BloFin Harnesses Fireblocks to Provide Leading Security for Cold Wallets

GlobeNewswireOctober 18, 20244 min

BloFin, a cutting-edge and secure cryptocurrency centralized exchange (CEX), is proud to announce its partnership with Fireblocks, a leader in digital asset security, to enhance the protection of user assets through industry-leading cold wallet technology.

As a crypto exchange offering over 350 cryptocurrency perpetual contract trading pairs and more than 250 spot trading pairs, BloFin is dedicated to delivering a secure and user-friendly trading environment. BloFin has prioritized safety and compliance, launching its exchange in January 2023. With a commitment to providing both beginner-friendly services and advanced trading tools for experienced traders, BloFin has set itself apart as a trusted platform for cryptocurrency trading.

Strengthening Security Amidst Industry Challenges

From day one, BloFin utilized Fireblocks’ secure and efficient custody solution. Fireblocks stood out for its exceptional security measures, including advanced encryption and secure hardware components, which are crucial for safeguarding user assets stored in cold wallets. By employing Fireblocks, BloFin ensures operational efficiency while maintaining the highest security standards.

Fireblocks significantly enhance BloFin’s security while streamlining cold wallet management, enabling secure and rapid asset transfers. This operational efficiency is essential for meeting the dynamic needs of our users in the ever-evolving cryptocurrency market. The robust Fireblocks infrastructure empowers BloFin to remain at the forefront of market trends, ensuring that large volumes of assets are protected and readily accessible. BloFin is committed to aligning with emerging trends, particularly in compliant exchanges, while continuously enhancing the offerings to foster user trust and satisfaction.

BloFin advanced trading engine delivers superior speed and reliability with new system upgrades

BloFin, which has consistently focused on providing excellent services with the highest efficiency and rapid response to users in futures trading. In line with the high standards set by the world’s leading exchanges, BloFin is proud to announce this technology optimization. The integration of In-memory Processing and the Raft Consensus Algorithm System allows for quicker execution and enhanced response times, even during high-traffic trading moments.

Stay Ahead of the Financial Curve with Our Latest Fintech News Updates!

GlobeNewswire

newOriginal-white-FinTech1-1

We are one of the world’s leading Fintech-based media publication with our content strategized and synthesized to fit right into the expanding ecosystem of Finance professionals. Be it fintech live news, finance press releases, tech articles from Fintech evangelists or interviews from top leaders from global fintech firms, we give the best slice of knowledge topped up with the aptest trends. Our sole mission is to help tech and finance professionals step up with the rapidly emerging Fintech civilization and gain better insights to emerge victorious in every possible way. We adopt a 360-degree approach in order to cater to present a holistic picture of the fintech arena.

Our Publications



FintecBuzz, 2024 © All Rights Reserved