Bitunix, a cryptocurrency derivatives exchange, has announced a partnership with Cobo, a provider of digital asset custody.

The collaboration will see Cobo's wallet-as-a-service integrated into the Bitunix exchange, offering enhanced security for traders. Bitunix has also secured $10 million in funding and expanded to the UK and Dubai, with plans to expand further into Latin America, Asia, and Africa. The partnership with Cobo is part of Bitunix's strategy to work with leading third-party asset security providers to ensure the highest level of security for its users.