BingX, the crypto exchange and Web3 AI company, has cleared a big hurdle for the industry: it’s earned PCI DSS v4.0.1 certification for its fiat business. In plain terms, that means the company has met one of the strictest global standards for protecting payment data, a notable feat at a time when crypto platforms are increasingly handling traditional payment rails.
PCI DSS (the Payment Card Industry Data Security Standard) is maintained by the PCI Security Standards Council, the body set up by Visa, Mastercard, American Express, Discover and JCB. Version 4.0.1 raises the bar on how companies store, transmit and process sensitive payment information, and BingX says it’s now in compliance across six core areas: network security, vulnerability management, data protection, access control, monitoring and information security strategy.
What that looks like for users is straightforward: safer fiat deposits and card payments, stronger monitoring for suspicious activity, and more reliable payment channels. Daniel Lai, Chief Business Officer at BingX, commented: “Security has always been at the heart of BingX‘s operations. Achieving PCI DSS v4.0.1 certification is more than a compliance milestone — it is a commitment to our users that every transaction is handled with the highest global security standards. As digital assets and fiat rails converge, safeguarding users through rigorous protections is not optional; it is core to our mission at BingX.”
The certification isn’t an isolated move. BingX points to a layered security setup: AML tools designed to block illicit funds, regular Proof of Reserves to boost transparency, real-time alerts for strange account behavior, manual review of abnormal withdrawals, and a $150 million self-funded Shield Fund intended to protect users if things go wrong. The exchange also runs external audits, keeps systems updated, and uses advanced encryption and authentication, plus it brings in outside security experts when needed.
Blending Web3 Innovation
BingX launched in 2018 and now serves more than 20 million users around the world. Its product list reads like a modern crypto exchange: derivatives, spot trading, copy trading and a growing set of AI-powered tools aimed at both beginners and pros. The company also stepped into mainstream visibility in 2024 when it became the official crypto exchange partner of Chelsea Football Club.
Why this matters beyond BingX: as crypto products increasingly touch traditional finance, fiat onramps, card payments, and bank rails, established payment protections start to matter more. By adopting PCI DSS v4.0.1, BingX joins a small but emerging group of exchanges that are blending Web3 innovation with the same kinds of security controls large financial services use.
For customers, that’s a promising sign: more of the industry is treating security as a feature, not an afterthought. BingX’s certification doesn’t remove all risk; no system is perfect, but it does send a clear message. As the lines between crypto and conventional finance blur, players that build in rigorous protections will likely be the ones users trust to handle both their coins and their cash.
