Cryptocurrency exchange Bitunix has increased its Care Fund from $30 million to $50 million USDC, expanding the reserve available to support users in exceptional situations. The company has also identified the fund’s new on-chain address, providing a way to track the reserve on the blockchain.
The Care Fund is designed to help protect user assets and support compensation for unexpected incidents that require an exchange-level response. These include abnormal events, not routine market outcomes. Any potential compensation depends on the circumstances of the incident and the outcome of the investigation.
The increase brings the fund to $50 million USDC. According to Bitunix, the reserve already covers the full value of its hot wallets, adding another layer to the exchange’s existing asset protection measures.
On-Chain Address Adds Transparency
Bitunix has identified the new on-chain address associated with the Care Fund, allowing the reserve to be examined on the blockchain. The address can be validated on Etherscan.
On-chain visibility can help users and market observers verify the balance held at a particular address. The address should be checked against Bitunix’s official information to confirm that it belongs to the Care Fund.
A Separate Reserve Within a Broader Security System
The Care Fund is one part of Bitunix’s broader approach to protecting user assets. Rather than relying on a single measure, the exchange combines custody arrangements, account security controls, penetration tests, user insurance, Proof of Reserves and a dedicated fund for exceptional incidents.
These measures serve different purposes. Custody arrangements help secure assets, Proof of Reserves supports the verification of asset holdings, and the Care Fund provides a dedicated reserve that may be used to address eligible user losses in unexpected situations.
The $50 million fund is already sufficient to cover the full value of Bitunix’s hot wallets, according to the company. Hot wallets are connected to the internet and are used to support transactions and withdrawals. Maintaining a reserve that covers their full value adds a further layer of protection if an exceptional incident affects the exchange.
Third-Party Custody Instead of Building Wallet Infrastructure In-House
Bitunix also differs from exchanges that develop and manage their own wallet infrastructure. The exchange works with established third-party custody providers, including Fireblocks and Cobo, to support the safekeeping and management of digital assets.
Both providers use multi-party computation (MPC) technology. Each private key is split into separate shares so that no single key can move user funds on its own. A significant portion of user assets is also kept in offline cold storage.
The Care Fund sits atop this setup as an added safeguard. It covers extreme scenarios that custody controls alone cannot fully rule out. The Care Fund is not a replacement for secure custody or other preventive controls. Instead, it provides an additional reserve for exceptional circumstances in which an exchange-level response may be required.
Using specialist custody providers allows Bitunix to rely on dedicated custody infrastructure rather than building its entire wallet security system in-house. This approach forms part of the exchange’s broader security framework, alongside the Care Fund and other asset protection measures.
Cases involving potential compensation are assessed individually. Bitunix reviews the circumstances of an incident, verifies the affected accounts or transactions, and determines the appropriate response based on the available evidence and applicable rules.
Bitunix initially launched the Care Fund in 2025 with $30 million USDC. Its expansion to $50 million reflects the continued development of this protection system. More information about the Bitunix Care Fund can be found in exchange’s official website.
About Bitunix
Bitunix is a global cryptocurrency derivatives exchange trusted by over 5 million users across more than 150 countries. Guided by its core principle of better liquidity, better trading, the platform is built for traders who expect more, committed to providing Ultra Trust, Ultra Products, and Ultra Experience. Bitunix offers a fast registration process and a user-friendly verification system to ensure safety and compliance. With global standards of protection through Proof of Reserves (POR) and the Bitunix Care Fund, the exchange prioritizes user trust and fund security. Industry-first innovations like Fixed Risk, TradingView-powered chart suite, along with indicator alerts, cloud-synced templates, provide both beginners and advanced traders with a seamless experience. Making Bitunix one of the most dynamic platforms on the market.
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