Bitunix Exchange Partners with Fireblocks and Elliptic for Institutional-Grade Security Upgrade

Cryptocurrency derivatives exchange Bitunix has announced strategic partnerships with two leading security and compliance providers, Fireblocks and Elliptic, marking a significant upgrade to its institutional-grade infrastructure. The integration of Fireblocks' custody solutions and Elliptic's blockchain monitoring tools aims to enhance security, compliance, and user protection for the platform's over 3 million users across 100+ countries.

The partnership with Fireblocks brings Multi-Party Computation (MPC)-based custody technology, replacing traditional single private-key models. This system distributes critical material across multiple secure components, significantly reducing unauthorized access risks. Additionally, Fireblocks provides policy-based approval workflows, secure transfer infrastructure used by leading financial institutions, and operational tools for efficient asset management.

A key component of the Fireblocks collaboration is $42.5 million in insurance coverage, including digital asset crime insurance and protections against operational risks. This adds an important layer of financial protection for user funds on the exchange.

Through the Elliptic partnership, Bitunix integrates Elliptic KYT (Know Your Transaction) technology, enabling real-time tracking of on-chain activity and flagging of high-risk transactions. The system identifies funds linked to darknet markets, stolen assets, fraud-related flows, high-risk counterparties, and sanctioned entities, strengthening the exchange's Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF), and Know Your Customer (KYC) standards.

Steven Gu, Chief Security Officer at Bitunix, emphasized the exchange's commitment: "For this Bitunix security upgrade, we have partnered with several security providers, but the collaboration with Fireblocks and Elliptic certainly reconfirms our top priority: user protection. We want users to be 100% safe when using our exchange."

The security enhancements come amid ongoing challenges in the exchange sector. According to reports, centralized exchanges suffered $182 million in losses in September 2025 alone, highlighting the importance of robust security measures. Bitunix has previously partnered with other security providers including Cobo Custody, and conducts regular audits through firms like Hacken and Salus. The exchange also maintains an additional $5 million insurance policy with Nemean Services.