Singapore, Singapore, August 22, 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 commitment to protecting user assets, Bitunix has established strategic partnerships with industry leaders and implemented comprehensive security measures.
Security through strategic partnerships
Understanding that digital asset security is essential, Bitunix partnered with Cobo, a leading digital asset escrow provider, in June 2023. This partnership integrates Cobo’s Wallet-as-a-Service (WaaS) service with the Bitunix platform, offering users institutional-grade security. Cobo’s escrow services are known for their efficiency, support for a wide range of blockchains and tokens, and protection of user assets. A key element of this security is Cobo’s operate 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 partnership 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 enhance the protection of user assets. UK-based digital asset security platform Nemean Services operates a data backup system using the security benefits of the MPC model, in partnership with its customers and custodians. Nemean is an ISO 27001 certified and SOC 2 compliant platform specializing in cool storage, securing and auditing of private key shares.
The partnership between Bitunix and Nemean Services provides an additional $5 million in insurance coverage, providing users with peace of mind that their assets are protected against unforeseen risks.
Bitunix co-founder Arron Lee shares his vision: “Security isn’t just a checkbox for us, it’s at the heart of everything we do. We know how important it is for users to feel safe, so we do everything we can.”
An enduring commitment to safety
At Bitunix, security is not just a feature—it’s the foundation of the platform. The exchange continually invests in and improves its security protocols to stay ahead of potential threats. The partnerships with Cobo and Nemean Services are just one part of a broader strategy to ensure Bitunix remains a leader in user security. In addition to existing partnerships, 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 understands that the crypto space is growing day by day in terms of users, and with it, threats are also growing. That is why Bitunix remains proactive in exploring recent technologies and forming alliances with leading security providers. The goal of Bitunix is basic: to continue to provide a secure, reliable, and user-friendly platform where users can trade with absolute confidence.
Bitunix Growth
Bitunix’s commitment to user security is at the heart of everything the cryptocurrency exchange does. Through strategic partnerships and dedication to implementing best security practices, Bitunix ensures that user assets are protected at all times. As Bitunix grows, it will remain vigilant in its pursuit of security excellence, always putting the safety of its users first.
About BitunixBitunix is a global crypto derivatives exchange founded in 2021, registered in Seychelles, offering its users highly secure and profitable trading services. The platform specializes in both spot crypto and perpetual futures, offering over 250 crypto pairs with leverage up to 125x. Bitunix has attracted over 1,000,000 users from over 100 countries.
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