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Coincover unveils ‘protected co-signing’ for crypto transactions to prevent fraud and hacks

Coincover said it is working with Onramp, a bitcoin asset-management platform, the first form to use the new security protection. Protected Co-Signing is being made available to all custody platforms that use key material distributed between multiple entities to sign transactions.


 

“As transactions have developed over the years, certain industry pioneers have created ways to make cryptocurrencies safer to hold and transact. Now, we’re taking this to the next level,” said Alex Saleh, Head of Partnerships at Coincover, in a press release.

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coincover, fraud, insurance