[ad_1]
Cryptocurrency custody firm Fireblocks has announced a partnership with Coinbase International Exchange, the non-U.S. division of Coinbase Global Inc. (NASDAQ:COIN), to provide more secure trading features for institutional and retail clients in eligible jurisdictions, the companies reported on Monday.
Through this partnership, Fireblocks customers can now link their accounts with Coinbase International Exchange, safeguarding operations such as withdrawals and deposits with Fireblocks’ governance and policy rules, according to a statement.
Coinbase International Exchange obtained a regulatory license from the Bermuda Monetary Authority in May 2023. Initially, it operated as a derivatives exchange for institutions and later added spot crypto trading for retail clients.
Fireblocks utilizes Multi-Party Computation technology to eliminate single points of compromise in API credentials and secure hardware enclaves to prevent threats and inside collusion attacks. Customers can leverage Fireblocks’ policy engine to set up user roles, governance policies, and approval workflows for deposit and withdrawal operations, ensuring protection against unauthorized fund movements. They can also manage deposits, withdrawals, and account rebalancing through the Fireblocks Console or API while monitoring all connected account balances.
“As we continue to expand our offerings for institutional and retail clients, this collaboration underscores our commitment to providing a robust and reliable trading infrastructure for our global clientele,” said Usman Naeem, CEO of Coinbase International Exchange.
Featured Image: Freepik
[ad_2]
Source link
