Bitspark collaborates with BitGo to secure client funds

Bitspark, a Hong Kong-based firm, has associated with BitGo to make use of its multisignature wallet service to protect client funds.

Bitspark offers a cryptocurrency exchange that supports several fiat and crypto currencies, merchant integration, a remittance service and loans. In the current limited beta mode, no trading fee is charged on the exchange.

The multisignature technology provided by BitGo, greatly reduces the possibility of successful attack or theft by a potential hacker. Moreover, it entered a deal with Innovation Insurance Group LLC whereby paying clients are insured against theft or loss of up to $250,000, with additional coverage available for a fee of 1% annually.