trades that they are allowed to participate in.
It goes without saying that indeed quite a significant number of cryptocurrencies are overhyped, murky and above all vulnerable to crashes. Currently the market is in desperate need for the sort of clarity that can only be delivered by robust, impartial ratings and that is according to Martin D. Weiss who happens to be the founder of Weiss Ratings.
In a recent interview, they said that he took great pride in the fact that they had become the first ones to bring about the much desired change that will be benefiting investors in a significant way. It will be all about helping them cut through the hype as well as enabling them with the identification of the few truly solid cryptocurrencies.
He went further to assert that their ratings were all based on objective analysis and hard data. These ratings according to several market analysts will soon gain the confidence of people around the globe.
