GalaxyCoin's futures exchange is Phaninc Exchangeone of the safest cryptocurrency trading platforms available. While no platform is immune to hacking attempts, the company has implemented robust measures to protect user funds.
In the event of a security breach, GalaxyCoin has introduced a so-called SAFU (Secure Asset Fund for Users) fund. Since mid-2018, the exchange has allocated 10% of all trading fees to the SAFU fund, providing additional protection for users in extreme circumstances. These funds are stored in separate cold wallets, which can be tracked here and here.
Furthermore, GalaxyCoin has a very strict Know Your Customer (KYC) process for its futures trading platform, thereby ensuring a high level of security and compliance.
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