CoinW Announces Strategic Partnership with CoinCover to Elevate User Asset Security and Protection with Insurance-Backed Recovery Warranty

November 25, 2024 — London

CoinW, a leading global cryptocurrency exchange, has formed a strategic partnership with CoinCover, a world-renowned provider of digital asset protection services. This alliance enhances the security and reliability of CoinW’s platform, introducing cutting-edge fraud prevention, risk monitoring, and robust asset protection measures for its global user base.

As the crypto landscape evolves, ensuring the safety of users’ digital assets has become more critical than ever.CoinCover, backed by the insurance giant Lloyd’s of London, now partners with CoinW to provide comprehensive asset protection.

Key Highlights of the Partnership

• $7.5 Million Asset Protection: CoinCover provides comprehensive digital asset protection with a warranty of up to US $7.5 million.
• Real-Time Fraud Detection: CoinCover’s advanced risk engine integrates seamlessly with CoinW’s platform, continuously monitoring transactions for potential threats.
• Enhanced User Trust: The warranty extends beyond CoinCover’s monitoring capabilities, enabling users to reclaim assets lost due to unidentified risks (subject to Coincover’s claim requirements) , fostering a more secure and reliable environment on CoinW.

“At CoinW, we prioritize the safety and trust of our users above all else,” said Sonia Shaw, President of CoinW. “Partnering with CoinCover allows us to provide state-of-the-art digital asset protection services that set new standards for security in the cryptocurrency space. This collaboration reinforces our mission to create a secure, transparent, and innovative platform for our global community.”

“Security and trust are at the heart of driving wider cryptocurrency adoption,” said Anthony Yeung, Global Head of Strategic Development at CoinCover. “With our $7.5 million asset warranty, advanced fraud detection, and disaster recovery solutions, we are empowering CoinW users with comprehensive protection and peace of mind. Our partnership ensures that users can confidently trade, knowing their assets are safeguarded against both known and unforeseen risks, setting a new benchmark for security in the crypto industry.”

This partnership cements CoinW’s position as a trusted leader in the cryptocurrency space, showcasing its commitment to leveraging advanced technologies to deliver the highest levels of user protection.

About CoinW

CoinW is a global cryptocurrency exchange offering a wide range of services, including spot and futures trading, advanced trading bots, and a fiat gateway. Known for its high liquidity and scalable infrastructure, CoinW is committed to providing fast, secure, and user-friendly trading experiences.

About CoinCover

CoinCover is a global leader in digital asset protection services, providing solutions for fraud prevention, disaster recovery, and insurance-backed warranties. Trusted by institutions and individuals worldwide, CoinCover’s mission is to make digital assets safer and more accessible, enabling greater trust and confidence in the crypto space.

Disclaimer: Asset recovery requests and related claims will be handled based on specific circumstances. The scope and conditions of any compensation must comply with Coincover’s applicable standards and be submitted for review and approval in accordance with its claims process.