Cryptocurrency trading platform GDAC, which is operated by South Korean blockchain fintech company Peertec, <a href="https://www.khgames.co.kr/news/articleView.html?idxno&#61;220082" rel="noopener noreferrer nofollow">revealed</a> on October 19 (local time) a partnership with crypto wallet provider Bitgo. This collaboration aims to bolster the security measures for the exchange’s wallets.Bitgo, headquartered in Palo Alto, California, and backed by investment bank Goldman Sachs, is renowned for its secure wallet solutions. As a qualified custodian for digital assets across various jurisdictions such as the United States, Switzerland, and Germany, Bitgo has been serving more than 1,500 institutional clients in over 50 countries since 2013. The company also touts that it processes about 20% of all on-chain Bitcoin transactions by value.<h2 id="header-0">Bitgo’s growing presence in Korea</h2>Bitgo’s latest partnership with GDAC isn’t its first venture in the Korean market. Just last month, the company <a href="https://www.kedglobal.com/blockchain/newsView/ked202309050017" rel="noopener noreferrer nofollow">entered into</a> a strategic partnership with Hana Bank, one of Korea’s leading banking institutions. This collaboration aims to drive the development of security solutions, foster technical cooperation, and even explore a potential joint venture in the future.With this collaborative initiative, GDAC is now a partner of two major digital asset custodians: Bitgo and Fireblocks. Through this cooperative network, the Korean exchange seeks to take a leading role in enhancing security as a virtual asset service provider (VASP). In May, GDAC launched a mobile application where users can seamlessly enjoy all of its crypto services, including exchange, custody, and staking.Han Seung-hwan, CEO of GDAC, said that the company places the utmost priority on bolstering its security technology and ensuring the secure storage of customer assets. He added that having solidified its position as an exchange dedicated to institutional clients, GDAC will focus on delivering customer-centric, high-quality services.

GDAC Joins Hands with Bitgo to Fortify Crypto Wallet Security

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