{"id":18056,"date":"2024-10-24T16:25:29","date_gmt":"2024-10-24T13:25:29","guid":{"rendered":"https:\/\/forklog.com\/en\/blofin-exchange-adopts-fireblocks-cold-wallet-system\/"},"modified":"2024-10-24T16:25:29","modified_gmt":"2024-10-24T13:25:29","slug":"blofin-exchange-adopts-fireblocks-cold-wallet-system","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blofin-exchange-adopts-fireblocks-cold-wallet-system\/","title":{"rendered":"BloFin Exchange Adopts Fireblocks&#8217; Cold Wallet System"},"content":{"rendered":"<p>The cryptocurrency exchange <a class=\"tracking_link\" href=\"https:\/\/blofin.com\/\" target=\"_blank\" rel=\"noopener\">BloFin<\/a> has partnered with the crypto custody service provider Fireblocks. The latter will secure the platform&#8217;s client assets using its cold wallet system, according to a press release.<!--more--><\/p>\n<p>The collaboration with Fireblocks will streamline the management of cold wallets on BloFin and ensure the secure and swift transfer of assets.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite><em>\u201cSuch operational efficiency is essential to meet the dynamic needs of our users in the ever-evolving cryptocurrency market. Fireblocks&#8217; reliable infrastructure allows BloFin to stay at the forefront of market trends, ensuring protection and access to large volumes of assets,\u201d the exchange&#8217;s press release states.<\/em><\/cite><\/p><\/blockquote>\n<p>In October, BloFin <a class=\"tracking_link\" href=\"https:\/\/support.blofin.com\/hc\/en-us\/articles\/10889549412495-New-System-Features-In-memory-Processing-and-Raft-Consensus-Algorithm\" target=\"_blank\" rel=\"noopener\">implemented<\/a> 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.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image1-148-1024x576.jpg\" alt=\"image1-148\" class=\"wp-image-243846\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image1-148-1024x576.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/image1-148-300x169.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/image1-148-768x432.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/image1-148-1536x864.jpg 1536w, https:\/\/forklog.com\/wp-content\/uploads\/image1-148.jpg 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a class=\"tracking_link\" href=\"https:\/\/support.blofin.com\/hc\/en-us\/articles\/10889549412495-New-System-Features-In-memory-Processing-and-Raft-Consensus-Algorithm\" target=\"_blank\" rel=\"noopener\">BloFin<\/a>.<\/figcaption><\/figure>\n<p><a class=\"tracking_link\" href=\"https:\/\/blofin.com\/\" target=\"_blank\" rel=\"noopener\">BloFin<\/a> 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 <span data-descr=\"anti-money laundering\" class=\"old_tooltip\">AML<\/span>\/<span data-descr=\"know your customer\" class=\"old_tooltip\">KYC<\/span> requirements.   <\/p>\n<p><a class=\"tracking_link\" href=\"https:\/\/www.fireblocks.com\/\" target=\"_blank\" rel=\"noopener\">Fireblocks<\/a> is a provider of crypto custody services focused on institutional clients, serving over 1800 organizations in traditional finance and payments. In 2024, the company <a href=\"https:\/\/forklog.com\/en\/news\/blackrocks-rwa-fund-assets-surpass-500-million\">joined<\/a> BlackRock&#8217;s tokenization initiative.<\/p>\n<p>Previously, Chainalysis, Fireblocks, and Gauntlet <a href=\"https:\/\/forklog.com\/en\/news\/forbes-recognizes-three-crypto-firms-among-top-50-fintech-companies\">were included<\/a> in Forbes&#8217; list of the top 50 fintech companies in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange BloFin has partnered with the crypto custody service provider Fireblocks. The latter will secure the platform&#8217;s client assets using its cold wallet system, according to a press release.<\/p>\n","protected":false},"author":1,"featured_media":18055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1386,57],"class_list":["post-18056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-fireblocks","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"67","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18056"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18055"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}