Fireblocks, a cryptocurrency custody firm, has recently announced a partnership with Coinbase International Exchange, the non-U.S. arm of the popular trading platform. This collaboration aims to enhance the security and protection of customers’ operations on the exchange, specifically focusing on withdrawals and deposits. Fireblocks’ innovative MPC technology, coupled with policy rules, will be used to safeguard these transactions, ensuring that users can securely connect to their Coinbase International Exchange account.
The collaboration between Fireblocks and Coinbase International Exchange comes as the exchange continues to expand its offerings for institutional and retail clients. By leveraging Fireblocks’ governance and policy rules, customers can configure user roles, approval workflows, and other security measures to protect against unauthorized transactions. This partnership underscores both companies’ commitment to providing a robust and reliable trading infrastructure for their global clientele, as highlighted by Usman Naeem, CEO of Coinbase International Exchange.
Coinbase International Exchange, which received a regulatory license from the Bermuda Monetary Authority in 2023, offers a range of services including perpetual futures and spot trading for eligible jurisdictions. The addition of security features provided by Fireblocks further enhances the exchange’s reputation as a trusted and secure platform for cryptocurrency trading. Through the use of MPC technology and secure hardware enclaves, Fireblocks aims to eliminate a single point of compromise from API credentials, reducing the risk of threats and insider attacks.
Customers of Fireblocks can now benefit from enhanced security measures when connecting to their Coinbase International Exchange account. The use of Fireblocks’ policy engine allows for the configuration of governance policies, approval workflows, and other security settings to protect against unauthorized access and fraudulent activities. Additionally, customers can easily monitor their account balances, deposit, withdraw, and rebalance assets across the Fireblocks Console or API, providing a seamless and secure trading experience on the exchange.
In conclusion, the partnership between Fireblocks and Coinbase International Exchange represents a significant step towards enhancing security in the cryptocurrency trading space. By leveraging Fireblocks’ innovative MPC technology and policy rules, customers can enjoy enhanced protection for their exchange operations, ensuring a safe and secure trading experience. As both companies continue to expand their offerings and cater to a global clientele, this collaboration underscores their commitment to providing a reliable and robust trading infrastructure for institutional and retail clients.
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