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 a withdrawal needs an authorisation signed with the user's CorePass. Combined with air-gapped, QR-signed offline transactions and KYC the user controls in CorePass, 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.