Cryptocurrency exchange MEXC has announced a significant initiative: a $100 million user protection fund aimed at bolstering security and building trust for its users. This move comes amidst the volatility of the crypto market, with MEXC pledging to prioritize secure platform features and transparency. 🛡️ The fund, backed by institutional-grade custodial management, guarantees that user assets are protected 1:1 through Proof of Reserves. 🔒 📈 The launch is expected to bolster user confidence and potentially attract more users seeking reliable platforms in a volatile market. This initiative aligns with broader industry trends toward enhanced asset safety as seen with LBank’s similar program earlier this year. 🤝 The fund’s potential impact extends beyond MEXC, possibly influencing regulatory developments across various jurisdictions. 🌎 ➡️