Sygnum and Fireblocks: A New Way to Keep Crypto Safe
In the world of digital money, keeping your assets safe is super important. Sygnum, a big player in the digital asset banking world, has found a new way to do this by teaming up with Fireblocks. Let’s find out how this partnership is making crypto custody better and safer.
What’s Fireblocks and Why It’s Great for Crypto Custody
Fireblocks is like a super secure vault for digital assets. It helps banks, exchanges, and other big players manage their crypto safely and easily[5]. By using Fireblocks’ technology, Sygnum can now offer off-exchange crypto custody services on Deribit, a popular derivatives exchange. This means that Sygnum’s customers can keep their crypto safe without having to worry about exchange hacks or unauthorized access.
Why Off-Exchange Custody is a Good Thing
Keeping your crypto off the exchange has some big benefits. For one, it reduces the risk of losing your assets if the exchange gets hacked. It also makes it harder for anyone to steal your crypto without your permission. With Fireblocks’ help, Sygnum can offer this kind of secure off-exchange custody to its customers.
Sygnum and Deribit: A Winning Team
Sygnum’s partnership with Deribit is a big deal. Now, Deribit’s users can keep their crypto safe with Sygnum’s off-exchange custody services. This means that more people can trade crypto derivatives without worrying about their assets being at risk on the exchange.
The Future of Crypto Custody
As more people use crypto, the need for safe and secure ways to store it grows too. Sygnum and Fireblocks are working together to make crypto custody better and more secure. By providing these services, they’re helping to build trust in the crypto world and making it easier for more people to use digital assets.
So, What Does This Mean for Crypto Custody?
In simple terms, Sygnum’s use of Fireblocks’ technology to offer off-exchange crypto custody on Deribit is a big step forward. It’s making crypto custody safer and more reliable, which is great news for everyone using digital assets. As the crypto world keeps growing, partnerships like these will help shape its future.
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