Ping Exchange’s newest major update brings a range of enhancements to Ping Exchange, designed to optimize user experience, improve security, and refine trading operations. These updates focus on streamlining the user experience while ensuring compliance with evolving financial regulations.
The Ping Exchange team would like to inform you that while the update is taking place, our services will be temporarily unavailable for approximately one hour between 20:00 and 21:00 CET today.
Key Updates and Improvements:
1. Navigation and Usability Enhancements
- Full On-Ramp & Off-Ramp Flow: Users can now transition seamlessly between fiat and crypto through a fully integrated and streamlined UI experience.
- Refined Address Book Management: The network field has been removed to simplify the interface, and Verified Wallets have been integrated for easier access and organization.
- Optimized Order Book & Swap Execution: Enhanced hover navigation, real-time conversion rates, and aggregated popovers for a more intuitive trading experience.
2. Wallet Security and Compliance
- Address Book Security: The Edit and Remove functions for stored addresses have been disabled to prevent unauthorized modifications and improve security.
- Verified Wallet Compliance: Strengthened compliance with EU regulations, ensuring secure and compliant management of BTC, ETH, BNB, and LTC wallets.
- LTC Ownership Verification: A document-based PDF declaration system has been introduced for Litecoin wallets, enhancing security and transparency in asset ownership verification.
3. Trading and Market Enhancements
- Accurate Network Display for Withdrawals: Withdrawal requests now correctly display the associated blockchain network, reducing transaction errors.
- Expanded Network Support: Binance Smart Chain (BSC) withdrawals are now supported, increasing asset transfer flexibility.
- Advanced Market Pricing Stability: Implementation of TWAP (Time-Weighted Average Price) and VWAP (Volume-Weighted Average Price) algorithms ensures more precise and stable pricing, reducing price manipulation risks.
- Refined Swap Mechanism: Enhanced swap execution with more accurate conversion rate calculations, ensuring fairer trades.
4. Payment and Ramping Integration
- Seamless Fiat-to-Crypto Transactions: MoonPay integration enables a frictionless on-ramp experience, making fiat-to-crypto conversions faster and more accessible.
- Enhanced Network Validation: Strengthened security protocols for Litecoin wallets, including enhanced validation and ownership verification measures.
Commitment to a Secure and Efficient Exchange
These updates are part of an ongoing effort to make Ping Exchange more user-friendly, secure, and compliant with global standards. We appreciate your patience during the maintenance period and look forward to providing a better trading experience with these enhancements.
Stay tuned for further updates, and as always, happy trading!
