WARSAW, POLAND, Nov. 25, 2022 (GLOBE NEWSWIRE) — XBO.com, a cryptocurrency exchange that makes the benefits of crypto more accessible to everyone, reassures its users that their funds are safe on the exchange, promising that mishandling of funds is impossible. . XBO.com is working on a proof-of-reserve protocol and keeping all of its users’ assets 1:1 in separate accounts through a partnership with Fireblocks on its newly launched platform that integrates a gaming user interface and the best security solutions. offer traders a convenient and reliable alternative to existing exchange platforms.
As Bitcoin and Ethereum hit new lows that have not been seen since 2020, the crypto world is licking its wounds after the collapse of well-known market players. After major centralized exchange Binance pulled out of a deal to rescue the second largest industry partner following reports of mishandling of customer funds, investor confidence in centralized crypto exchanges has plummeted. As many have pointed out, it was the mismanagement and use of one’s own token as collateral that led to the downfall of the exchange, not the failure of the centralized exchange business model or underlying technology.
Today, XBO.com assures users that such a prospect is not even possible on its platform. XBO.com does not have its own token. XBO.com satisfies the need for a convenient and affordable platform for trading cryptocurrencies. Using a close knowledge of the pain points of crypto users and a deep understanding of the UX of social games, XBO.com makes buying and selling digital assets simple and enjoyable for both amateurs and experienced crypto users who find traditional crypto trading platforms intimidating.
“The contagion effect is primarily unfavorable for investors in the crypto market, but users’ fear of centralized exchanges is now affecting the entire crypto industry,” says XBO.com CFO Dor Maman. “We want to assure XBO users that their assets are safe and held at a 1:1 ratio and not subject to currency fluctuations. We hold ourselves to the highest industry standards in terms of compliance and safety and always put our users first.”
XBO is a cryptocurrency exchange platform built for all types of crypto investors. The platform provides a secure trading environment with advanced verification measures designed to speed up the loading process, as well as the ability to customize visuals with either a simple display for beginner traders or a detailed view for more experienced traders. The exclusive reward system ensures that traders are compensated for their active participation as well as the opportunity to profit from a variety of trading styles. For more information visit: https://www.xbo.com/