The well-known Bitcoin exchange Tradehill has recently announced it has moved its costumers’ accounts to a North American credit union to assure bigger security levels. According to the company, its goal is to improve the clients’ experience during transactions, making them bulletproof.
A month after re-launching the service with its renewed features, Tradehill has executed Bitcoin exchanges worth more than $1 million.
The latest decision made by the service is also a way of attracting more businesses and investments from entrepreneurs and financial institutions interested in Bitcoin trading. Once the investors have decided to work with Tradehill, their money will be transitioned to federally-insured accounts at the Internet Archive Federal Credit Union, assuring more safety during transactions.
With this new feature, Tradehill might be trying to avoid regulation-related problems like the ones that affected big exchanges like Mt. Gox during the last year.
According to a source from Tradehill quoted by Forex Minute, the company recognizes that subscribing a strict ethic code through measures like this one is strictly necessary in times like these. The service believes that this decision will attract even more customers.