The long list of cryptocurrency exchange hacks tells the story of one of the Bitcoin industry’s biggest problems to date: Custodial exchanges are a big target for attackers and a centralized point of failure for those that rely on them. Just this year, about $ 200 million worth of cryptocurrency became inaccessible when QuadrigaCX’s CEO passed away, while Binance last month revealed it lost 7,000 bitcoin when its servers were hacked, a loss valued at over $ 40 million at the time. Over the past decade, a staggering estimate of $ 1.4 billion worth of crypto has been stolen or about 8 percent of all bitcoin in circulation today.
While Binance’s DEX has been the darling of the media lately, Singapore-based KuCoin recently announced the addition of non-custodial trading to the exchange through a partnership with Boston-based startup Arwen. KuCoin Partners with Arwen to Bring a Non-Custodial Trading Solution to Experienced KuCoin users Today, KuCoin is thrilled to announce that Arwen, in beta, is […]