Global cryptocurrency exchange WEEX has been named Most Secure Crypto Exchange at the CoinGape Web3 Innovation Awards 2026, recognizing the platform’s Proof of Reserves system, 1,000 BTC Protection Fund, and broader approach to safeguarding user assets.

WEEX’s security framework centers on public verifiability rather than institutional trust alone — publishing on-chain wallet addresses, reserve ratios, and fund allocations that users and third parties can independently confirm at any time.

A 1,000 BTC Protection Fund, Fully Backed and Publicly Verifiable

At the core of WEEX’s security model is its Protection Fund, a 1,000 BTC reserve set aside to cover user losses in the event of a security incident that is not the user’s fault. The fund’s wallet addresses are public, allowing anyone to verify its holdings on-chain. It is fully backed by WEEX and kept strictly segregated from operational funds, allowing the exchange to cover eligible losses directly rather than relying on external processes.

Proof of Reserves: Independently Verifiable, Asset by Asset

WEEX maintains a Proof of Reserves system covering its major holdings, with the latest published reserve ratios of approximately 102% for USDT, 115% for ETH, 122% for BTC — each figure independently verifiable through WEEX’s public wallet addresses. Reserve ratios above 100% indicate that WEEX holds more of a given asset than is owed to users on the platform.

Cold Storage and Account-Level Protections

Over 95% of client assets are held in multi-signature cold storage, offline and inaccessible to remote attackers. At the account level, WEEX offers two-factor authentication, withdrawal-specific passwords, email and SMS verification codes, and wallet whitelisting, giving users multiple layers of control over how their funds move.

Recognition From the Industry

The CoinGape Web3 Innovation Awards recognized WEEX specifically for combining Proof of Reserves with its 1,000 BTC Protection Fund — a combination the awards noted as distinct from the industry norm, where robust security typically comes bundled with mandatory identity verification.

Trust isn’t something WEEX asks for. It’s something WEEX proves — one verifiable block at a time.

Disclaimer: Cryptocurrency trading carries significant market risk, including potential loss of principal. Proof of Reserves and Protection Fund figures are subject to change; users should refer to WEEX’s official Protection Fund page for current, real-time data. This release is for informational purposes only and does not constitute financial or investment advice.

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era delivering real time AI news, empowering users with AI trading tools, and exploring innovative trade to earn models that make intelligent trading more accessible to everyone.

Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

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Source: BeInCrypto