Why Exchange Protection Funds Matter More Than Ever
In crypto, security is everything. That’s why it’s great to see top exchanges stepping up with real protection for users.
Binance set the standard with its SAFU fund back in 2018 a reserve built from trading fees to cover emergencies like hacks. It gave users a safety net and raised the bar for trust in the space.
Now, platforms like BingX is stepping up with its own take: the $150M Shield Fund. Fully self-funded and always active, it’s designed to protect users from system bugs, vulnerabilities, or cyberattacks with zero delays if something goes wrong.
What stands out to me:
100% funded by the exchange no waiting
Ongoing audits & risk checks proactive security
Linked to Proof-of-Reserve full transparency
It’s more than a fund it’s part of a bigger, user-first mission to build a secure and resilient trading platform.
Binance may have started it, but platforms like BingX is clearly pushing things forward.
