Fireblocks expands exchange connectivity

Blockchain security service provider Fireblocks has announced five new exchange integrations as well as expansions for its current integrations with Huobi Global and Deribit.

According to a press release shared with Coin Rivet, this will extend its umbrella of protection to 20 exchanges.

Fireblocks, an enterprise platform for securing digital assets in transit, will add support for OKCoin, OKEx, Korbit, Bithun, and HitBTC.

The platform allows users to securely deposit, withdraw, and rebalance assets between exchanges. The new integrations will allow market makers, prop traders, and OTCs to have a simple and secure unified workflow for securing assets between all the different exchanges.

The platform is easy to use for financial institutions that need to streamline digital asset trading operations without sacrificing security. Fireblocks can transfer assets across exchanges and wallets while keeping them readily available through patent-pending chip isolation security and MPC technology.

Its unique patent-pending Secure Transfer Environment and Hot Vault system enables secure operational handling of digital assets without exposure to different threats. This helps to fend off a growing number of attacks that are becoming increasingly sophisticated as the cryptocurrency industry continues to grow.

Idan Ofrat, CTO and co-founder of Fireblocks, commented: “The current state of the market expects a stronger, more secure foundation with the entry of institutional players that are required to hold accountability over its clients’ funds. We are continuously pushing the envelope to securely connect the institutional ecosystem, linking more and more venues, endpoints, and market participants.”

To find out more about Fireblocks and other developments in the cryptocurrency industry, make sure you follow Coin Rivet.