BingX Launches $150 Million Shield Fund Setting a New Standard for User Protection in the Cryptocurrency Space
BingX, a leading global cryptocurrency exchange and pioneer in Web3 AI, today announced the launch of the Shield Fund, a $150 million safety reserve fund. This groundbreaking initiative aims to further protect users from unforeseen cybersecurity threats and extreme market volatility.
Unlike traditional insurance models, BingX’s Shield Fund is fully self-funded, always on standby, and operates 24/7. As a result, BingX can respond immediately in crisis situations, demonstrating the “user-centric” principle in all development strategies.
“The launch of the BingX Shield Fund is a strategic step in realizing our vision of putting users first. It is not only a financial hedge but also a strong statement of our responsibility and transparency,”
Vivien Lin, Director of Product at BingX.
Transparent Flexible Sustainable
Designed for long-term sustainability, the Shield Fund integrates continuous internal auditing, dynamic risk assessment, and real-time updates to adapt to changing market conditions. In doing so, BingX provides users with an enhanced layer of defense and peace of mind when trading on the platform.
Along with the previous implementation of Proof-of-Reserve, the Shield Fund is the next step in BingX’s mission to enhance the integrity of the ecosystem and lay the foundation for a transparent, safe, and responsible trading environment.
Committed to Innovation and Proactive Safety
Amid the growing cybersecurity risks and fraud incidents in the cryptocurrency industry, BingX aims to lead the way in building a proactive protection system, rather than a reactive one. The company will continue to invest in infrastructure, AI technology, and monitoring tools to maintain the highest standards of security and trust.
About BingX
Launched in 2018, BingX is now one of the world's leading cryptocurrency exchanges, with over 20 million global users. The platform offers a comprehensive range of products, including derivatives, spot trading, copy trading, and Web3 AI-powered solutions. BingX caters to a wide range of needs from novice investors to experts, and is committed to providing a smart, safe, and efficient trading experience.
In 2024, BingX marked a milestone by becoming the official cryptocurrency exchange partner of Chelsea Football Club, consolidating its position in the global market and expanding its influence in the field of sports sponsorship.