Coinex Enhances
Transparency and Protect
User Asset Security With Updated
AssetReserve
Ratio
Coinex Enhances Transparency and Protect User Asset Security With Updated
Asset Reserve Ratio
by Bitcoinist
8 mins ago
in Press releases
0
CoinEx , a leading crypto exchange, announced the update of its Asset Reserve
Ratio on 24th June 2024 15:00 (UTC+8). This advancement underlines CoinEx’s
commitment to enhancing transparency, security, and trust within the
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта community.
Through the deployment of the Merkle Tree structure, this procedure allows
every user to verify their assets whether included in the Merkle Tree, to
authenticate the data s validity for secure verification of asset
reserves. The latest data published by CoinEx, shows it holds a 1:1 reserve
ratio. CET reached 113.31%, while the reserve ratios for mainstream assets
such as USDT, USDC, BTC, and ETH have all exceeded 100%. This means for every
$1 of assets deposited by users, CoinEx reserves at least an additional $1 to
ensure the platform has sufficient funds to meet user withdrawal demands.
Currently, CoinEx proves its reserve of CET, USDT, USDC, BTC, ETH, and DOGE.
CoinEx always prioritizes user asset security and has maintained a 100%
reserve ratio for the past seven years since 2017. The update is an essential
metric that reflects CoinEx s dedication to ensuring user funds
safety and maintaining a healthy investing environment.
For more information on the updated Asset Reserve Ratio and the Merkle Tree
structure, please visit here .
All-rounded Security Measures for a Safer Experience
Aside from updating its Asset Reserve Ratio, CoinEx is actively constructing
its security system and upholds the “User First” principle. The CoinEx
security team uses a variety of advanced mechanisms to balance convenience and
security in hot and cold wallets, including multi-signature protocols,
physical separation of systems, real-time monitoring, and automated alerts.
CoinEx also established a Shield Fund which dedicates 10% trading fees to
further securing the integrity of user assets against extreme risks. CoinEx
has collaborated with top blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн security institutions to form a strategic
security partnership in order to assemble a top-tier security team and build a
solid fortress, equipping the platform with comprehensive security.
About CoinEx
CoinEx was founded in 2017 and upholds the mission to leverage• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Маржинальная торговля the
transformative power of blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн technology, guided by “user first” brand
ethos. CoinEx boasts a selection of trading options for BTC, stablecoins, and
1,000+ cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта. The platform ensures rapid and stable performance
across 200+ countries, alongside seamless deposit and withdrawal processes.
CoinEx is dedicated to providing a gateway to the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта world with
multi-language support for global users. Dedicated to meet the diverse needs
of all users by expanding the offerings to include a range of derivatives like
Futures, Margin Trading• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Маржинальная торговля, Automated Market Making (AMM), Financial Accounts,
Strategic Trading, and Crypto Loans, enhancing users’ comprehensive portfolio
of products and services.
Disclaimer: This is a paid release. The statements, views and opinions
expressed in this column are solely those of the content provider and do not
necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the
accuracy or timeliness of information available in such content. Do your
research and invest at your own risk.
