Ping Exchange launches with unique CorePass ID authentication and native crypto trading
Ping Exchange has launched trading following the simultaneous launch of CorePass ID for user authentication, marking a significant evolution for the Core Blockchain.
Ping Exchange, a new entrant into the crypto trading landscape, recently started trading on January 1 with a unique feature: the integration of CorePass ID for user authentication. This system leverages the Core Blockchain ecosystem, providing users with a decentralized digital identity for secure and efficient trading. It fundamentally transforms the login process, providing a secure identity with blockchain by eliminating traditional methods such as two-factor authentication (2FA), and transforming the user experience with fast, password-free access.
According to the exchange’s blog, CorePass ID facilitates rapid market access and increases security by protecting personal information as an identity NFT on the blockchain. This innovative approach extends to the built-in HD wallet, simplifying transactions with instant withdrawals and deposits of the exchange’s native cryptocurrencies, XCB and CTN.
In addition to its new login system, Ping Exchange also stands out with its “state-of-the-art compliance platform.” Developed in collaboration with CorePass and Core Blockchain, this product offers a user-friendly interface for KYC, AML, PEP and approved user management. This system complies with various local and international regulations, ensuring it remains compliant in a dynamic regulatory environment.
As reported, Ping Exchange offers trading in popular cryptocurrencies such as BTC, ETH, LTC, and USDC, as well as native XCB and CTN. The platform also offers a tiered system of different tiers for users that offer varying withdrawal limits and privileges depending on the user verification level and financial history.
CorePass ID users can use CTN tokens to purchase verification coupons, which are then assigned to their wallets. Once verified, users are used as CTN tokens by applications such as Ping Exchange when data is requested for user registration, KYC and AML purposes. The process means users retain ownership of their data and are rewarded for sharing information with third parties, rather than having to give it away for free as is common with web2 applications.
A notable aspect of Ping Exchange is that it was the first platform to trade XCB and CTN. Core Coin (XCB) stands out with its environmentally friendly Proof-of-Work algorithm and high transaction speeds, positioning it as a sustainable alternative in the crypto space. On the other hand, Core Token (CTN) serves as a service token within the Core ecosystem, facilitating transactions and data exchange between services. These cryptocurrencies are available in various trading pairs including ETH, BTC, LTC and USDC.
Disclaimer: Core Decentralized Technologies is a media partner of CryptoSlate.
#Ping #Exchange #launches #unique #CorePass #authentication #native #crypto #trading
Ping Exchange has launched trading following the simultaneous launch of CorePass ID for user authentication, marking a significant evolution for the Core Blockchain.
Ping Exchange, a new entrant into the crypto trading landscape, recently started trading on January 1 with a unique feature: the integration of CorePass ID for user authentication. This system leverages the Core Blockchain ecosystem, providing users with a decentralized digital identity for secure and efficient trading. It fundamentally transforms the login process, providing a secure identity with blockchain by eliminating traditional methods such as two-factor authentication (2FA), and transforming the user experience with fast, password-free access.
According to the exchange’s blog, CorePass ID facilitates rapid market access and increases security by protecting personal information as an identity NFT on the blockchain. This innovative approach extends to the built-in HD wallet, simplifying transactions with instant withdrawals and deposits of the exchange’s native cryptocurrencies, XCB and CTN.
In addition to its new login system, Ping Exchange also stands out with its “state-of-the-art compliance platform.” Developed in collaboration with CorePass and Core Blockchain, this product offers a user-friendly interface for KYC, AML, PEP and approved user management. This system complies with various local and international regulations, ensuring it remains compliant in a dynamic regulatory environment.
As reported, Ping Exchange offers trading in popular cryptocurrencies such as BTC, ETH, LTC, and USDC, as well as native XCB and CTN. The platform also offers a tiered system of different tiers for users that offer varying withdrawal limits and privileges depending on the user verification level and financial history.
CorePass ID users can use CTN tokens to purchase verification coupons, which are then assigned to their wallets. Once verified, users are used as CTN tokens by applications such as Ping Exchange when data is requested for user registration, KYC and AML purposes. The process means users retain ownership of their data and are rewarded for sharing information with third parties, rather than having to give it away for free as is common with web2 applications.
A notable aspect of Ping Exchange is that it was the first platform to trade XCB and CTN. Core Coin (XCB) stands out with its environmentally friendly Proof-of-Work algorithm and high transaction speeds, positioning it as a sustainable alternative in the crypto space. On the other hand, Core Token (CTN) serves as a service token within the Core ecosystem, facilitating transactions and data exchange between services. These cryptocurrencies are available in various trading pairs including ETH, BTC, LTC and USDC.
Disclaimer: Core Decentralized Technologies is a media partner of CryptoSlate.
#Ping #Exchange #launches #unique #CorePass #authentication #native #crypto #trading
