Security lies at the core of crypto, and Phemex certainly didn’t take it lightly. Using an innovative cold wallet system, Phemex has ensured the safety of users’ funds at all times. Additionally, any user can take advantage of the exchange’s Proof of Reserves tool to verify the secure storage of their assets. And, while Phemex is actively emerging from its centralized cocoon, it was in its time the first CEX to offer Proof of Solvency.
