openPR Logo
Press release

CBASOX Exchange Boosts User Trust with Over 15% Excess Reserve Ratio

07-14-2024 04:02 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Getnews

/ PR Agency: Bit Global News
CBASOX Exchange Boosts User Trust with Over 15% Excess Reserve

CBASOX Exchange [https://www.cbasox.org], a globally renowned cryptocurrency trading platform, has recently announced a significant milestone in its commitment to user asset security. The security reserve fund the platform now maintains an excess reserve ratio exceeding 15%, a development that not only underscores the dedication of CBASOX to safeguarding user assets but also substantially enhances global user trust in the CBASOX trading platform.

Image: https://www.getnews.info/uploads/db0e1501f0dcb72be1f8051a98165bbe.png

As a leader in advanced security technologies and innovative financial products, CBASOX has always prioritized the security of user assets as a cornerstone of its development. By establishing an excess security reserve fund, CBASOX ensures that user assets are fully protected under any circumstances.

Excess reserves mean that in addition to holding 100% of the digital assets stored by users, CBASOX maintains an additional 15% of funds or equivalent value in cryptocurrency. This reserve is designed to mitigate potential financial risks and unforeseen emergencies, thereby enhancing the stability and security of the entire trading platform. This strategy places CBASOX at the forefront of the industry, offering users a more secure and reliable trading environment.

Hart Montgomery, a member of the CBASOX team, stated, "We understand that in the realm of cryptocurrency, user trust in exchanges is invaluable. By establishing an excess security reserve fund, CBASOX aims to demonstrate the steadfast commitment of the platform to security and transparency to users worldwide. It also reflects our deep care for users and our dedication to setting higher safety standards within the industry."

To further enhance transparency, CBASOX plans to utilize Merkle tree technology and conduct regular external audits to verify the authenticity and sufficiency of its excess reserves. This initiative sets a new benchmark for security and trust within the cryptocurrency exchange industry.

Hart also mentioned that CBASOX will continue to invest in the development and application of security technologies while exploring more innovative financial products and services. The goal is to provide global users with a richer and more secure trading experience. CBASOX believes that through continuous effort and innovation, it can significantly contribute to the healthy development of the cryptocurrency market and the security of user assets.

About CBASOX Exchange

Headquartered in the United States, CBASOX Exchange is a globally leading cryptocurrency trading platform offering a wide range of services, including cryptocurrency trading, mining pool services, blockchain investment consulting, project incubation, crypto asset issuance, and blockchain research. With cutting-edge technology and stringent security measures, CBASOX is dedicated to providing global users with a secure, efficient, and convenient cryptocurrency trading experience.

Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media Contact
Company Name: CBASOX DIGITAL TRADE LIMITED
Contact Person: Kim Min-su
Email: Send Email [http://www.universalpressrelease.com/?pr=cbasox-exchange-boosts-user-trust-with-over-15-excess-reserve-ratio]
Country: United States
Website: https://www.cbasox.org



This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release CBASOX Exchange Boosts User Trust with Over 15% Excess Reserve Ratio here

News-ID: 3579806 • Views:

More Releases from Getnews

LS Team Launches Post-Typhoon Relief Fund to Support Reconstruction Efforts in the Philippines
LS Team Launches Post-Typhoon Relief Fund to Support Reconstruction Efforts in t …
Philippines - November 18, 2025 - Following two consecutive and devastating typhoons on November 4 and November 10, the Philippines experienced severe storms, widespread flooding, and extensive damage to homes and infrastructure. In response to this crisis, LS Team swiftly mobilized emergency aid and demonstrated strong corporate social responsibility by launching a dedicated relief and reconstruction initiative to support affected communities. Immediate Disaster Response and Emergency Aid Image: https://storage.googleapis.com/mmstudio-images/gallery/w3vsmsTFm0OJ9cBTyypPagPbEzX2/89176099-1763373469-1.jpg Within hours of the
Bear and BSPK Partner to Transform Retail Commerce Through Unified Digital and In-Store Experiences
Bear and BSPK Partner to Transform Retail Commerce Through Unified Digital and I …
Image: https://www.globalnewslines.com/uploads/2025/11/1763505725.jpg Strategic Alliance Combines Shopify Expertise with AI-Powered Clienteling Platform Bear, a leading Shopify-focused digital agency [https://www.beargroup.com] with 18 years of technical expertise, announces a strategic partnership with BSPK, an advanced unified commerce AI platform [https://www.bspk.com/] serving premium and luxury brands. This collaboration creates a powerful synergy between Bear's eCommerce development capabilities and BSPK's sophisticated clienteling technology [https://www.bspk.com/clienteling101], enabling brands to deliver personalized customer experiences across all retail touchpoints. Partnership Addresses Critical
Pittsburgh's #1 Home Improvement Company Warns: Gutters Shouldn't Be
Pittsburgh's #1 Home Improvement Company Warns: Gutters Shouldn't Be "Stuffed" T …
Powerhouse Home Improvements warns homeowners that with Pittsburgh's early freeze, clogged gutters can quickly lead to leaks, ice dams, and costly damage. To help prevent holiday headaches, they're offering free safety checks, winter readiness reports, and priority service-reminding everyone that stuffing belongs on your plate, not in your gutters. Image: https://authoritypresswire.com/wp-content/uploads/2025/11/Untitled-design.png With Thanksgiving around the corner and National Stuffing Day falling on November 21, Powerhouse Home Improvements-recently named #1 in Pittsburgh-is using
Oscar Health Contracting 2026 in Alabama and Mississippi Made Simple through FMO BenaVest's AI Insurance Agent Contracting and Appointment Platform
Oscar Health Contracting 2026 in Alabama and Mississippi Made Simple through FMO …
Hollywood, FL - Oscar Health, Inc. ("Oscar") is expanding its ACA health insurance plans and contracting for agents and brokers for the upcoming 2026 Open Enrollment Period, bringing affordable, tech-driven healthcare options to more individuals and families across Alabama and Mississippi. This expansion marks a milestone for Oscar as the company continues its mission to make quality healthcare more accessible. The Oscar experience will now reach 573 counties across 20 states

