Singapore, Singapore, August 22, 2024, Chainwire
Bitunix, the fastest-growing cryptocurrency derivatives exchange platform, is committed to providing its users with the highest level of security. As part of its dedication to protecting users’ assets, Bitunix has forged strategic partnerships with industry leaders and implemented comprehensive security measures.
Security through strategic alliances
Understanding that digital asset security 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 wide range of blockchains and tokens, and ensuring the protection of users’ assets. 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 point, significantly reducing the risk of unauthorized access or hacking. This collaboration demonstrates Bitunix’s commitment to providing a secure environment where users can trade and manage their assets with confidence.
Bitunix has also partnered with Nemean Services to boost the protection of user assets. UK-based digital asset security platform Nemean Services operates a data storage backup system, 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 cold storage, protection, and auditing of private keys.
The partnership between Bitunix and Nemean Services provides an additional $5 million in insurance coverage, offering users peace of mind by ensuring their assets are protected against unforeseen risks.
Arron Lee, co-founder of Bitunix, shares his vision: “For us, security is not just a checkbox, it is at the core of everything we do. We know how important it is for users to feel secure, and that’s why we go above and beyond.”
Permanent commitment to safety
At Bitunix, security is not just a feature, it is the foundation of the platform. The platform constantly invests in security protocols and updates them to stay ahead of potential threats. Partnerships with Cobo and Nemean Services are just part of a broader strategy to ensure 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 protect 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 cryptocurrency space is growing by the day in terms of the number of users, and so are the threats that come with it. That is why Bitunix remains proactive in exploring new technologies and forming partnerships with leading security providers. Bitunix’s goal is simple: to continue to offer a secure, reliable, and easy-to-use platform where users can trade with absolute confidence.
The growth of Bitunix
Bitunix’s commitment to user security is at the foundation of everything the cryptocurrency exchange platform does. Through strategic partnerships and dedication to implementing security best practices, Bitunix ensures that user assets are protected at all times. As Bitunix continues to grow, it will remain vigilant in its pursuit of security excellence, always prioritizing the safety of its users.
About BitunixBitunix is a global cryptocurrency derivatives exchange platform founded in 2021, registered in Seychelles, offering highly secure and cost-effective trading services to its users. The platform specializes in both cryptocurrency perpetual futures and spot trading, and features over 250 cryptocurrency trading pairs with up to 125x leverage. Bitunix has attracted over 1,000,000 users from over 100 countries.
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This article was originally published on Chainwire
