Ping Exchange's hybrid cold storage redefines standards for exchange custody

CryptoSlate looks at Ping Exchange's custody model: deposits sit in the exchange's custody, but withdrawals stay bound to the user's CorePass ID, so Ping can facilitate trades yet cannot move funds without the user's authorisation. Combined with air-gapped, QR-signed offline transactions and on-chain KYC the user controls, the piece argues this is a materially different answer to the post-FTX custody question than proof-of-reserve attestations alone.

With Ping, the CoDeTech team is offering a way to trade digital assets in an exchange environment without signing away the rights to your assets or your identity.

A useful external read on where Ping sits between DeFi self-custody and CeFi convenience.