Coincover, a provider of protection and insurance for digital assets, is launching an extra layer of protection service which screens transactions to detect risk of fraud or hacking.

In an announcement, the firm said it has launched ‘Protected Co-Signing’ service to help reduce the risk in digital asset transactions.

Coincover said it is working with Onramp, a bitcoin asset-management platform, the first form to use the new security protection. Protected Co-Signing is being made available to all custody platforms that use key material distributed between multiple entities to sign transactions.

We are thrilled to announce the launch of our latest service, setting the standard for secure Bitcoin transactions: Protected Co-signing

Coincover Unveils ‘Protected Co-Signing’ for Crypto Transactions to Prevent Fraud and Hacks

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