WazirX, an Indian cryptocurrency exchange, has partnered with BitGo Trust Company to bolster the security of user assets. Announced on March 12th, the collaboration leverages BitGo’s expertise in asset custody, wallet management, staking, and trading, all secured within regulated cold storage facilities.
BitGo, headquartered in California, provides robust security solutions, a key priority for WazirX following a significant hack in the previous year. The exchange is currently restructuring its finances to compensate users affected by the $230 million loss. This partnership with BitGo signifies WazirX’s commitment to enhancing security measures and rebuilding user trust after the security breach. The move aims to assure users that their assets are protected by industry-leading custodial solutions.
