Bitget Upgrades Platform Wallets with MPC Security Technology
Press release
Victoria, Seychelles, 26 January 2023 — Bitget, the world's leading
cryptocurrency exchange and Web3 company, announces a significant enhancement to its platform wallet security with the upgrade of Multi-Party Computation (MPC) technology, which means that Bitget upgraded all users' wallet addresses to MPC addresses. This strategic update exemplifies Bitget's unwavering dedication to user security, incorporating cutting-edge technologies such as the Threshold Signature Scheme (TSS) and Trusted Execution Environment (TEE) to set new industry standards.
Bitget's MPC wallet addresses introduce a paradigm shift in security standards by leveraging the following cutting-edge advancements:
1.
Distributed Computing:
The implementation of multi-party distributed computing eliminates the risk of a single point of failure, fortifying the overall resilience of the wallet.
2. Homomorphic Encryption: Through this innovative encryption technique, Bitget ensures secure transactions without exposing private keys, providing an extra layer of confidentiality.
3. Trusted Execution Environment (TEE): Bitget's MPC wallet is fortified by TEE, bolstering hardware security and instilling user confidence in the safety of their digital assets.
Aside from the above, Bitget's commitment to security extends to the generation and signing of transactions:
-
Secure Key Generation: Distributed key generation ensures the safe and dispersed creation of private key shares. This approach safeguards against single-point failure, enhancing the overall robustness of the wallet.
-
Collaborative Signature Protocol: The platform employs a distributed collaborative signature protocol during the signature stage, preventing the leakage or aggregation of multiple private key shares. Homomorphic encryption technology further fortifies this process, occurring within a trusted execution environment (TEE) without revealing the complete private key.
Gracy Chen, Managing Director at Bitget expressed, "Security is a paramount element in a cryptocurrency company, and Bitget remains at the forefront of adopting innovative technologies to fortify our users' assets. The upgrade of MPC technology into our wallet is a testament to our commitment to providing a secure and reliable platform. Users can trust Bitget to continue implementing state-of-art solutions that prioritize their safety."
This announcement follows a successful implementation of Bitget's ongoing commitment to security. Previously, Bitget Wallet also unveiled the MPC upgrade, enhancing security measures and introducing users to the benefits of cutting-edge cryptographic technologies. The MPC Wallet empowers users with added layers of protection, securing their digital assets in a continuously evolving threat landscape.
About Bitget
Established in 2018,
Bitget is the world's leading
cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features, including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel
Messi and official eSports events organizer PGL.
For media inquiries, please contact: media@bitget.com
2024-01-26
Bitget Study: 84% Investors Predict BTC Reaching New High in Next Bull, 70% Plan to Increase 2024 InvestmentsHow to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade nowRecommended
Press releaseBitget’s Stock Futures Surge Past $15B, Unlocking a New Era of Onchain Equity Trading Victoria, Seychelles, January 12, 2026 — Bitget, the world’s largest Universal Exchange (UEX), has revealed that its US stock futures have surpassed $15 billion in cumulative trading volume, marking a major milestone in the rapid adoption of tokenized equities on the platform. The achievement reflects growing demand from users seeking flexible, crypto-native access to global stock markets, particularly during periods of heightened macro and earnings-driven volatility. Trading activity has been2026-01-12
Press releaseBitget Launches Bot Copy Trading to Expand Access to Automated Strategies Victoria, Seychelles, 12 January, 2026 — Bitget, the world’s largest Universal Exchange (UEX), has announced the launch of Bot Copy Trading, a new feature set designed to connect experienced copy-trading bot strategists with users who want to deploy automated strategies with minimal setup. The rollout introduces a profit-sharing model and performance-led discovery, aiming to make bot-based trading easier to access while keeping results and payouts transparent. Trading bots are algorithm-driven2026-01-12
Press releaseBitget Deepens Collaboration with Ondo With 98 New US Stocks and ETFsVictoria, Seychelles, January 9, 2026 — Bitget, the world’s largest Universal Exchange (UEX), announced the listing of 98 new US stocks and Exchange-Traded Funds (ETFs), opening broader access to traditional markets while advancing its multi-asset trading environment. Enabled through collaboration with Ondo, the expansion introduces greater exposure across equities, fixed income, commodities, and tactical ETF structures, creating more ways for users to participate in global market cycles from a2026-01-09
We offer all of your favorite coins！
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade nowHow to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now