Coinone has become the first bitcoin exchange in South Korea to launch a multi-signature wallet, using BitGoâs API.
In a statement, Coinone CEO Myunghun Cha said it was time for exchanges to provide the âequal level of safety and controlâ as multi-sig wallet providers.
He continued:
âWe decided that multi-sig technology from BitGo was the answer to many security concerns facing exchanges and wallets. With its implementation, we hope to bring in more users from the national and international pool of bitcoin users.â
Coinone, which also offers a wallet app and a payment gateway service, was built by Devign Lab following the closure of a $200,000 seed funding round provided by K Cube Ventures.
