Sygnum and Fireblocks: A New Way to Keep Crypto Safe
In the fast-changing world of digital money, keeping your assets safe is super important. Sygnum, a top digital asset bank, has just made a big move to make crypto custody better. They’ve joined forces with Fireblocks to offer off-exchange crypto custody services on Deribit. Let’s find out how this partnership is making crypto custody more secure and exciting for big investors.
What’s So Special About Fireblocks?
Fireblocks is famous for its strong and flexible platform. It helps with keeping, turning into tokens, paying, settling, and trading digital assets. By using Fireblocks’ technology, Sygnum can make sure digital assets are managed safely and efficiently. This partnership shows how important good custodial services are, especially for big investors who need high security and rules.[1]
Why Choose Off-Exchange Custody?
Off-exchange custody solutions have many benefits. They reduce the risk of losing money to others and make your assets more secure. By storing assets outside of exchanges, you can avoid the risk of hacks and unauthorized access. With Fireblocks and Sygnum working together, managing your digital assets is now safer and easier.[2]
Sygnum and Deribit: A Winning Team
Sygnum’s team-up with Deribit, a popular place to trade derivatives, is a big deal. Now, Deribit users can enjoy secure off-exchange custody, protecting their assets from exchange-related risks. This partnership shows that more and more people want safe and reliable ways to manage their digital assets.[3]
The Future of Crypto Custody
As the crypto market grows bigger, with digital assets worth over $3.2 trillion[4], keeping them safe becomes even more important. Sygnum and Fireblocks are working together to solve these security challenges. By offering safe custody solutions, they’re helping to build trust and make more people comfortable using 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. This partnership makes crypto custody more secure and shows how the industry is changing. As crypto keeps growing, collaborations like these will help build trust and drive innovation.[5]
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