Singapore, Singapore, August 22nd, 2024,
Chainwire
Bitunix, the fastest-growing cryptocurrency
derivatives exchange, is committed to providing its users with the
highest level of security. As part of its dedication to
safeguarding user assets, Bitunix has forged strategic partnerships
with industry leaders and implemented comprehensive security
measures.
Security through Strategic Partnerships
Understanding that the security of digital assets is important,
Bitunix partnered with Cobo, a top-tier digital asset custody
provider, in June 2023. This partnership integrates Cobo’s
Wallet-as-a-Service (WaaS) into the Bitunix platform, offering
users institutional-grade security. Cobo’s custody services are
renowned for their efficiency, supporting a vast range of
blockchains and tokens, and ensuring that user assets are
protected. A key component of this security is Cobo’s use of
Multi-Party Computation (MPC) technology. MPC ensures that private
keys are never fully reconstructed at any single point,
significantly reducing the risk of unauthorized access or hacking.
This collaboration showcases Bitunix’s commitment to providing a
secure environment where users can trade and manage their assets
with confidence.
Bitunix has also teamed up with Nemean Services to boost the protection of user
assets. UK-based digital asset security platform Nemean
Services operates a backup system of data storage, leveraging the
security benefits of the MPC model, in conjunction with its clients
and custodians. Nemean is an ISO 27001-certified and SOC
2-compliant platform, specializing in the cold storage,
safeguarding, and auditing of private key shares.
The partnership between Bitunix and Nemean Services provides an
additional $5 million in insurance coverage, offering peace of mind
to the users by ensuring that their assets are protected against
unforeseen risks.
Bitunix co-founder Arron Lee shares his vision:
“Security is not just a checkbox for us, it’s at the heart of
everything we do. We know how important it is for the users to feel
safe, and that’s why we are going above and beyond.”
Ongoing Commitment to Security
At Bitunix, security is not just a feature—it is the foundation
of the platform. The exchange is constantly investing in and
upgrading the security protocols to stay ahead of potential
threats. The partnerships with Cobo and Nemean Services are just
part of a broader strategy to ensure that Bitunix remains a leader
in user security. In addition to existing collaborations, Bitunix
is in the process of integrating Fireblocks, a leading provider of secure
infrastructure for moving, storing, and issuing digital assets. It
uses advanced Multi-Party Computation (MPC) technology to safeguard
private keys. The platform is widely used by institutional
investors, exchanges, and financial institutions to ensure the
highest level of security for digital assets.
Bitunix recognizes that the crypto space is growing daily in
user count, and so too are the threats that come with it. This is
why Bitunix remains proactive in exploring new technologies and
forming alliances with top security providers. Bitunix’s goal is
simple: to continue providing a secure, reliable, and user-friendly
platform where the users can trade with absolute confidence.
Bitunix's Growth
Bitunix's commitment to user security is at the core of
everything the crypto exchange does. Through strategic partnerships
and dedication to implementing the best security practices, Bitunix
ensures that the users' assets are protected at all times. As
Bitunix continues to grow, it will remain vigilant in the pursuit
of security excellence, always prioritizing the safety of its
users.
About Bitunix
Bitunix is a global crypto derivatives exchange founded in 2021,
registered in Seychelles, offering highly secure, and
cost-effective trading services to its users. The platform
specializes in both crypto spot and perpetual futures trading,
boasting more than 250 crypto trading pairs with up to 125x
leverage. Bitunix has attracted over 1,000,000 users from 100+
countries.
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Contact
COO
KX
Wu
Bitunix
kx.wu@bitunix.io