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Zoomex outlines multi-signature cold wallet infrastructure to safeguard funds
Zoomex announced that it uses a multi-signature cold wallet system, requiring multiple independent approvals for fund movements to help protect user assets from unauthorized access.
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Zoomex stated that it uses a multi-signature system for cold wallet storage, which requires multiple independent parties to authorize any fund movement. According to details provided, user assets are primarily kept offline in cold wallets, while hot wallets are limited to supporting trading and withdrawals under strict controls.
The company describes the infrastructure as incorporating multi-signature authorization (for example, a 3-of-5 setup), ongoing real-time monitoring for suspicious activity, layered security measures, and external security audits. Internal processes reportedly prevent any single employee from accessing or transferring user funds unilaterally.
Zoomex is a cryptocurrency exchange established in 2021 that supports derivatives and spot trading through both web and mobile platforms. The broker offers features such as leverage up to 1:150, copy trading (limited to futures), CEX and DEX integration, and 24/7 technical support. For more information, see the broker profile on Traders Union.
For more context, see the previous Zoomex update on Traders Union, which covered the broker’s launch of World Cup–themed trading campaigns featuring crypto futures incentives and gamified rewards for active participants: previous Zoomex update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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