Cryptocurrency custody firm Fireblocks has announced a partnership with Coinbase International Exchange, a non-US spot and perpetual futures trading provider listed on the Nasdaq exchange in the regions legally qualified.
This partnership allows Fireblocks customers to connect their Coinbase International accounts and leverage Fireblocks' policy and governance protocols to protect exchange activities, including deposits and withdrawals.
The integration comes as Coinbase International, which received a regulatory license from Bermuda in May 2023, expands its services beyond its initial focus as a derivatives exchange for institutions.
Fireblocks uses Multi-Party Computation (MPC), a cryptographic key sharing technology, to eliminate a single point of vulnerability associated with API credentials, combined with secure hardware to provide the ability to Greater protection against potential threats and insider collusion attempts.
Through Fireblocks' policy engine, customers can set up user roles, define governance protocols, and set up approval processes for deposits and withdrawals on the exchange. Customers can also deposit, withdraw, and rebalance assets through the Dashboard or Fireblocks API.
#IOprediction #Metaverse #TopCoinsJune2024 #Binance200M #ETHETFsApproved
