SOC 2 Type 1 Certification is an independent audit standard developed by the American Institute of Certified Public Accountants (AICPA) focused on controls relevant to security, availability, processing integrity, confidentiality, and privacy of customer data.

For CoinGecko, obtaining SOC 2 Type 1 Certification entails:

• Independent audit of controls: Verifying that CoinGecko has effective policies, procedures, and systems in place to protect the information it processes.
• Snapshot in time: Type 1 evaluates these controls at a specific point rather than over an extended duration.
• Security focus: Emphasizes robust security controls, data integrity, and risk management frameworks to safeguard sensitive information.

How does this milestone enhance trust and security for CoinGecko users?

• Demonstrates commitment: CoinGecko's voluntary compliance signals its dedication to best-in-class security and operational practices.
• Boosts credibility: Institutional investors, enterprises, and developers are more likely to trust a platform that meets rigorous industry standards.
• Assures users: Users are reassured that their data—whether via API feeds, portfolio management, or personal information—is managed with strong controls.
• Market differentiation: SOC 2 compliance distinguishes CoinGecko from competitors who may not adhere to such high standards, attracting serious partners and clients.
• Improves transparency: Aligns with CoinGecko’s long-standing mission of transparency and trust in the crypto data space.

If you need more up-to-date details or want to see how the community is reacting to this SOC 2 Type 1 Certification achievement, let me know and I can search recent discussions for you.