Capdax partners with BitGo for enhanced exchange security

As we are getting closer to our launch, we are proud to announce our most recent partnership with BitGo, the market leader in institutional-grade investment services. With security as one of Capdax main principles we have confirmed BitGo as our multi-signature wallet system and security management provider.
BitGo’s multi-signature transactions require two out of three private keys belonging to a wallet to be signed in that transaction. Integrating their hot wallet into the Capdax exchange means that each user’s wallet on Capdax will have different public and private keys held by different entities, adding extra security to the exchange.
Capdax has selected BitGo for its advanced security measures including the above mentioned multi-signature controls. With Bitgo’s backend security as the strongest in the industry and its years of experience in building enterprise-grade solutions we are convinced we can create the exchange that is easily used by new and experienced traders. Another added benefit of working with BitGo is that users will always be able to retrieve their funds.
“With the launch in sight and high scrutiny on security in this fast-moving marketplace, we are confident that our partnership with BitGo is a necessary step in making the exchange a secure and safe place for our customers to trade and invest in crypto. BitGo is a well trusted and established brand in the industry and it has a proven track record with a capable team of industry experts. With their team overseeing security, we can focus on our strengths of bringing a stable exchange with strong partners and unique features into the market. I’m looking forward to the synergies that our partnership will bring us. — John Fenton, Chief Operating Officer, Capdax
Founded in 2013, BitGo is used by hundreds of exchanges in North America, Europe and Asia. Transacting up to $15 billion a month, BitGo is the most tested and most trusted security solution in the industry, especially among the most established exchanges, and now also for Capdax.
“BitGo’s goal is to deliver the security and custody solutions the cryptocurrency market needs, and we are proud to add Capdax to our family of exchange partners. Capdax is built by a team with solid knowledge of the crypto industry and they are creating an exchange with compelling propositions for both new and experienced traders. We’re pleased to be providing the security foundation for their business and look forward to the launch. — Benedict Chan, Chief Technology Officer, BitGo
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