Bitunix announces important security upgrade: 5 million dollar insurance with the support of a British security partner
Bitunix announces important security upgrade: 5 million dollar insurance with the support of a British security partner
Singapore, Singapore, August 22, 2024, Chainwire
Bitunix The fastest growing stock exchange for cryptocurrency derivatives strives to offer their users the highest level of security. As part of his commitment to protect user resources, Bitunix has closed strategic partnerships with industry leaders and implemented comprehensive security measures.
Security through strategic partnerships
Since Bitunix knows how important the security of digital assets is, in June 2023 it was received by a partnership with COBO, a first -class provider for the custody of digital assets. This partnership integrates Cobos Wallet-as-A-Service (WAAS) into the Bitunix platform and offers users security at an institutional level. Cobo's custody services are known for their efficiency, support a wide range of blockchains and tokens and ensure the protection of user resources. A key component of this security is to use the multi-party computation (MPC) technology by COBO. MPC ensures that private keys can never be reconstructed completely, which significantly reduces the risk of unauthorized access or hacking. This cooperation shows Bitunix's commitment to provide a safe environment in which users can act and manage their assets in a confidence
Bitunix has also joined together with nemean-thien to improve the protection of user resources. The security platform for digital resources Nemean Services, based in the UK, operates a backup system for data storage in cooperation with its customers and depot banks and uses the safety advantages of the MPC model. Nemean is an ISO 27001-certified and SOC 2-compliant platform that specializes in the cold storage, securing and checking of private key shares.
The partnership between Bitunix and Nemean Services offers additional insurance coverage of $ 5 million and gives users security because their assets are protected against unforeseen risks.
Bitunix co-founder Arron Lee shares his vision: "For us, security is not just a check mark, it is the focus of all our activities. We know how important it is that the users feel safe, and therefore we go one step further."
continuous commitment to security
At Bitunix, security is not just a feature - it is the basis of the platform. The stock exchange constantly invests in the security protocols and updates it to always be one step ahead of potential threats. The partnerships with Cobo and Nemean Services are only part of a more comprehensive strategy to ensure that Bitunix remains a leader in terms of user security. In addition to the existing cooperation, Bitunix is included, Feuerblocks A leading provider of safe infrastructures for the transfer, storage and output of digital assets. It uses advanced multi-party computation (MPC) technology to protect private keys. The platform is often used by institutional investors, stock exchanges and financial institutions to ensure the highest level of security for digital assets.
Bitunix is aware that the number of users in the crypto sector grows daily and thus also the associated threats. For this reason, Bitunix continues to proactively research new technologies and forms alliances with leading security providers. Bitunix's goal is simple: to continue to provide a safe, reliable and user -friendly platform on which users can act with absolute trust.
The growth of Bitunix
Bitunix 'commitment to user security is the focus of all activities of the crypto tour. Through strategic partnerships and commitment to implementing the best security practices, Bitunix ensures that the assets of the users are protected at any time. While Bitunix continues to grow, the company will continue to strive for outstanding security and always put the safety of its users in the first place.
via Bitunix
Bitunix is a global stock exchange for crypto derivatives founded in 2021, which is registered on the Seychelles and offers its users highly safe and inexpensive trade services. The platform specializes in the trade in crypto spots and unlimited futures and offers more than 250 crypto trading pairs with up to 125 times leverage. Bitunix has attracted over 1,000,000 users from over 100 countries.
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Source: Coinlist.me
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