CoinW Partners with CoinCover to Strengthen Digital Asset Security
CoinCover's disaster recovery and real-time fraud protection risk engine will give CoinW customers the gold standard for asset security
CoinW, a leading global cryptocurrency exchange, today announces a strategic partnership with CoinCover – a digital asset protection provider – to enhance the security of users’ digital assets. This partnership underscores CoinW’s commitment to protecting funds against risks such as hacking, lost access, and operational disruptions.
CoinCover’s advanced technology, backed by a warranty provided by insurers at Lloyd’s of London, integrates seamlessly with CoinW’s infrastructure to provide a non-custodial disaster recovery solution. This ensures that in the unlikely event of an operational failure, CoinW can swiftly recover access to their users’ assets, maintaining an uninterrupted service.
In addition to disaster recovery, CoinW will benefit from CoinCover’s real-time fraud protection risk engine, which actively monitors transactions to detect and prevent potential security threats. This layer of protection enhances CoinW’s existing fraud detection measures, setting a new standard in asset safety and offering greater reassurance to their users.
“At CoinW, protecting our users’ digital assets is at the heart of everything we do. By partnering with CoinCover, we are taking proactive steps to provide the highest levels of security, ensuring our users can trade with confidence. This collaboration reflects our mission to build trust, transparency, and long-term value for our global community."
Sonia Shaw, President of CoinW
"Stringent protection measures are no longer an option, but an imperative for crypto exchanges. 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."
Anthony Yeung, Global Head of Strategic Development at CoinCover
CoinCover’s involvement reinforces CoinW’s position as a trusted and reliable exchange in a rapidly evolving crypto landscape, where security is paramount. With this partnership, CoinW continues to set itself apart by offering technology-driven asset protection that goes beyond industry standards.