Bitunix Announces Major Security Upgrade: $5 Million Insurance Backed by UK-Based Security Partner
Singapore, Singapore, August twenty second, 2024, Chainwire
Bitunix, the fastest-growing cryptocurrency derivatives trade, is dedicated to offering its customers with the very best degree of safety. As a part of its dedication to safeguarding person belongings, Bitunix has cast strategic partnerships with trade leaders and carried out complete safety measures.
Security by means of Strategic Partnerships
Understanding that the safety of digital belongings is essential, Bitunix partnered with Cobo, a top-tier digital asset custody supplier, in June 2023. This partnership integrates Cobo’s Pockets-as-a-Service (WaaS) into the Bitunix platform, providing customers institutional-grade safety. Cobo’s custody providers are famend for his or her effectivity, supporting an enormous vary of blockchains and tokens, and making certain that person belongings are protected. A key element of this safety is Cobo’s use of Multi-Celebration Computation (MPC) know-how. MPC ensures that personal keys are by no means totally reconstructed at any single level, considerably decreasing the danger of unauthorized entry or hacking. This collaboration showcases Bitunix’s dedication to offering a safe setting the place customers can commerce and handle their belongings with confidence.
Bitunix has additionally teamed up with Nemean Services to spice up the safety of person belongings. UK-based digital asset safety platform Nemean Companies operates a backup system of knowledge storage, leveraging the safety advantages of the MPC mannequin, along side its shoppers and custodians. Nemean is an ISO 27001-certified and SOC 2-compliant platform, specializing within the chilly storage, safeguarding, and auditing of personal key shares.
The partnership between Bitunix and Nemean Companies gives a further $5 million in insurance coverage protection, providing peace of thoughts to the customers by making certain that their belongings are protected in opposition to unexpected dangers.
Bitunix co-founder Arron Lee shares his imaginative and prescient: “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 Dedication to Security
At Bitunix, safety is not only a function—it’s the basis of the platform. The trade is continually investing in and upgrading the safety protocols to remain forward of potential threats. The partnerships with Cobo and Nemean Companies are simply a part of a broader technique to make sure that Bitunix stays a pacesetter in person safety. Along with current collaborations, Bitunix is within the technique of integrating Fireblocks, a number one supplier of safe infrastructure for shifting, storing, and issuing digital belongings. It makes use of superior Multi-Celebration Computation (MPC) know-how to safeguard non-public keys. The platform is extensively used by institutional traders, exchanges, and monetary establishments to make sure the very best degree of safety for digital belongings.
Bitunix acknowledges that the crypto house is rising day by day in person rely, and so too are the threats that include it. That is why Bitunix stays proactive in exploring new applied sciences and forming alliances with high safety suppliers. Bitunix’s objective is straightforward: to proceed offering a safe, dependable, and user-friendly platform the place the customers can commerce with absolute confidence.
Bitunix’s Development
Bitunix’s dedication to person safety is on the core of all the pieces the crypto trade does. By way of strategic partnerships and dedication to implementing the very best safety practices, Bitunix ensures that the customers’ belongings are protected always. As Bitunix continues to develop, it’s going to stay vigilant within the pursuit of safety excellence, all the time prioritizing the protection of its customers.
About Bitunix
Bitunix is a world crypto derivatives trade based in 2021, registered in Seychelles, providing extremely safe, and cost-effective buying and selling providers to its customers. The platform makes a speciality of each crypto spot and perpetual futures buying and selling, boasting greater than 250 crypto buying and selling pairs with as much as 125x leverage. Bitunix has attracted over 1,000,000 customers from 100+ international locations.
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COO
KX Wu
Bitunix
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