CoinEx today unveiled a series of enhanced security measures to fully secure users’ funds and provide the highest level of protection.
“The security of users’ assets is always our priority,” said Haipo Yang, Founder and CEO of CoinEx. “We have implemented deep defense upgrades to our infrastructure, operations and talent to build an impenetrable fortress around our platform”.
Updated and improved asset security infrastructure
The CoinEx security team uses enhanced mechanisms to balance convenience and security when managing assets in its hot wallets, including:
- multi-signature protocols
- trusted execution environments
- independent infrastructure
- physical separation
- real-time monitoring of abnormal activities
- back up critical information in multiple locations
- automated warning system.
CoinEx’s security team has also enhanced the underlying architecture of the cold wallet through multi-dimensional mechanisms such as a proprietary cold storage system, offline private keys, multi-signature protocols, real-time monitoring of abnormal transactions, strict whitelisting and special hardware authentication, allowing users to use the highest degree of asset protection.
The CoinEx Protection Fund established to protect users’ assets
At CoinEx, advocating “Users First” is the guiding principle. The exchange is fully committed to protecting users’ assets.
The CoinEx Protection Fund protects assets against unforeseen risks and acts as additional protection by allocating 10% of trading costs to insure against possible incidents. Users can trade with peace of mind knowing their assets are safe.
Strategic partnership with leading external security institutions
By uniting the expertise of strategic allies, veterans and emerging talent, CoinEx is preparing for the future of security. That’s why it has entered into a strategic alliance with one of the top cybersecurity leaders, SlowMist Technology.
Collaboration ranges from event tracking, asset tracking, collaborative security research and development, and cross-team knowledge sharing. Ongoing partnerships will continue to strengthen your defenses.
Strengthening the defense with a security committee and experts
CoinEx’s vigilance never wavers when it comes to security. Therefore, the exchange will continue to recruit experienced experts to grow the security team and further strengthen protective measures to provide users with the confidence and robust guarantees needed to fully benefit from the potential of cryptocurrencies.
CoinEx has established a Security Committee dedicated to developing innovative security strategies and implementing strict monitoring procedures. They conduct in-depth risk assessments to identify and mitigate potential threats at an early stage.
Through continuous optimization of our internal security structure and talent, CoinEx provides users with a trading environment that is highly protected by leading technologies.
By tirelessly strengthening security, the exchange allows users to take advantage of all the opportunities in the world of cryptocurrencies with security and peace of mind. The increasingly secure system and infrastructure will enable users to explore industry opportunities with 100% confidence and peace of mind.
About CoinEx
Founded in 2017, CoinEx is a global cryptocurrency exchange committed to simplifying your crypto trading.
The platform offers a variety of services including spot and margin trading, futures, swap, automated market maker (AMM) and financial management services to more than 5 million users in more than 200 countries and regions.
Founded with the original intent of creating a fair and respectful cryptocurrency environment, CoinEx is committed to breaking down the barriers of traditional finance by offering easy-to-use products and services to make crypto trading accessible to everyone.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
