Crypto Security Platform Fireblocks Now Supports 5 More Exchanges

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Digital asset cybersecurity startup Fireblocks announced that it now supports five more cryptocurrency exchanges, bringing the total number of covered platforms to 20.

According to the official announcement, “with this release, market makers, prop traders and OTCs have a simple and secure unified workflow for securing assets in motion between 20 different exchanges.” The release states:

“Fireblocks, an enterprise platform for securing digital assets in transit, announced today five new exchange integrations, adding support for OKCoin, OKEx, Korbit, Bithub, and HitBTC. This release also expands current integrations with Huobi Global's API and Deribit, extending its umbrella of protection to a total of 20 exchanges.”

Investing in crypto security

As Cointelegraph reported previously, the New York-based startup announced its launch out of “stealth mode” with $16 million in funding on June 11.

At the time, Fireblocks obtained the capital during its Series A funding round from Cyberstarts, Tenaya Capital, EightRoads (Fidelity INTL), Swisscom Ventures and MState. The startup reportedly counts crypto merchant bank Galaxy Digital, over-the-counter digital trading platform Genesis Global Trading and others among its customers.

Initially, the startup supported “15 digital asset exchanges” and offered “support for over 180 cryptocurrencies, tokens, and stablecoins.”

According to Michael Shaulov, CEO and co-founder of Fireblocks, his startup created a platform which “secures the process and simplifies the movement of funds into one or two steps.”

As we reported previously, cryptocurrency wallet provider Komodo effectively hacked itself to prevent fraudsters from accessing its users’ funds.

Original Article – CoinTelegraph.com