Understanding our climate impact
Cryptocurrencies place a considerable demand on global energy system because of the proof-of-work time stamping scheme that is required to add new blocks to the chain.
While this is improving rapidly through innovation, as an exchange, we recognise not only our role within this cycle but our responsibility to improve it.
Seeking carbon neutral certification through the Climate Active program is one of several steps we’re taking to better understand and address our climate impact. By becoming the first carbon neutral cryptocurrency exchange to be certified by Climate Active for our business operations, we hope to set a new industry standard for others to follow suit.