After gaining some recognition on Wall Street, cryptocurrencies have attracted the interest of asset rating agencies. Last week, Florida-based Weiss Ratings released a report that assigned grades to dozens of cryptocurrencies based on a number of metrics, like risk, technological innovation, and other fundamentals.
There were a couple of surprises to the report. One of them was that none of the cryptocurrencies rated received an “A.” Another surprise was that Ethereum received a higher grade than Bitcoin and Ripple.
How trustworthy are Weiss ratings? Investment and cryptocurrency experts are divided.
“Very trustworthy,” says David Drake, a crypto asset expert. “It is the first step for more ratings to come out on cryptocurrencies.”
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