Bingbon, the global digital asset derivatives exchange, has announced partnership with SlowMist, a blockchain security company, to beef up security measures. Bingbon joined their SlowMist Zone and launched a security vulnerability and threat intelligence bounty program.
Read More: Banks Are Experiencing a Kodak Moment: Lessons Learned from a Fallen Giant
Bingbon users can now report security-related issues found while navigating Bingbon’s platform. This alliance between Bingbon and SlowMist aims at strengthening security within the blockchain and crypto industry. SlowMist connects security researchers and blockchain companies to bring more security to the blockchain ecosystem. Moreover, SlowMist has helped Bingbon improve their security operations through their security auditing, and security monitoring bug bounty services.
Read More: Hummingbird Raises $8.2M To Automate Financial Compliance Technology
“Bingbon values safety and is fully aware that having a strong security ecosystem for crypto trading is imperative for our clients hence why we are fully on board with this partnership,” said Daly Young, Product Lead of Bingbon.
Being part of an initiative that encourages others to report security threats or vulnerabilities is extremely critical for the cryptocurrency industry and will help Bingbon minimize any potential security breaches or risks in the future. Thus, Bingbon’s security will be stronger more than ever and users can feel safer trading on Bingbon. Aside from safety, Bingbon provides a smoother performance for clients, which ensures that operations remain stable under extreme market conditions.
Read More: GlobalFintechSeries Interview with Chuck Klein, Chief Executive Officer & Founder at IMM
