The cryptocurrency exchange BloFin has partnered with the crypto custody service provider Fireblocks. The latter will secure the platform’s client assets using its cold wallet system, according to a press release.
The collaboration with Fireblocks will streamline the management of cold wallets on BloFin and ensure the secure and swift transfer of assets.
“Such operational efficiency is essential to meet the dynamic needs of our users in the ever-evolving cryptocurrency market. Fireblocks’ reliable infrastructure allows BloFin to stay at the forefront of market trends, ensuring protection and access to large volumes of assets,” the exchange’s press release states.
In October, BloFin implemented updates on its platform, including In-memory Processing and the Raft Consensus Algorithm. These enhancements provide stable and fast order processing and optimize trading systems during periods of high market activity.
BloFin is a centralized cryptocurrency exchange supporting over 350 perpetual contracts and 250 spot pairs, offering copy trading and demo trading services. The platform collaborates with the analytics firm Chainalysis to comply with AML/KYC requirements.
Fireblocks is a provider of crypto custody services focused on institutional clients, serving over 1800 organizations in traditional finance and payments. In 2024, the company joined BlackRock’s tokenization initiative.
Previously, Chainalysis, Fireblocks, and Gauntlet were included in Forbes’ list of the top 50 fintech companies in 2024.