Bitget and Cobo: Enhancing Security for Crypto Investors
Bitget, the leading crypto derivatives exchange and copy trading platform, has announced a strategic partnership with Cobo SuperLoop, an over-the-counter settlement network. This integration represents a significant advancement for both organizations and the cryptocurrency ecosystem as a whole.
The collaboration between Bitget and Cobo aims to increase trust and security for crypto investors. With this partnership, Bitget users can trade on the platform while securely storing their assets outside of exchanges using Cobo’s advanced wallet custody technologies.
This provides investors with unparalleled peace of mind and the highest level of security for their digital assets. Additionally, the partnership aims to optimize the use of funds by enabling cross-exchange transactions without directly depositing funds into exchanges, simplifying trading and reducing transaction costs.
Expanding Offering for Institutional Clients
Institutional clients of Bitget now have access to Cobo’s MPC (multi-party computation) and custodial wallets to secure their assets. This move is designed to provide a comprehensive cryptocurrency trading solution that caters to the diverse needs of institutional investors.
Cobo’s MPC portfolios utilize multi-party computing technologies and a threshold signature scheme (TSS) for high-level security. This approach ensures asset recovery in case of key loss or compromise. The private key is divided, encrypted, and distributed between the client, Cobo, and a disaster recovery service provider to eliminate unilateral movement of funds and single points of failure.
Bitget’s Comprehensive Services
Bitget continues to offer a wide range of services including spot trading, margin trading, forward trading, spot copy trading, forward copy trading, spot grids, and forward grids through its deposit account. These services are designed to adapt to the dynamic needs of cryptocurrency traders.
However, it’s important to note that certain services such as on-chain cryptocurrency deposits and withdrawals, internal transfers, and fiat currency transactions have specific limitations. Despite this, Bitget remains committed to providing comprehensive and secure trading solutions for its institutional clients.
Statements on the Partnership
Gracy Chen, managing director of Bitget, emphasized the commitment to security and efficiency for users through the partnership with Cobo SuperLoop. By integrating Cobo’s SuperLoop, Bitget provides institutional clients with a secure and seamless trading experience.
Dr. Changhao Jiang, CTO and co-founder of Cobo, expressed enthusiasm for integrating Bitget into SuperLoop. He believes this integration will set new benchmarks in the industry and provide investors with unparalleled peace of mind when trading on exchanges.
Hot Take: A Major Step Towards Enhanced Security in Crypto Trading
The strategic partnership between Bitget and Cobo SuperLoop marks an important advance in the cryptocurrency world. By prioritizing security and efficiency, this collaboration sets new standards for fund security, trading efficiency, and investor protection. With Bitget users benefiting from Cobo’s advanced wallet custody technologies, they can trade with confidence knowing their assets are secure. This partnership also streamlines cross-exchange transactions and reduces costs, making cryptocurrency investment more efficient. Overall, this collaboration is a significant milestone in enhancing the security and trustworthiness of the crypto ecosystem.
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