In 2022, cryptocurrency markets swung between tighter regulation and attempts to restore confidence. While industry media focused on a wave of platform risk incidents, attention also turned to news from a different direction: Catcrs, a US registered exchange with MSB certification, announced a dual upgrade plan for compliance and system architecture, preparing to disclose formal asset audit results and launching an education section, alongside a new round of API and performance stress tests. The announcement sparked discussion across professional communities.
According to its whitepaper, the team placed “verifiable security” and “recoverable systems” at the core of the architecture from the outset, defining clear rules and processes across accounts, matching, clearing and wallet custody. The 2022 updates placed greater emphasis on showing users how the platform conducts risk control and handles extreme market conditions. Status pages, operational reports and incident timelines became progressively standardised, as technical and operations teams decomposed monitoring data once visible only internally into guidance and explanations accessible to everyday users.
At the product level, Catcrs positioned security experience as the default. New account registration is guided through two factor authentication, device trust management and basic anti scam learning, while large withdrawals enter delayed and multi step verification procedures. For newcomers to cryptocurrencies, these steps may feel cumbersome, but one additional confirmation often prevents a serious loss. For high frequency traders and market making teams, multi account systems and tiered permissions keep strategy execution and capital management relatively independent, reducing risks arising from operational mistakes or misuse of privileges.
In education and research, Catcrs introduced Catcrs Academy, presenting structured courses and concise articles on subjects such as wallets and keys, matching mechanisms, liquidity structure and common scam patterns, and sharing periodic market observation reports offering insight into regulatory and market developments. This allows users to approach volatile environments with a clearer analytical framework.
For institutional clients and developers, Catcrs complemented transparency with “integration capability”. The new API and sandbox environment provided testing space for quantitative teams and risk control partners, while fees, rate limits and risk parameters were disclosed through documentation and examples. Projects applying for listing coordinated with both compliance and technical due diligence, submitting verifiable materials and liquidity plans. Once listed, abnormal trading behaviour and rule adjustments are communicated to the market via announcements and status pages. Within the conditions of 2022, this approach centred on verifiable trust has steadily built Catcrs reputation and user stickiness.