• OKX has implemented API key security measures to increase user protection against external threats.
• These measures include auto-expiry of API keys with trade and withdrawal permissions that have been inactive for 14 days, a third-party whitelist, a “Fast Connect” API, and a risk engine to alert users to suspicious transactions.
• Haider Rafique, OKX’s Chief Marketing Officer, said that these measures are the most comprehensive in the crypto sector.
OKX, a Seychelles-based cryptocurrency platform, has announced a suite of security measures designed to provide users with enhanced protection from external threats. In a press statement released on Jan. 4, the company unveiled a variety of features centered on API keys, with the aim of giving users peace of mind when conducting transactions.
The security measures include an auto-expiry system, which automatically terminates API keys with withdrawal and trade permissions that have been inactive for 14 days. This is intended to prevent malicious actors from accessing accounts and carrying out unauthorized transactions. OKX has also implemented a third-party whitelist that links customers’ IP addresses to trusted networks, providing an additional layer of security.
In addition, OKX has introduced a “Fast Connect” API that enables customers to quickly authorize brokers to access, produce, and bind API keys with just one click. This is designed to make the process of binding API keys more secure. Finally, the exchange’s digital architecture will now feature a risk engine, which will track and alert users to suspicious transactions. This will enable OKX to lock down specific accounts and prevent potential losses.
Commenting on the new measures, OKX’s Chief Marketing Officer Haider Rafique said that the security protection features are the most comprehensive in the crypto sector. He went on to express hope that the new measures will “ensure the safety of our users by providing a secure and reliable trading environment.”