Latest news with #XXKKExchange
Business Insider
5 days ago
- Business
- Business Insider
XXKK Exchange Expands Global Fiat Withdrawal Network: Launches Localized Services in India
This upgrade integrates UPI, IMPS, local wallets, and bank card channels, providing Indian users with fast deposits, instant withdrawals, and multi-fiat-to-crypto conversion services. XXKK Exchange, a leading global cryptocurrency trading platform, today announced the launch of its localized fiat deposit and withdrawal services in India. This upgrade fully integrates UPI, IMPS, Paytm Wallet, PhonePe Wallet, Mobikwik, RuPay cards, Visa/MasterCard, and NEFT bank transfers, aiming to provide Indian users with a safer, faster, and more compliant crypto trading experience while further expanding its influence in blockchain and digital finance. Comprehensive Integration of Indian Payment Channels with Instant Processing This localization upgrade focuses on enhancing the deposit experience for Indian users, offering multiple convenient channels covering instant payment systems, bank transfers, bank cards, and local e-wallets: Instant Payment Systems: Supports UPI (Unified Payments Interface) and IMPS (Immediate Payment Service) for quick, high-frequency deposits. Bank Transfers: Enables NEFT (National Electronic Funds Transfer) for larger deposits, meeting the needs of high-volume traders. Bank Card Payments: Supports RuPay, Visa, and MasterCard for seamless card-based deposits. Local E-Wallets: Integrates Paytm Wallet, PhonePe Wallet, and Mobikwik to accommodate diverse payment preferences. Users can choose from these flexible deposit methods, whether for small, fast deposits or larger transfers, and instantly convert INR into USDT. For withdrawals, XXKK Exchange supports UPI and bank card channels, ensuring instant fund transfers and enabling fast fiat-to-crypto conversions. Emmalyn, XXKK's Global Head of Markets, stated: 'By covering UPI, IMPS, NEFT, bank cards, and local e-wallets, XXKK offers Indian users an unprecedented range of deposit options with true localization. Paired with instant withdrawals via UPI and bank cards, we've significantly lowered the barriers to crypto trading and accelerated digital asset adoption in India.' Multi-Fiat Support for Global Markets Beyond INR, XXKK Exchange supports crypto trading with multiple fiat currencies, including PHP (Philippine Peso), CNY (Chinese Yuan), USD (US Dollar), EUR (Euro), HKD (Hong Kong Dollar), THB (Thai Baht), and TWD (New Taiwan Dollar), offering a flexible cross-border crypto trading experience for global users. Global Reach with Local Focus The India localization marks XXKK Exchange's latest milestone following localized fiat integrations in the United States, Southeast Asia, the Middle East, and Europe. Backed by a global operational network, XXKK is building a crypto ecosystem that balances global scalability with local market needs. Currently, XXKK Exchange supports 24/7 on-chain withdrawals for multiple cryptocurrencies, including USDT, BTC, ETH, and TRX, with no minimum withdrawal limits for selected assets, giving users enhanced flexibility and security in managing their crypto and fiat assets. Security and Compliance First XXKK Exchange employs institutional-grade security mechanisms such as two-factor authentication (2FA), address whitelisting, real-time risk monitoring, and manual reviews for sensitive actions, ensuring comprehensive fund protection. The platform is also advancing its global compliance strategy, having obtained key international regulatory licenses: U.S. MSB License (No.: 31000222694535) Canada MSB License (No.: M22420435) St. Vincent FSA License (No.: 3393) 'These licenses reinforce XXKK's compliance foundation, establish trust mechanisms for crypto users, and provide a secure infrastructure for the sustainable development of digital finance,' added Emmalyn. Looking Ahead The India localization upgrade represents another step forward in XXKK Exchange's mission to bridge fiat and crypto globally. Going forward, the platform will continue to expand regional payment integrations and leverage blockchain innovation to advance the global crypto trading ecosystem further. XXKK Exchange is a leading multi-asset cryptocurrency trading platform founded by an international team with deep expertise in finance and blockchain. The platform is committed to bridging traditional finance and the Web3 ecosystem through innovative financial products and institutional-grade security, offering users low-cost, efficient, and transparent crypto trading. Users can join XXKK Exchange today to seize market opportunities and experience fast, secure, and low-cost crypto trading.
