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

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, insured through Lloyd’s of London, now partners with CoinW to provide comprehensive asset protection.

Key Highlights of the Partnership

• CoinCover provides comprehensive digital asset protection, backed with a warranty.
• Real-Time Fraud Detection: CoinCover’s advanced risk engine integrates seamlessly with CoinW’s platform, continuously monitoring transactions for potential threats.
• Enhanced User Trust: CoinCover’s monitoring capabilities are backed by a warranty, which enables users to reclaim the value of assets lost as a result of unidentified fraudulent transactions (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.”

“Stringent protection measures are no longer an option, but an imperative for crypto exchanges.” said Anthony Yeung, Global Head of Strategic Development at CoinCover. “As more members of the public begin to engage with digital assets for the first time, the industry has a collective responsibility to reassure investors that their funds are safe and secure. Our own research found that concerns around fraud and hacking are two of the biggest barriers to adoption, so addressing these challenges will be key to attracting new users and fostering a sustainable digital asset ecosystem. This partnership will give CoinW’s customers unparalleled protection and represents another important milestone in our mission of building greater trust and confidence in crypto.”

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

Blockchain technology is revolutionising the way industries operate, enabling greater transparency, security, and efficiency across various sectors. However, it brings its own set of unique risks. CoinCover exists to ensure everyone is protected, enabling them to invest and innovate freely.

CoinCover provides complete digital asset protection, addressing the most significant barrier to mainstream adoption: trust. Our protection ensures that access and assets are never lost.

Founded in 2018, CoinCover is backed by leading fintech and blockchain investors. Today, we help over 500 of the biggest names in blockchain, including Fireblocks, BitGo, and Ledger, protect themselves and their customers from theft, hacking, and human error.

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.