ZebPay Chooses BitGo to Secure Their 3 Million Users' Digital Assets
Type of Business
Crypto-Currency Exchange Firm
ZebPay is a global crypto asset exchange founded in India and based in Singapore. It has offices in Australia and provides online services globally in 162 countries. Started in 2014, ZebPay has long been a player in the crypto field and holds the distinction of the oldest crypto-exchange in India with a user base of 3 million. Prioritizing security for their global clients has been of the utmost importance and an essential feature for their platform. ZebPay, already a pioneer in setting standards for wallet and transactional safety for the Indian crypto industry, needed premium protection from rising crypto thefts and hackings.
When searching for a custody provider, ZebPay developed a strict list of criteria as it searched for a solutions provider who would take security as seriously as they did. BitGo checked all of the boxes and then some: exceptional security standards, top industry reputation, easy to implement API's, and attractive pricing. When asked why they picked BitGo, ZebPay explained, "BitGo is one of the oldest and most secure custody providers for digital assets. To offer best-in-class security to our customers, we chose to partner with BitGo Inc. for hot wallets BitGo Trust for qualified custody. BitGo's reputation is well deserved, and they work hard to earn it."
BitGo, the leader in institutional digital asset custody, trading, and lending, empowers their clients to focus on their core business by removing the worry of digital asset custody and security by providing a connected and secure suite of solutions.
BitGo APIs have also helped ZebPay automate its infrastructure for handling customers’ crypto deposits and withdrawals. For deposits, ZebPay uses BitGo's address generation API to generate and assign addresses to the user. When the user places a request to withdraw his Bitcoin to an address outside of ZebPay, BitGo’s transaction creation and signing APIs enable automatic sending to the entered destination address. BitGo APIs also power processes for monitoring and auditing wallet activity.
BitGo was first to market with multi-signature security for hot wallets in 2013 and has since become the industry gold standard for securing digital assets. Multi-signature security is an open-source protocol and has undergone thorough testing and evaluation by the crypto security community. As an early adopter of multi-sig, ZebPay increased customer trust and enhanced the security reputation of India’s emerging crypto industry. The BitGo API has enabled ZebPay to provide customers with faster withdrawals and easy-to-manage refills while safely securing digital assets in protected custody wallets.
BitGo Inc. has taken care of wallet management and helped manage automated wallets securely. UI interface and sophisticated access policies make it easier to manage the day to day refills. BitGo Trust’s custody solution has taken our overhead of managing cold wallets and the access and security around it.
Rahul Pagidipati, CEO, ZebPay,
The Benefits of BitGo
Robust API interface
100% multi-signature technology
Access to over 350+ coins and tokens
Insurance covering both theft and data breaches
Cryptocurrency Security Standard Level 3 and is SOC 2 compliant
Broad support for coins and tokens, forks, and airdrops
When asked how BitGo has helped its business, Rahul Pagidipati, CEO of ZebPay explains, "BitGo Inc. has taken care of wallet management and helped manage automated wallets securely. UI interface and sophisticated access policies make it easier to manage the day to day refills. BitGo Trust’s custody solution has taken our overhead of managing cold wallets and the access and security around it."
With digital asset security covered by BitGo, ZebPay is looking forward to expanding the number of customers they serve, and in particular, making Bitcoin accessible to people with modest incomes, so they are included and empowered. Pagidaipati continues, "ZebPay is a pioneer in the Indian crypto space. Security innovation has been a big part of that, and BitGo has been a key partner for a long time."
No legal, tax, investment, or other advice is provided by any BitGo entity. Please consult your legal/tax/investment professional for questions about your specific circumstances. Digital asset holdings involve a high degree of risk, and can fluctuate greatly on any given day. Accordingly, your digital asset holdings may be subject to large swings in value and may even become worthless.