BingX, one of the largest global cryptocurrency exchanges and Web3 Artificial intelligence companies, has launched the Shield Fund, an eternal 150 million US dollar safe reserve that will protect users against unprecedented cyber attacks and undesirable changes in the market. The Shield Fund is not like other traditional insurance systems because it is fully self-funded and continuously operating in that BingX can react quickly in case of a crisis. This move reaffirms BingX transparency, accountability and its vision of which it always puts its user first.
The Shield Fund was created with a long-term perspective on sustainability that allows a steady internal audit and dynamic risk assessment as a response to the changes in the market. It provides BingX users with an extra provision of real-time security and confidence in their trading, as BingX continues to establish its position as a leading secure and responsible crypto exchange.
“The BingX Shield Fund is a new initiative that is deemed as an extension of the user-first philosophy. It is not only a financial security measure – it is a representation of how we look towards responsibility in scale,” shared Vivien Lin, Chief Product Officer at BingX. “This is our pledge again to develop a safe, open and progressive trading environment. The bigger the platform gets, the greater is our responsibility to empower users with the tools and systems that inspire confidence, resilience and long-term trust.”
The Shield Fund is the new phase of the mission BingX pursues of enhancing integrity of the platforms and protecting users that followed the implementation of Proof-of-Reserve. All these efforts create a strong basis of more transparent, safer, and responsible trading environment. In future, BingX is determined to continue bringing proactive safety and breakthrough infrastructure innovations to protect user interest.
About BingX
Since 2018, BingX has been a dominant crypto exchange and Web3 AI organisation with over 20 million users all over the world. By offering a full portfolio of AI-enhanced products and services such as derivatives, spot trading and copy trading, BingX is able to support the ever-changing demands of its users of every experience level, whether a novice or a pro. Dedicated to establishing a reliable and smart trading platform, BingX grants investors ground-breaking tools able to improve performance rate and confidence. In 2024, BingX is honoured to announce its official partnership with the Chelsea Football Club as the crypto exchange team and look forward to entering the sports sponsorship industry.
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