Ping Exchange has recently made waves in the crypto trading landscape by initiating its trading operations on January 1st. This new entrant in the industry brings a unique feature to the table: the integration of CorePass ID for user authentication. By leveraging the Core Blockchain ecosystem, Ping Exchange offers users a decentralized digital identity that ensures secure and efficient trading. This groundbreaking system transforms the login process, replacing traditional methods like two-factor authentication (2FA) with a blockchain-secured identity, providing users with rapid and passwordless access.
The integration of CorePass ID by Ping Exchange brings about swift market access and enhanced security. The exchange’s blog highlights the use of CorePass ID to protect users’ personal information on the blockchain by converting it into an identity NFT (Non-Fungible Token). By doing so, Ping Exchange ensures that personal data remains secure and tamper-proof, instilling a newfound trust in the trading process.
In addition to its innovative login system, Ping Exchange distinguishes itself by featuring a built-in HD wallet. This wallet simplifies transactions by enabling immediate withdrawals and deposits of the exchange’s native cryptocurrencies, XCB and CTN. With this seamless integration, users can conveniently manage their digital assets, providing them with a hassle-free trading experience.
Compliance Made Easy
Ping Exchange takes pride in its cutting-edge compliance platform, developed in collaboration with CorePass and Core Blockchain. This user-friendly platform incorporates various regulatory requirements, such as KYC (Know Your Customer), AML (Anti-Money Laundering), PEP (Politically Exposed Person), and sanctioned user management. By adapting to local and international regulations, Ping Exchange ensures that it remains compliant in a dynamic regulatory environment. This commitment to compliance instills confidence in users, knowing that their transactions are conducted within a secure and regulated framework.
A Tiered System for User Privileges
Ping Exchange introduces a tiered system that offers users different withdrawal limits and privileges based on their level of verification and financial background. This system allows users to tailor their trading experience based on their specific needs and preferences. By providing options for tiered access, Ping Exchange caters to both individual traders and institutions, accommodating a wide range of user profiles.
Users of CorePass ID have the opportunity to unlock additional benefits within the Ping Exchange ecosystem. By utilizing CTN tokens, users can purchase verification vouchers, which are then assigned to their wallets. These vouchers serve as proof of verification, allowing users to access various applications like Ping Exchange for user registration, KYC, and AML purposes. Notably, this innovative approach ensures that users retain ownership of their data and are even rewarded for sharing information with third parties. Unlike common web2 applications, where user data is often given away for free, Ping Exchange’s approach empowers users by allowing them to control and monetize their own data.
XCB and CTN: The Native Cryptocurrencies
Ping Exchange introduces XCB and CTN as its native cryptocurrencies, making it the first platform to trade these tokens. Core Coin (XCB) is remarkable for its eco-friendly Proof-of-Work algorithm and high transaction speeds, positioning it as a sustainable alternative in the ever-growing crypto space. Core Token (CTN) serves as a utility token within the Core ecosystem, facilitating transactions and data exchanges across various services. The availability of these cryptocurrencies in multiple trading pairs, including ETH, BTC, LTC, and USDC, further expands the trading options for users on the Ping Exchange platform.
Ping Exchange is revolutionizing the crypto trading landscape with the integration of CorePass ID. By prioritizing security, convenience, compliance, and user empowerment, Ping Exchange offers a comprehensive and user-centric trading experience. With the introduction of XCB and CTN, users have access to a diverse range of trading pairs, enabling them to explore new investment opportunities within the platform. As the crypto industry continues to evolve, Ping Exchange has positioned itself as a forward-thinking platform that pushes the boundaries of innovation and sets new standards for the industry as a whole.