Cryptocurrency custody company Fireblocks and Coinbase International Exchange, the non-US branch of the trading business which offers perpetual futures and spot trading for institutional and retail clients in certain locations, announced on Monday that they are working together.

Fireblocks’ customers can now connect their Coinbase International Exchange account and safeguard exchange operations, such as deposits and withdrawals, using Fireblocks’ governance and policy rules.

Coinbase International Exchange received a regulatory license from the Bermuda Monetary Authority in May 2023 to offer its services. It started as a derivatives exchange for institutions and later added spot crypto trading for retail customers.

Fireblocks uses Multi-Party Computation (MPC) technology, which involves sharing cryptographic keys, to eliminate any single point of compromise from API credentials. This is combined with secure hardware enclaves to prevent potential threats or collusion attacks from insiders.

Follow and like us on