BingX Steps Up User Protection with Permanent $150M Self-Funded Reserve
- BingX has introduced a $150 million Shield Fund to protect users from cyber threats and extreme market volatility.
- The fund operates independently with continuous audits and risk assessments.
- This initiative builds on BingX’s Proof-of-Reserve efforts, reinforcing its transparency, security, and user-first innovation.
BingX, a leading global crypto exchange, has launched a permanent $150 million Shield Fund, which provides enhanced protection for its users against cyber threats and periods of extreme market volatility. What makes this fund noteworthy is that it’s entirely self-funded by BingX and will remain continuously active.
Unlike traditional insurance or contingency funds, BingX’s Shield Fund operates independently, without relying on external backing. The exchange says this structure allows for immediate and decisive action when crises arise.
This initiative is part of the company’s commitment to maintaining a secure and transparent trading environment for its users. The goal, BingX states, is to ensure users have peace of mind regardless of market conditions.
Shield Fund Offers Proactive Risk Management, Independent Action
The Shield Fu…
The post BingX Steps Up User Protection with Permanent $150M Self-Funded Reserve appeared first on Coin Edition.
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BingX Steps Up User Protection with Permanent $150M Self-Funded Reserve
- BingX has introduced a $150 million Shield Fund to protect users from cyber threats and extreme market volatility.
- The fund operates independently with continuous audits and risk assessments.
- This initiative builds on BingX’s Proof-of-Reserve efforts, reinforcing its transparency, security, and user-first innovation.
BingX, a leading global crypto exchange, has launched a permanent $150 million Shield Fund, which provides enhanced protection for its users against cyber threats and periods of extreme market volatility. What makes this fund noteworthy is that it’s entirely self-funded by BingX and will remain continuously active.
Unlike traditional insurance or contingency funds, BingX’s Shield Fund operates independently, without relying on external backing. The exchange says this structure allows for immediate and decisive action when crises arise.
This initiative is part of the company’s commitment to maintaining a secure and transparent trading environment for its users. The goal, BingX states, is to ensure users have peace of mind regardless of market conditions.
Shield Fund Offers Proactive Risk Management, Independent Action
The Shield Fu…
The post BingX Steps Up User Protection with Permanent $150M Self-Funded Reserve appeared first on Coin Edition.
Read More
Bitcoin’s Potential Surge to $150,000 Sparks Debate