CoinEx, a prominent player in the cryptocurrency exchange sector, has unveiled CoinEx Vault, a self-custodial wallet specifically designed for enterprises, institutions, and affluent individuals. This innovative wallet, launched on July 18, incorporates multi-signature technology and cold wallet structures, allowing for secure offline device signatures, easy asset transfers, staking capabilities, and interactions with decentralized applications (DApps). Supporting over 24 blockchain networks and more than one million tokens, CoinEx Vault is tailored to meet the diverse requirements of large-scale asset management, offering remarkable flexibility.
### Innovative Features for Enhanced Accessibility
A key highlight of CoinEx Vault is its ability to function without the necessity for extra hardware. Users can easily transform any mobile device into a secure offline wallet, simplifying the setup process and significantly improving asset management. The wallet’s security infrastructure features a three-tier isolated architecture along with real-time monitoring and multi-signature protocols, which effectively reduce risks associated with single points of failure, phishing attempts, and cyber threats. In a bid to enhance security further, CoinEx has teamed up with a cybersecurity firm to conduct comprehensive code audits.
### Optimized Operations for Institutional Users
CoinEx Vault also facilitates batch transaction approvals and collaborative workflows for teams, enhancing operational efficiency for institutional clients while upholding strict security protocols. This design ensures that institutions can manage their cryptocurrency assets confidently, secure in the knowledge that their funds are safeguarded by advanced security solutions.
### Comprehensive Security and User Control
The CoinEx Vault is engineered to offer institutional-level asset security and enable efficient, trustless crypto operations on a large scale. It seamlessly integrates Cold Wallet architecture, Risk Isolation, and Multi-signature management, allowing users to securely store and manage multi-chain assets on offline devices while retaining full oversight and control through a user-friendly interface.
### Core Functionalities of CoinEx Vault
Among the core functionalities of CoinEx Vault is the Cold Wallet Mode, which employs an offline mobile device as a secure cold wallet. This setup ensures that private keys remain offline, greatly reducing the risk of hacks, phishing, or malware attacks. The Risk Isolation feature eliminates potential single points of failure through a trustless architecture, while Multi-Signature Workflows provide adaptable, team-oriented signature protocols. Moreover, Real-Time Monitoring enables users to track all transactions and identify any unusual activities, making it an exemplary tool for managing project treasuries, protecting institutional funds, or facilitating team-wide asset operations.
### Commitment to Security in a Complex Crypto Landscape
CoinEx Vault signifies a strong dedication to enhancing security and providing intelligent custody solutions for institutional users navigating the intricate world of cryptocurrency. By utilizing offline cold wallet technology, customizable multi-signature arrangements, and a mutually distrusting framework, it effectively eliminates single points of failure. The thoughtful design of Vault’s asset management capabilities incorporates off-chain approval processes and real-time risk monitoring, empowering institutions to manage their crypto assets effectively and at scale.
### Strategic Positioning Within CoinEx Ecosystem
As a key component of the CoinEx Global ecosystem, CoinEx Vault operates independently of CoinEx Wallet, which is aimed at retail users. This strategic distinction ensures that both institutional and individual clients can access tools specifically tailored to their unique requirements. For B2B clients, including enterprises, DeFi protocols, Web3 teams, and high-net-worth individuals, CoinEx Vault provides sophisticated custody solutions, offering control, security, and operational efficiency aligned with professional workflows. This initiative further cements CoinEx’s long-term vision of fostering a secure, scalable, and inclusive ecosystem for cryptocurrency finance.
### Background on CoinEx
Founded in 2017, CoinEx has established itself as an award-winning cryptocurrency exchange, designed with user needs at the forefront. Launched by the renowned mining pool ViaBTC, CoinEx has been among the pioneers in the industry to implement proof-of-reserves, ensuring the protection of 100% of user assets. The platform supports over 1,400 cryptocurrencies, equipped with professional-grade features and services, catering to more than 10 million users across over 200 countries and regions. Additionally, CoinEx is home to its native token, CET, which incentivizes user engagement and strengthens its ecosystem.
