Cryptocurrency custody company Fireblocks announced a partnership with Coinbase International Exchange, the non-U.S. division of Coinbase Global Inc. (NASDAQ:COIN), to provide more secure trading capabilities to institutional and retail customers in eligible jurisdictions, the companies said on Monday. Announced.
According to a statement, through this partnership, Fireblocks customers can now connect their accounts with the Coinbase International Exchange, securing operations such as withdrawals and deposits according to Fireblocks’ governance and policy rules.
Coinbase International Exchange obtained a regulatory license from the Bermuda Monetary Authority in May 2023. It initially operated as a derivatives exchange for institutions and later added spot cryptocurrency trading for retail customers.
Fireblocks leverages multi-party computing technology to eliminate single points of compromise in API credentials and secure hardware zones to prevent threats and insider collusion attacks. Customers can leverage Fireblocks’ policy engine to establish user roles, governance policies, and approval workflows for deposit and withdrawal operations to protect against unauthorized fund movements. You can also manage deposits, withdrawals, and account rebalancing through the Fireblocks console or API, while monitoring all linked account balances.
“As we continue to expand our services for institutional and retail customers, this collaboration highlights our commitment to providing a robust and reliable trading infrastructure to our customers around the world,” said Usman Naeem, CEO of Coinbase International Exchange.
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