Business Insider
29-07-2025
- Business
- Business Insider
XXKK Exchange Completes System-Level Security Upgrade to Enhance Asset Protection and Regulatory Readiness
XXKK Exchange, a global crypto trading platform, has successfully completed a comprehensive upgrade to its system-wide security architecture. The update strengthens key components of the platform's trading engine, user protection mechanisms, blockchain-based asset storage, and compliance infrastructure. This milestone reinforces XXKK's commitment to building a multi-layered, institution-grade defense system tailored to the evolving needs of digital asset traders, while aligning with international regulatory frameworks and Web3 infrastructure standards. Amid rising global threats targeting crypto platforms—ranging from smart contract exploits to cross-chain bridge vulnerabilities—XXKK Exchange continues to maintain a zero major incident record. The platform prioritizes proactive, prevention-first security over reactive patching, investing in long-term resilience and sustainable blockchain governance. Key Security Enhancements The upgrade introduces five core improvements: Trading System: A modular, permission-tiered architecture now governs matching engines, risk modules, and transaction channels—limiting lateral threat movement and ensuring fault-tolerant scaling. Key and Asset Management: Next-generation Hardware Security Modules (HSMs) now manage both cold and hot wallet keys, with multi-signature protocols and scheduled key rotation. An asset protection fund has also been launched, offering up to $1 million in compensation for users affected by platform-level failures. User Account Security: Enhanced two-factor authentication (2FA), behavioral login modeling, and real-time detection of high-risk wallet addresses using on-chain reputation analytics now protect user accounts. Real-Time Risk Engine: A dynamic risk engine continuously analyzes blockchain activity, withdrawal patterns, and API traffic. It automatically triggers throttling, freezing, or internal audits in response to suspicious activity—mitigating exposure to DeFi-related attack vectors. Compliance and Transparency: XXKK has launched a quarterly penetration testing program and initiated third-party SOC 2 Type I certification. These efforts lay the groundwork for a transparent, standards-based crypto audit trail. Executive Statement 'User fund protection cannot rely on promises alone—it must be backed by real technical strength,' said Emmalyn, Head of XXKK Exchange. 'We've developed a resilient architecture that incorporates encrypted asset segregation, access control tiers, advanced risk modeling, and continuous auditing. Our asset protection fund also ensures financial recourse in the rare event of system failure.' 'As we scale globally, security is no longer a reactive function—it's the foundation of our infrastructure. We're committed to investing in automated defenses, compliance frameworks, and user risk education to maintain zero-incident operations across all conditions.' Regulatory Licenses XXKK Exchange currently holds the following regulatory registrations: S. MSB Registration: License #31000222694535 (August 5, 2022) Canadian MSB License: License #M22420435 (September 8, 2022) Saint Vincent FSA License: License #3393 (January 23, 2024) Later this year, the platform will publish its inaugural Annual Security and Transparency Report, which will include: Proof of Reserves (PoR) Emergency response protocols Third-party security partnerships Internal control disclosures With the support of a dedicated compensation fund and robust technical safeguards, XXKK Exchange remains focused on achieving its operational goal of 'zero user losses.' About XXKK Exchange XXKK Exchange is a globally leading multi-asset crypto platform, founded by professionals with deep expertise in both traditional finance and blockchain technology. By bridging institutional-grade systems with Web3 innovation, the platform delivers secure, efficient, and compliant crypto trading experiences worldwide. Contact
Business Insider
25-07-2025
- Business
- Business Insider
XXKK Exchange Upgrades Security Architecture to Enhance Asset Protection and Compliance Measures
