How does NASDAQ ensure the security of Bitcoin custody?

3 answers

• May 08, 2022 · 3 years ago
  NASDAQ takes several measures to ensure the security of Bitcoin custody. Firstly, they use a combination of cold storage and multi-signature wallets to store the Bitcoins. This ensures that the private keys are kept offline and require multiple signatures for any transaction. Additionally, NASDAQ employs robust encryption protocols to protect the private keys and uses secure hardware devices to store them. They also have strict access controls and monitoring systems in place to prevent unauthorized access. Overall, NASDAQ prioritizes the security of Bitcoin custody and continuously updates their security measures to stay ahead of potential threats.
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• May 08, 2022 · 3 years ago
  When it comes to the security of Bitcoin custody, NASDAQ doesn't mess around. They have implemented a multi-layered approach to ensure the safety of the Bitcoins under their custody. This includes using state-of-the-art encryption algorithms, employing top-notch security personnel, and regularly conducting security audits. NASDAQ also collaborates with leading cybersecurity firms to stay up-to-date with the latest security practices. Rest assured, your Bitcoins are in good hands with NASDAQ.
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• May 08, 2022 · 3 years ago
  At BYDFi, we understand the importance of secure Bitcoin custody. While we can't speak for NASDAQ's specific security measures, we can assure you that we take the security of Bitcoin custody seriously. Our platform utilizes industry-standard security protocols, including cold storage and multi-signature wallets, to protect your Bitcoins. We also have a dedicated team of security experts who constantly monitor our systems for any potential threats. Your Bitcoins are safe with us.
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