All 5 Releases


More Releases for CBASOX

CBASOX Sets New Benchmark in Cryptocurrency Security with Groundbreaking AI Tech …
Security has always been a paramount concern in the realm of cryptocurrency trading. Recently, CBASOX Exchange [https://www.cbasox.org] announced a revolutionary advancement in this arena: the successful implementation of an epoch-making artificial intelligence (AI) security technology, establishing a new industry standard for cryptocurrency security. This significant technological breakthrough not only substantially enhances the protective capabilities of the platform but also provides a safer and more reliable trading environment for users worldwide. Image:
CBASOX Introduces Anti-Addiction System to Promote Healthy Cryptocurrency Tradin …
In response to the rapid proliferation of digital currency trading, CBASOX Exchange [https://www.cbasox.org/] has officially introduced an innovative anti-addiction trading system. This initiative aims to protect users from potential trading risks and encourage the development of healthy cryptocurrency trading habits. Image: https://www.getnews.info/uploads/695585398a4dadb2d7fb844fde2b9ad5.png Why is an Anti-Addiction System Necessary? As the cryptocurrency market grows rapidly, investor enthusiasm for trading has soared, leading to issues of excessive trading and addiction. These problems pose potential threats
CBASOX Announces Global Alliance Initiative to Build an Open Cryptocurrency Ecos …
Amidst the continuous growth of the cryptocurrency sector, CBASOX Exchange [https://www.cbasox.org/] has unveiled its "Global Alliance Initiative," aimed at expanding its global influence and enhancing ecosystem collaboration. This initiative underscores the commitment of CBASOX to fostering open cooperation and creating a mutually beneficial ecosystem. Image: https://www.getnews.info/uploads/55afd6b5f1e5df2a735b629bd97654ba.png CBASOX Exchange has consistently dedicated itself to providing users with a secure and efficient trading experience while driving innovation and development within the cryptocurrency industry. Through
CBASOX Becomes a Cryptocurrency Exchange with Both Canadian and US MSB Licenses
In a pivotal moment for the maturing and globalizing cryptocurrency industry, CBASOX Exchange [https://www.cbasox.org/] recently announced that it has officially obtained the Money Services Business (MSB) license from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This follows its prior acquisition of the MSB license from the Financial Crimes Enforcement Network (FinCEN) of the US Treasury. This development makes CBASOX one of the few international cryptocurrency exchanges to
CBASOX Successfully Renews FinCEN MSB License Strengthening Compliance Operation …
CBASOX Exchange [https://www.cbasox.org/] has announced the successful renewal of its Money Services Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN) of the United States. This renewal extends the license validity until January 9, 2027, following its initial acquisition in 2021. Image: https://www.getnews.info/uploads/2c934e876a39d2673ba7592023856a48.png The initial acquisition of the FinCEN MSB license in 2021 marked the formal entry of CBASOX into the US market, demonstrating compliance with stringent American financial regulations.
CBASOX to Recruit 200 New Employees Expanding Global Business
Amid the rapid development of the cryptocurrency sector, CBASOX Exchange [https://www.cbasox.org/] has announced a new expansion plan to recruit 200 new employees. This initiative aims to bolster its operations in key regions including Europe, South America, and Asia. The recruitment drive will encompass various fields such as operations, compliance, and research and development (R&D), and seeks to better meet regional user needs through close collaboration with local partners, thereby promoting