OKX Launches New Security Measures to Protect Crypto Users

• OKX has introduced a new range of API key security protections to increase user safety against external threats.
• These include an auto-expiry feature for API keys with trade and withdrawal permissions, a third-party whitelist, Fast Connect API to quickly authorize brokers, and a risk engine to track and alert users to suspicious transactions.
• OKX hopes that the new measures will bolster the protection of its users against bad actors.

The cryptocurrency platform OKX has implemented a range of new security measures centered on API keys to bolster its users’ protection against bad actors.

The Seychelles-based crypto exchange announced the new measures in a press statement released on Jan. 4, which will include an auto-expiry feature that automatically terminates API keys with trade and withdrawal permissions that have been inactive for 14 days. This will help prevent users’ accounts from being compromised in the event that the API keys are stolen or misused.

In addition, OKX will now feature a third-party whitelist that allows customers to link their IP addresses to working third-party networks. This will guarantee that transactions come from the platforms on the whitelist, thus increasing the security of the API key binding procedure.

The new security features will also include Fast Connect, a fast API that enables customers to quickly authorize brokers to access, produce, and bind API keys with just one click.

Finally, OKX has implemented a “risk engine” that will track and alert users to suspicious transactions and lock down specific accounts to prevent loss.

Haider Rafique, OKX’s Chief Marketing Officer, described the new security protection features as the most comprehensive in the crypto sector, expressing hope that it will enhance user safety and trust in the platform. He said, “We want to ensure that our users feel secure and confident when using our platform and these new security measures are an important step in that direction.”

OKX is dedicated to providing its users with a secure and reliable trading experience, and the new security measures will help to ensure that the platform remains safe and secure for its users.