BingX Launches $150 Million Shield Fund for User Protection

BingX, a prominent global cryptocurrency exchange and Web3 AI company, has unveiled the Shield Fund, a permanent $150 million safety reserve aimed at protecting users from unexpected cyber threats and extreme market volatility. This fund is distinct from traditional insurance models as it is entirely self-funded and remains active at all times, allowing BingX to respond promptly during crises. This move highlights BingX’s dedication to transparency, accountability, and its user-centric vision.

The Shield Fund is designed with long-term sustainability in mind, featuring continuous internal audits and dynamic risk assessments to adapt to changing market conditions. It provides BingX users with an additional layer of real-time protection and peace of mind, reinforcing BingX’s leadership in secure and responsible crypto trading.

Vivien Lin, Chief Product Officer at BingX, emphasized the strategic significance of the Shield Fund. “The launch of the BingX Shield Fund is a strategic extension of our user-first vision. It is not simply a financial safeguard — it is a symbol of how we view responsibility at scale,” Lin stated. “We are reaffirming our commitment to building a secure, transparent, and forward-thinking trading environment. As our platform grows, so does our duty to empower users with tools and systems that ensure confidence, resilience, and long-term trust.”

Following the implementation of Proof-of-Reserve, the Shield Fund marks the next phase in BingX’s mission to enhance platform integrity and user protection. These initiatives collectively form a strong foundation for a more transparent, secure, and accountable trading environment. BingX remains dedicated to delivering proactive safety measures and pioneering infrastructure innovations to safeguard user interests.

Founded in 2018, BingX serves a global community of over 20 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent trading platform, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship.