{"id":2639,"date":"2025-06-10T15:42:21","date_gmt":"2025-06-10T15:42:21","guid":{"rendered":"https:\/\/europe.fintechnews.media\/?p=2639"},"modified":"2025-06-10T15:42:21","modified_gmt":"2025-06-10T15:42:21","slug":"bingx-launches-150mln-shield-fund-to-set-a-new-benchmark-for-user-protection","status":"publish","type":"post","link":"https:\/\/europe.fintechnews.media\/?p=2639","title":{"rendered":"BingX launches $150mln shield fund to set a new benchmark for user protection"},"content":{"rendered":"

UAE, Dubai\u00a0<\/strong>\u2013\u00a0BingX<\/a>, a leading global cryptocurrency exchange and Web3 AI company, has introduced the Shield Fund, a permanent $150 million safety reserve designed to safeguard users against unexpected incidents, including technical vulnerabilities, security risks, or malicious cyber threats on the platform. Unlike conventional insurance models, the Shield Fund is entirely self-funded and always active, enabling BingX to respond swiftly and uphold a high level of security for its users. This initiative underscores BingX\u2019s commitment to transparency, accountability, and its unwavering user-first vision.<\/p>\n

Built with long-term sustainability in mind, the Shield Fund features continuous internal audits and dynamic risk assessments. It offers BingX users an added layer of real-time protection and peace of mind, solidifying BingX\u2019s position as a leader in secure and responsible\u00a0crypto trading<\/a>.<\/p>\n

\u201cThe launch of the BingX Shield Fund is a strategic extension of our user-first vision. It is not simply a financial safeguard \u2014 it is a symbol of how we view responsibility at scale,\u201d said Vivien Lin, Chief Product Officer at BingX. \u201cWe are reaffirming our commitment to building a secure, transparent, and forward-thinking trading environment. As our platform grows, so does our duty to empower users with tools and systems that ensure confidence, resilience, and long-term trust.\u201d<\/p>\n

Following the implementation of Proof-of-Reserve, the Shield Fund represents the next chapter in BingX\u2019s ongoing mission to elevate platform integrity and user protection. Together, these initiatives form a robust foundation for a more transparent, secure, and accountable trading environment. Looking ahead, BingX remains committed to delivering proactive safety measures and pioneering infrastructure innovations to safeguard user interests.<\/p>\n

About BingX<\/strong><\/h2>\n

Founded in 2018, BingX is a leading\u00a0crypto exchange<\/a>\u00a0and Web3 AI company, serving a global community of over 20 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent\u00a0trading platform<\/a>, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship.<\/p>\n

For media inquiries, please contact: media@bingx.com
\nFor more information please visit: https:\/\/bingx.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"

UAE, Dubai – BingX, a leading global cryptocurrency exchange and Web3 AI company, has introduced the Shield Fund, a permanent $150 million safety reserve designed to safeguard users against unexpected incidents, including technical vulnerabilities, security risks, or malicious cyber threats on the platform. 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