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.
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.