Singapore – Feb 5, 2025 – VOOX, the innovative AI-driven cryptocurrency exchange, is proud to announce the launch of a $100 million Investor Asset Protection Fund, designed to compensate users in case of security breaches or other adversities.
This substantial fund is a testament to VOOX's unwavering commitment to fostering trust and reliability within the cryptocurrency ecosystem. As the digital asset industry continues to navigate challenges, the establishment of this protection fund aims to instill confidence among investors by providing assurance that their assets are safeguarded against the extremely rare scenarios of security breaches and failures.
"While we anticipate significant improvements in crypto regulation globally throughout 2025, we recognize the current gaps in support from authorities concerning hacks and security breaches," said Owen, co-founder of VOOX. "Our Protection Fund, paired with state-of-the-art security practices, represents our dedication to the safety of our users’ assets, ensuring they are protected at all times."
In conjunction with the launch of the protection fund, VOOX is also introducing a robust governance framework to implement the comprehensive risk management strategy to ensure effective management and transparency in the credit and utilization of this fund. This initiative aims to foster steady growth for the fund while providing consistent asset protection for users amidst volatile market conditions. The protection measures not only enhance user confidence but also signal VOOX's evolution as a leading exchange in the digital asset landscape.
"As the cryptocurrency market evolves, we are committed to being at the forefront of innovation, safety, and user-centric services," Owen added. "These initiatives are also proof that VOOX is gradually becoming a leading exchange, positioning VOOX as a trusted partner for traders and investors alike."
For more information about VOOX and its offerings, please visit www.voox.com.
About VOOX
Founded in 2022 and headquartered in Singapore, VOOX Exchange positions itself as "The AI-Driven Exchange that knows you best." The platform offers a comprehensive suite of features aimed at enhancing the trading experience for both novice and advanced traders, including spot trading, margin trading, futures trading, copy trading, and advanced AI trading strategies designed to optimize users' returns.
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