- Binance.US has partnered with Fireblocks to enhance its digital asset management, incorporating advanced custody and wallet technology for improved security.
- This collaboration will support Binance.US’s extensive staking and trading services, bolstering its infrastructure and user experience.
In a strategic move aimed at bolstering its digital asset management, Binance.US has announced a partnership with Fireblocks. This collaboration will see Binance.US adopting Fireblocks’ advanced technology for custody and wallet infrastructure, marking a significant upgrade in its operational capabilities.
Fireblocks, renowned for its robust infrastructure technology, will play a pivotal role in enhancing Binance.US’s security measures. The new integration will support a range of services including staking and trading, which are critical components of Binance.US’s offerings. According to Binance.US, the platform currently boasts the largest on-chain staking service in the United States, and this upgrade aims to fortify its security framework even further.
Expanding Staking and Trading Services
As part of this integration, Binance.US will continue to provide a comprehensive trading experience, featuring over 150 tokens for spot trading and more than 20 tokens available for staking. Staking, a process where users lock up their digital assets to aid in blockchain operations, not only supports network validation but also offers users the opportunity to earn cryptocurrency rewards.
Christopher Blodgett, Chief Operating Officer of Binance.US, highlighted the importance of this partnership, stating, “As part of our continuous efforts to improve our exchange infrastructure and enhance the Binance.US user experience, we are excited to integrate Fireblocks to expand our custody offerings and introduce new wallet solutions.”
Fireblocks’ Role and Industry Impact
Fireblocks’ wallet technology is renowned for its high security and operational efficiency. Michael Shaulov, CEO of Fireblocks, expressed confidence in the collaboration, noting, “Our wallet infrastructure provides the highest level of security and operational efficiency, which aligns perfectly with Binance.US’s commitment to protecting customer assets.”
This partnership is a strategic step for Binance.US as it continues to grow and evolve in the competitive cryptocurrency space. Fireblocks’ infrastructure is also widely utilized across the crypto industry for digital asset custody, transfers, and wallet management. Notably, Coinbase International Exchange recently joined the Fireblocks Network to enhance its futures and spot trading features for institutional and retail clients.
The collaboration between Binance.US and Fireblocks is set to enhance security, operational efficiency, and service offerings on the platform. As both companies continue to innovate, this partnership will likely play a crucial role in shaping the future of cryptocurrency exchanges.
