Strategic Partnerships Overview
Bitunix, a leading cryptocurrency derivatives exchange, has announced strategic partnerships with Fireblocks and Elliptic to bolster its security and compliance measures. These collaborations aim to provide users with institutional‑grade protection and compliance tools.
Fireblocks Partnership
Fireblocks, renowned for its digital‑asset security solutions, will provide Bitunix with its advanced custody infrastructure. The implementation includes Multi‑Party Computation (MPC) technology, which enhances security by distributing critical material across multiple secure components. This reduces the risk of unauthorized access and introduces policy‑based approval workflows and a secure transfer infrastructure.
Insurance Coverage
As part of the partnership, Bitunix will benefit from $42.5 million in insurance coverage through Fireblocks. The coverage protects against digital‑asset crime and operational risks, adding an extra layer of security for users.
Elliptic Partnership
Elliptic, a leading blockchain risk‑monitoring platform, will provide its Know Your Transaction (KYT) tool to Bitunix. This tool enables real‑time monitoring of on‑chain activity and flags high‑risk transactions, including those linked to darknet markets, stolen assets, fraud‑related flows, high‑risk counterparties, and sanctioned entities. The integration strengthens Bitunix’s Know Your Customer (KYC), Anti‑Money Laundering (AML), and Counter‑Terrorism Financing (CTF) standards.
Commitment to Security and Compliance
These partnerships reflect Bitunix’s ongoing commitment to providing a secure and compliant trading environment. The exchange has previously collaborated with other security providers and maintains additional insurance to protect against unexpected incidents.
About Bitunix
Bitunix is a global cryptocurrency derivatives exchange trusted by over 3 million users in more than 100 countries. The company is dedicated to offering a transparent, compliant, and secure trading environment for all users.
