On April 2018, the number of crypto exchanges on the market had exceeded 500. Today, there are as many as 417 exchanges globally with a daily turnover of more than 10 million, whereby the TOP 30 exchanges account for 82% of the entire market’s trading volume, ushering in a new era of professional exchange platforms with accelerated development times.
However, exchanges continue to store user assets on their platforms, making them easy targets for criminal hacking and theft. As a result, according to some statistics, exchanges have lost more than USD 2 billion.
This is where blockchain technology and service provider ChainUP hopes to help. Offering requisite support behind such expedited growth, it allows platforms to develop and function securely, putting users’ minds at ease.
Over the past two years since ChainUP has been established, it has served more than 300 exchange customers, providing smooth functionality with zero security incidents. It has contributed in no small way to the breakthrough of these exchanges, who have stood out from the thousands of platforms.
ChainUP has a set of special risk control systems, conducting all-round risk management of the system. It also provides three-way reconciliation of finances, real-time monitoring of fund security in wallets, active security interventions, intelligent monitoring of asset circulation, withdrawal blocks, defense against DDoS attacks, traffic cleanup and 30-over other defense mechanisms.
The blockchain technology services provided by ChainUP not only provides solid technical backing for new exchanges, it also saves high technical and maintenance costs, allowing the team to focus more on the operation of the exchange, while contributing to the overall security of the industry and allowing investors to invest with peace of mind.