BingX, the leading social trading network, impresses with innovative financial products such as the Infinity Grid and Copy Trading. But that’s not all, as BingX is on a larger mission: restoring investor confidence and encouraging the development of an open crypto industry.
It is our responsibility to help our customers get to know the platform and feel safe. They should only trade on regulated and licensed exchanges or ones that will provide them with verification if required.
Elvisco Carrington, BingX PR and Communications Director
Therefore, BingX reaffirms its total commitment to sustainable development, which always puts customer safety first. In this context, the crypto exchange leads a Proof of reserve through. This is evidence that provides an unbiased picture of a crypto exchange’s financial health and is verified by an outside source. This helps customers worldwide to make informed decisions.
Check in real timethat your assets are safe with BingX.
Confirm Proof of Reserves: BingX is secure
The outside source that verified the Proof of Reserves is Mazars. It is a leading international audit, tax and consulting firm. With a presence in over 90 countries and extensive experience in the crypto sector, Mazar conducted the Proof of Reserves with BingX, thus helping to ensure that only credible platforms operate in the crypto market.
POR offers customers more security for their assets. It’s not the only tool to prove that everything is fine. But we will never hesitate to provide anything that can foster customer trust and increase transparency.
Elvisco Carrington, BingX PR and Communications Director
The result of the Proof of Reserves? BingX customers’ cryptocurrency holdings are collateralized at collateral rates of 132 percent, 122 percent, 186 percent, and 112 percent for BTC, ETH, USDC, and USDT, respectively. Everything is transparently proven by blockchain technology, because BingX puts customer security first.
A Proof of Reserves uses a cryptographic scheme based on the “Merkle Tree” technique, verifies ownership of public wallet addresses, and performs periodic third-party verification to certify fund reserves on a centralized platform.
You can find the result on the BingX Merkle Tree Verifier Page.
We hope this Mazars verified POR can help legitimize the industry and regain trust in the investor community. It may be turbulent and dark times outside, but BingX is trying to stabilize the ship.
Elvisco Carrington, BingX PR and Communications Director
About BingX
Founded in 2018, BingX has since established itself as the leading crypto exchange offering spot, derivatives, copy and grid trading services in more than 100 countries and regions worldwide. Over 5 million users trust BingX because security and transparency are top priorities for the crypto exchange.
In addition, the focus is on innovative trading products that help crypto beginners through the hard times of the crypto market. underneath Grid trading and Copy trading. BingX connects users with experienced traders in a safe, simple and transparent way. Thus, it is committed to building a secure, simple and reliable platform that provides incentives and opportunities for all users to get the most out of cryptocurrency trading.
Visit the official homepage of BingX and learn more.
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