XXKK Exchange, a global crypto trading platform, today announced the successful completion of a comprehensive upgrade to its system-wide security architecture. The upgrade enhances critical components of the platform's crypto trading engine, user account protection mechanisms, blockchain-based asset storage protocols, and compliance operations. This strategic milestone further reinforces XXKK's commitment to building a multi-layered, institution-grade defense system tailored for the evolving needs of digital asset traders, while aligning with international regulatory and Web3 infrastructure standards. As the crypto industry faces increasing and complex security threats, recent data from on-chain analytics providers shows a consistent surge in digital asset platform losses linked to smart contract vulnerabilities, permission mismanagement, and asset flow exploits—particularly across DeFi protocols and cross-chain bridges. Despite maintaining a zero major incident track record, XXKK Exchange continues to embrace a proactive, prevention-first security philosophy. The platform prioritizes systemic resilience over reactive patching, underscoring its long-term investment in sustainable blockchain security governance. The current upgrade includes five core components: 1. Trading System: A modular, permission-tiered architecture has been implemented across matching engines, risk management modules, and transaction processing channels. This architecture minimizes lateral threat propagation and enables fault-tolerant scaling of the digital asset trading environment. 2. Key and Asset Management: A new generation of Hardware Security Modules (HSMs) has been deployed to manage cold and hot wallet private keys, supplemented by multi-signature protocols and routine key rotation. An on-platform asset protection fund has also been established, offering up to one million USD in compensation for user losses resulting from platform-level failures. 3. User Account Security: Enhanced two-factor authentication (2FA) protocols and behavioral login modeling have been rolled out, in parallel with real-time detection of high-risk wallet addresses using on-chain reputation analysis. 4. Real-Time Risk Engine: A dynamic, behavior-based risk engine continuously monitors blockchain activity, withdrawal flows, and API traffic. The system automatically triggers throttling, freezing, or internal audits in response to suspicious operations — fortifying protection against DeFi attack vectors. 5. Compliance and Transparency: The exchange launched a quarterly penetration testing program and engaged with third-party audit firms to initiate SOC 2 Type I certification procedures. These actions form the foundation of XXKK's long-term goal to establish a transparent, standards-based crypto audit trail. Emmalyn, Head of XXKK Exchange, commented: 'User fund protection cannot rely on promises alone. It must be underpinned by real technical strength. At XXKK, we have built a resilient security architecture that incorporates encrypted asset segregation, tiered access controls, risk modeling, and continuous auditing. We have also introduced a platform-level compensation mechanism to ensure robust financial recourse in the rare event of system failure.' She added: 'As the platform scales globally, security is no longer a reactive function—it is the foundation of our infrastructure design. We will continue investing in automated defense systems, compliance frameworks, and user risk awareness initiatives to ensure zero incident operations across all market conditions.' As the global regulatory wave intensifies, XXKK Exchange proactively launched its compliance roadmap. It obtained the following: U.S. MSB (Money Services Business) registration on August 5, 2022, license number: 31000222694535; Canadian MSB (Money Services Business) authorization on September 8, 2022, license number: M22420435; Saint Vincent FSA (Financial Services Authority) license on January 23, 2024, license number: 3393. Additionally, XXKK Exchange is preparing to publish its first Annual Security and Transparency Report later this year. The report will include: Proof of Reserves (PoR), Emergency response protocols, Third-party security partnerships, and Internal control enforcement disclosures. XXKK Exchange is committed to delivering both technical and institutional safeguards for user funds. With the support of a dedicated asset protection fund, the platform aims to achieve its operational goal of 'zero user losses.' About XXKK Exchange XXKK Exchange is a globally leading multi-asset crypto platform, founded by a team of seasoned professionals with extensive experience in traditional finance and blockchain technology. The platform bridges the worlds of traditional finance and Web3 through a robust matrix of innovative products and an institution-grade security system. 2025 XXKK Exchange. All rights reserved.
