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
How to sell PIBitget lists PI – Buy or sell PI quickly on Bitget!
Trade nowRecommended
- Press releaseCrypto Meets Culture as Bitget Lights Up UNTOLD FestivalCluj-Napoca, August 8, 2025—Bitget, the world's leading cryptocurrency exchange and Web3 company, brought the crypto crowd straight to the heart of one of Europe's biggest music festivals with its official debut at UNTOLD X with its first-ever festival installation and brand experience booth, drawing thousands of festival-goers into a high-energy fusion of crypto culture, art, and music. From 7-11 August in Cluj, Bitget traded charts for bass drops, turning festival vibes into a full-on brand e
2025-08-08
- Press releaseBitget Lists Sidekick (K) for Spot Trading Victoria, Seychelles, August 8th, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Sidekick (K) in the Innovation Zone, adding it for spot trading. Trading for the K/USDT pair will begin on 8 August 2025, 08:00 (UTC), with withdrawals available from 8 August 2025, 10:00 (UTC). Sidekick is a Web3 livestreaming platform designed to connect creators and audiences through real-time, content-driven experiences. Founded in 2024, the platform pioneers a
2025-08-08
- Press releaseBitget Protection Fund Reaches Record High of $779.7M in July 2025, Reinforcing Commitment to User Asset Safety Victoria, Seychelles, August 7, 2025 — Bitget, the leading cryptocurrency exchange and Web3 company, today released its July 2025 Protection Fund Report, revealing a new peak in valuation and underlining its steadfast commitment to safeguarding user assets. As of July 22, the Protection Fund hit an all-time high of $779.7 million, reflecting strong capital backing during a period of elevated market activity. The fund’s daily valuation ranged from a low of $686.5 million on July 1 to the peak mi
2025-08-07
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 sell PIBitget lists PI – Buy or sell PI quickly on Bitget!
Trade now