Fireblocks Expands Cryptocurrency Exchange Support to 20 Platforms

Strength In Numbers: Five New Exchanges Added

Fireblocks, the digital asset cybersecurity wizard, has once again upped the ante by integrating five more cryptocurrency exchanges into its platform. This strategic move brings the total number of supported exchanges to a whopping twenty. Market makers, prop traders, and over-the-counter (OTC) traders can now breathe a sigh of relief, thanks to a simple and secure workflow for managing assets across these platforms.

New Kids on the Block: The Freshly Supported Exchanges

The latest additions to Fireblocks’ lineup are none other than OKCoin, OKEx, Korbit, Bithub, and HitBTC. Alongside these newcomers, the startup has also expanded its existing support for Huobi Global’s API and Deribit. Together, these integrations weave a robust safety net for traders eager to navigate the crypto waters smoothly.

Funding the Future: Fueling Growth and Innovation

Just in case you missed it, Fireblocks made headlines earlier this year when it sprang from stealth mode with a hefty $16 million in Series A funding. This capital infusion from notable investors like Cyberstarts, Tenaya Capital, and Swisscom Ventures has undoubtedly paved the way for its rapid expansion. With a growing clientele that includes the likes of crypto merchant bank Galaxy Digital, the company is clearly on the move.

A Platform Designed for The People (Read: Traders)

Michael Shaulov, the brain behind Fireblocks, emphasizes the platform’s advantage: it drastically simplifies moving funds, reducing the complexities involved to just one or two steps. For traders tired of complicated processes, this is like finding a unicorn in a field of donkeys!

Learning from Mistakes: The Komodo Incident

In a bizarre twist of fate, the crypto wallet provider Komodo reportedly “hacked” itself to protect its users from potential fraud. It’s a stark reminder that in the world of digital currencies, innovating security measures is just as crucial as expanding service offerings. Fireblocks is living proof that prioritizing cybersecurity results in a more trustworthy trading environment.