BingX Secures PCI DSS v4.0.1 Certification Setting New Payment Security Benchmark For Web3 Industry
BingX successfully obtained Payment Card Industry Data Security Standard (PCI DSS) v4.0.1 certification for its fiat business operations on August 14, 2025. According to PR Newswire, the cryptocurrency exchange ranks among the first worldwide to earn this recognition. The certification covers six key security domains including network security, vulnerability management, data protection, access control, monitoring, and information security strategy.
The PCI Security Standards Council maintains these standards through founding members Visa, Mastercard, American Express, Discover, and JCB. BingX serves over 20 million users globally across derivatives, spot trading, and copy trading services. Daniel Lai, Chief Business Officer at BingX, stated that achieving PCI DSS v4.0.1 certification represents more than compliance milestone and demonstrates commitment to handling every transaction with highest global security standards.
Why This Certification Matters For Users And Industry
PCI DSS v4.0.1 sets rigorous requirements for safeguarding sensitive payment data during storage, transmission, and processing operations. Thoropass reports that PCI DSS 4.0.1 represents the biggest change to payment security standards in years, with enforcement deadlines approaching March 2025 for many requirements. The certification provides direct protection for users conducting fiat deposits and card transactions on the platform.
BingX operates a comprehensive security framework including industry-leading AML systems, regular Proof of Reserves, real-time monitoring for suspicious account activity, and a $150 million self-funded Shield Fund for incident protection. The PCI DSS certification builds upon these existing safeguards by ensuring fiat payment processing meets the same standards used by traditional financial institutions. This development comes as digital asset and fiat payment systems converge, requiring enhanced protection protocols.
Industry Implications For Crypto Exchange Security
The certification positions BingX alongside Crypto.com, which also achieved PCI DSS v4.0 certification earlier in 2025 as cryptocurrency exchanges adopt traditional financial sector security practices. This trend reflects growing regulatory expectations and institutional demands for compliance with established payment security frameworks. The move demonstrates how Web3 companies are bridging gaps between decentralized finance and traditional financial infrastructure.
ChainPatrol research shows Web3 organizations increasingly prioritize security measures to build user trust and gain competitive advantages. The report notes that regulatory compliance will play larger roles as Web3 moves into mainstream adoption. Meanwhile, Hacken data reveals $3.1 billion lost across Web3 in the first half of 2025, with phishing and social engineering schemes causing $600 million in damages. These statistics emphasize the importance of implementing robust security standards like PCI DSS across cryptocurrency platforms.
Further Reading
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