Blockchain protection firm Coincover has partnered with global fintech AlphaPoint to safeguard its customers via its asset protection technology.
Coincover will provide AlphaPoint with an additional layer of protection by enabling them to mitigate security risks such as hacking, human error and scams.
In turn, this will provide users of Alpha Point to gain enhanced security to the digital asset infrastructures the fintech provides, increasing the company’s viability as a safety-conscious exchange with crypto security at the forefront.
Igor Telyatnikov, Co-Founder & CEO at AlphaPoint, said: “At AlphaPoint, enabling our customers’ success is our top priority. By collaborating with Coincover, a top innovator in asset protection, we’re providing our customers with leading-edge insurance to safeguard their assets.
“This partnership demonstrates our commitment to delivering complete peace of mind through institutional-grade security and infrastructure.”
In a recent Coincover report, surveying more than 16,000 crypto and non-crypto users, it found that hacking and security risks were one of the biggest barriers to adoption, behind volatility and financial risk.
The ‘Securing the Future of Cryptocurrencies’ report data also showed that adopting protecting solutions, such as insurance and security technology, would help build confidence in the market and overall sector.
Ridhima Durham, Chief Commercial Officer at Coincover, added: “Asset protection has become the norm when it comes to safeguarding and monitoring digital assets, and we are proud that AlphaPoint has integrated with Coincover to give customers access to the gold standard of asset protection.”