Bitunix Partners with Fireblocks & Elliptic for Institutional-Grade Security

The partnerships with Fireblocks and Elliptic create a comprehensive security and compliance framework for Bitunix. Fireblocks, a digital asset security platform trusted by major financial institutions, brings its MPC-based custody infrastructure to replace traditional single private-key models. This technology distributes critical signing material across multiple secure components, drastically reducing the risk of a single point of failure and unauthorized access. Simultaneously, the integration of Elliptic’s Know Your Transaction (KYT) platform provides advanced blockchain monitoring, allowing Bitunix to track on-chain activity in real-time and flag transactions linked to illicit activities such as darknet markets, stolen assets, fraud, or sanctioned entities.

According to Steven Gu, Chief Security Officer at Bitunix, the collaborations “reconfirm our top priority: user protection.” This dual-layer approach addresses two critical fronts: the physical and technical safeguarding of user assets through Fireblocks, and the regulatory and reputational safeguarding through Elliptic’s compliance tools. The move is explicitly designed to better serve institutional and high-net-worth clients who demand robust, auditable security standards and stringent Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) controls.

The core of the Fireblocks integration is the implementation of MPC custody, which is supplemented by policy-based approval workflows and a secure transfer infrastructure used by leading financial institutions. This setup not only enhances protection for user funds but also streamlines operational efficiency for asset management. A pivotal component of this partnership is the substantial insurance coverage it unlocks. Bitunix now benefits from a total of $42.5 million in insurance through Fireblocks, covering digital asset crime and other operational risks.

This insurance acts as a critical backstop, providing an added layer of financial protection and bolstering user confidence. It represents a tangible safeguard against rare but catastrophic security incidents. The emphasis on insured, institution-grade custody directly positions Bitunix among more reputable digital asset managers, a necessary step for attracting larger-scale investment and trust.

The Elliptic partnership directly tackles the complex compliance landscape facing crypto exchanges. By employing Elliptic KYT, Bitunix enhances its existing Know Your Customer (KYC), AML, and CTF standards. The platform’s ability to identify and flag high-risk transactions and counterparties is crucial for maintaining regulatory relationships and preventing the platform from being used for illicit finance. This is particularly relevant given the persistent security challenges in the sector; the press release notes that centralized exchanges suffered $182 million in losses in September 2025 alone.

This proactive compliance upgrade is not an isolated effort. Bitunix has previously partnered with other security providers, including trusted custodian Cobo Custody, and conducts frequent security audits through firms like Hacken and Salus. Furthermore, the exchange maintains a separate $5 million insurance policy with Nemean Services. These existing measures, combined with the new Fireblocks and Elliptic integrations, form a multi-faceted security roadmap aimed at future-proofing the exchange.

For Bitunix, a global derivatives exchange based in St. Vincent and the Grenadines and serving users in over 100 countries, these partnerships are a strategic investment in scalability and trust. The integration of industry-leading tools from Fireblocks and Elliptic signals a maturation of its infrastructure, aligning it with the expectations of a broader financial market. The combination of MPC technology, comprehensive insurance, and elite transaction monitoring creates a compelling value proposition for users seeking security without sacrificing the platform’s features, such as high leverage and deep liquidity.

Ultimately, this security upgrade is about building a safer and more scalable exchange. By layering institutional-grade custody with advanced compliance analytics, Bitunix is not just reacting to past incidents but actively constructing a framework designed to mitigate future risks. This development reinforces the exchange’s stated commitment to transparency and security, as seen in its existing Proof of Reserves (PoR) and Bitunix Care Fund initiatives, aiming to solidify its position as a dynamic yet secure player in the competitive crypto market.