BingX receives certification to progress with fiat operations

BingX, one of the major crypto exchanges with Web3 features, attained the Payment Card Industry Data Security Standard (PCI DSS). The market operator is among the first crypto exchanges to add the certification for handling fiat payments. 

BingX acquired the Payment Card Industry Data Security Standard (PCI DSS) certification for its fiat business, setting a new benchmark for payment security. The exchange is among the early adopters of PCI DSS. The only other prominent market operator with the same certification level is WhiteBIT, as Cryptopolitan reported previously. 

The PCI DSS v4.0.1 certification is a global security standard, maintained by the PCI Security Standards Council. The payment standard governance body is founded by Visa, Mastercard, American Express, Discover, and JCB, setting rigorous requirements for sensitive payment data.

BingX currently carries over $1.8B in daily trading, with ETH activity making up over 27% of all swaps. The exchange is among the top markets based on its reported daily volume. The market has 318 high-confidence trading pairs and 505 low-liquidity, lower-confidence pairs. BingX has been around since the 2018 bull market, serving over 20M registered users. 

BingX covers more requirements for exchange security

With the latest certification, BingX has progressed in the major security domain areas – network safety, vulnerability management, data protection, access control, monitoring, and information security. This makes fiat deposits and card payments safer for end users, ensuring compliant, always-available payment channels. 

“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,” said Daniel Lai, Chief Business Officer at BingX. 

“As digital asset and fiat rails converge, safeguarding users through rigorous protections is not optional – it is core to our mission at BingX,” said Lai.

BingX is already compliant with the general anti-money-laundering requirements, and posts regular Proof of Reserves based on its own estimation, with no third-party monitoring. The exchange has a 9/10 Trust Score based on its long history and significant volumes. 

The market operator also monitors for abnormal withdrawals and suspicious account activity. BingX carries a $150M Shield Fund for hack and incident protection and also conducts regular external audits, partnering with top crypto security experts. 

Crypto exchanges face stricter standards in 2025

Crypto exchanges faced a growing regulatory burden in 2025, but hoped the clear instructions would also mean predictable trading. 

PCI DSS certification may be the next big milestone for exchanges. In this regard, BingX is among the sector’s pioneers. Exchanges may need to be certified in case they handle cardholder data directly without using a third-party provider. 

As crypto grows in popularity, exchanges have varied fiat gateways, which sometimes include card payments. The PCI DSS safety certification may become one of the key requirements for reliable market operators. While stablecoins remain widely used for crypto insiders, onboarding new users still relies on easy card-based payments with suitable consumer protections.

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