Bitunix Collaborates With Industry Leaders To Strengthen Security
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Bitunix, a fast-rising digital currency derivatives exchange, has announced that it has teamed up with top players in the industry to tighten the security in its platform. The company wants to protect the assets of its users and has put in place strong security steps.
Last month, Bitunix collaborated with Cobo, a leading digital asset security firm. Cobo added its Wallet-as-a-Service (WaaS) to the Bitunix platform to boost the security for its users. Cobo’s custody solutions are efficient, support different tokens and blockchains, and ensure the safety of user’s assets.
The Partnership With Nemean Services Offers An Additional $5 Million in Insurance
What makes this security so tight is the addition of Multi-Party Computation (MPC) technology. Cobo uses this technology to makes sure that Confidential keys are never fully assembled in one place.
This would keep it safe from hackers or unauthorized sources. This partnership shows that Bitunix is bent on providing a safe place where users can buy, sell, and handle their assets without fear of them being tampered with.
Bitunix also revealed that it is working with Nemean Services, a UK-based cryptocurrency security firm offer more security to user assets. The platform uses a backup system to store data.
Nemean is a platform that follows ISO 27001 guidelines and SOC 2 rules. It specializes in cold storage, auditing, and safeguarding of private key shares
The collaboration between Nemean Services and Bitunix offers an extra $5 million in insurance for users, giving them peace of mind. This coverage assures users that their assets are in safe hands.
The Company Is Constantly Updating Security Measures To Prevent Threats
The co-founder of Bitunix, Arron Lee, noted that security is more than just a tick box for the firm, it is an important part of the business. He added that the team understands how important it is for users to know their assets are safe and sound, and that is the reason they are working very hard.
The company said it is always investing in and updating the security measures to notice potential threats before they affect the system. It added that working with Nemean Services and Cobo is part of its bigger plan to remain at the forefront of user security.
Bitunix also announced that it wants to partner with Fireblocks, a top provider of secure tools for issuing, storing, and moving digital assets. The platform is heavily used by financial institutions, exchanges, and institutional investors to provide the highest security level for digital assets.
