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Bitunix Announces Major Security Upgrade

Aug 22, 2024
  1. Security through Strategic Partnerships
  2. Ongoing Commitment to Security
  3. Bitunix’s Growth

Bitunix, one of the fastest-growing cryptocurrency derivatives exchanges, is actively fortifying the security level for its users by forming strategic partnerships and implementing comprehensive protective measures.

Security through Strategic Partnerships

Understanding the importance of digital asset security, Bitunix partnered with Cobo, a leading digital asset custody provider, in June 2023. This collaboration integrates Cobo’s services into the Bitunix platform, offering institutional-grade security to users. A key component of this is the use of Multi-Party Computation (MPC) technology, ensuring private keys are never fully reconstructed at any single point. Additionally, Bitunix has teamed up with UK-based Nemean Services, which provides an extra $5 million in insurance by leveraging its data storage backup system and secure key storage.

Ongoing Commitment to Security

At Bitunix, security is not just a feature but the foundation of the platform. The exchange continuously invests in and upgrades its security protocols to stay ahead of potential threats. In addition to current partnerships, Bitunix is integrating solutions from Fireblocks, a leading provider of secure infrastructure for digital assets.

Bitunix’s Growth

Bitunix's primary goal remains providing a secure, reliable, and user-friendly platform. As it continues to grow, Bitunix is committed to achieving excellence in security, always prioritizing the safety of its users.

Bitunix remains dedicated to safeguarding user assets, working on improvements, and forming alliances with industry leaders. The platform will continue to evolve, providing users with confidence in the safety of their funds.

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