Considering the safety and security of the customer accounts, Tradehill Inc., an exchange for Bitcoin, is moving customer accounts to a U.S. credit union. The organization with this measure aims to make it easier for clients to complete transactions with complete safety and security. Though it claims that it has a reputation as the most professional institution in the virtual currency space, it still wants to assure customers.
Safety of Funds Paramount for Tradehill Inc.
Assuring its customers with the latest measures to bring them the best and the safest Bitcoin transactions, the organization claims that within a month of re-launching, it has executed over a million USD in Bitcoin exchanges. The latest result is heartening for the organization which was launched in June 2011 and functioned as the second largest Bitcoin exchange in the world.
Though stopped working for some time in January 2012, Tradehill Inc. is moving accounts to the credit union so that it can win more business from investors and financial institutions which are interested in Bitcoin trading. Once decision is final, customers’ holdings with Tradehill will be transitioned to federally-insured accounts at the Internet Archive Federal Credit Union.
Conservation of Reputation Built Over the Years
Tradehill Inc. is very careful about its reputation and for that it takes special measures like this to ensure that customers do not get duped which has happened a lot recently with some other Bitcoin exchanges. The company considers that its most valuable assets are its reputation for integrity, professionalism and fairness and wishes to keep it intact.
Commitment for Safety and Security of Customers’ Funds
A source from Tradehill Inc. reveals that the company recognizes that its actions are the foundation of its reputation and adhering to a strict code of ethics and applicable law is imperative; the measure to transfer customer accounts to the Internet Archive Federal Credit Union is aimed towards the same direction.
Tradehill Inc. firmly believes that its business affairs with honesty and integrity will bring more customers and for that it is focusing on the new practices to provide them better user-experience.
The company complies with all applicable laws, rules and regulations and provides better Bitcoin trading experience and now with the measure to transit the Internet Archive Federal Credit Union is a decision that will help them to a great extent providing the safe transactions.
To contact the reporter of this story: Deepak Tiwari at firstname.lastname@example.org