fireblocksis testing a hybrid custody solution that its clients can use to protect their assets even when transacting on crypto platforms.
This tested platform will allow users to keep their crypto assets under surveillance even while trading on exchanges. Funds will be released from custody only when trades need to be closed. Among the project partners HuobiAnd Deribitis also included.
“Investors Behave More Cautiously After FTX Crisis”
fireblocksSenior Vice President, Financial Markets Stephen Richardson He said the regulation could help customers minimize their exposure to crypto platforms. Richardson added that institutional investors have been cautious about holding crypto assets on exchanges following FTX’s collapse in November.
fireblocksWith this development, it joins the companies that offer hybrid storage services. copperAnd fidelity digital Assets Institutional crypto custodians, such as crypto custodians, also have such over-the-counter platforms as part of their suite of services. Binance Custody also has a similar product that allows customers to reflect their cold wallet holdings onto their trading accounts. In these services, assets remain secure and inseparable from custody platforms until transactions are concluded.
