- BingX has introduced a $150 million Shield Fund to protect users from cyber threats and extreme market volatility.
- The fund operates independently with continuous audits and risk assessments.
- This initiative builds on BingX’s Proof-of-Reserve efforts, reinforcing its transparency, security, and user-first innovation.
BingX, a leading global crypto exchange, has launched a permanent $150 million Shield Fund, which provides enhanced protection for its users against cyber threats and periods of extreme market volatility. What makes this fund noteworthy is that it’s entirely self-funded by BingX and will remain continuously active.
Unlike traditional insurance or contingency funds, BingX’s Shield Fund operates independently, without relying on external backing. The exchange says this structure allows for immediate and decisive action when crises arise.
This initiative is part of the company’s commitment to maintaining a secure and transparent trading environment for its users. The goal, BingX states, is to ensure users have peace of mind regardless of market conditions.
Shield Fund Offers Proactive Risk Management, Independent Action
The Shield Fund is designed with long-term sustainability at its core. It features ongoing internal audits and dynamic risk assessments, which allow BingX to adapt to evolving market challenges and cyber risks. This fund complements BingX’s existing Proof-of-Reserve system.
Vivien Lin, Chief Product Officer at BingX, emphasized the importance of the Shield Fund beyond financial security:
“The launch of the BingX Shield Fund is a strategic extension of our user-first vision. It is not simply a financial safeguard but a symbol of how we view responsibility at scale.”
She added that as BingX grows, so does its responsibility to empower users with the tools and systems necessary to foster confidence and resilience in their trading experience.
Related: Meet BingAI: BingX’s AI Revolution in Crypto Trading
BingX’s AI Revolution in Crypto Trading
Last month, BingX launched BingAI, an intelligent trading assistant offering real-time insights, strategic recommendations, and personalized support for traders of all levels. As the centerpiece of BingX’s AI Evolution strategy, BingAI is designed to be a trusted companion throughout the trading journey.
Powered by big data and financial expertise, BingAI helps users navigate every step, from market analysis and trend forecasting to smart position evaluation and trade execution.
It provides conversational real-time strategy advice, delivers timely news briefings, suggests top traders to follow, and offers in-depth trade reviews to improve future decisions.
Vivien Lin, Chief Product Officer at BingX, describes BingAI as a “natural extension” of the company’s user-first mission. It empowers traders to make smarter decisions amid market volatility with advanced AI-driven tools.
Move Builds on BingX’s Focus on Innovation and Trust
Founded in 2018, BingX serves over 20 million users worldwide. It offers a range of AI-powered crypto trading products, including spot trading, derivatives, and copy trading.
The platform’s commitment to innovation and trust has helped it stand out, with notable milestones such as becoming the official crypto exchange partner of Chelsea Football Club in 2024.
The Shield Fund initiative represents the next chapter in BingX’s mission to pioneer proactive safety measures and infrastructure innovations, aiming to protect users’ interests in a rapidly evolving crypto landscape.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
