Crypto.com Plans Global Institutional Expansion With Fireblocks

Fireblocks announced today that it has integrated Crypto.com into the Fireblocks Network, the largest and most active digital asset transfer network for institutions.

As institutional interest continues to play a vital role in the crypto ecosystem, this integration will allow Crypto.com to expand their reach to over 400+ institutional participants through the Fireblocks Network, which includes some of the biggest global banks, Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers, OTCs, hedge funds, and asset managers.

“Being onboard the Fireblocks Network will allow Crypto.com to increase the company’s institutional trading volume, and overall presence at a global level. We have already transitioned to Fireblocks for our internal treasury management system, and the Crypto.com Exchange integration with the Fireblocks Network is another step in creating a secure infrastructure for institutions to enter the digital asset space,” said Eric Anziani, Chief Operating Officer of Crypto.com.

The Crypto.com Exchange features the fastest matching engine in the industry, supporting 2.7m transactions per second, ultra-low core latency of 50 microseconds, and 5ms end-to-end for consumers. In addition, Crypto.com Exchange is powered by CRO, features deep liquidity, low fees and best execution prices.

Since launching in June 2020, the Fireblocks Network has grown 627%, amassing over 400 participants who are actively moving assets across and in between 30 of the worlds largest digital asset exchanges, such as Binance, Bitfinex, Coinbase, FTX and more. Now, members of the Fireblocks Network have secure exchange connectivity and instant settlement on Crypto.com from one central platform.

“We are excited that exchanges like Crypto.com are seeing real value in our institutional network, and understand the pivotal role that it can play in strategic growth and expansion plans,” said Michael Shaulov, Chief Executive Officer of Fireblocks. “The Fireblocks Network not only allows for a more secure and seamless way to transfer assets, but also serves as a discovery venue for the most active institutional participants in the digital asset space.”

Currently exceeding over $700B in transfer volume, Fireblocks’ all-in-one platform is designed to increase operational efficiency and heighten the growth of all partners, tokens, and exchanges on its platform.

About Fireblocks

Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks has secured the transfer of over $700 billion in digital assets and has a unique insurance policy that covers assets in storage & transit. For more information, please visit www.fireblocks.com.

About Crypto.com

Founded in 2016, Crypto.com today serves over 10 million customers with the world’s fastest growing crypto app, along with the Crypto.com Visa Card — the world’s largest crypto card program — the Crypto.com Exchange and Crypto.com DeFi Wallet. Recently launched, Crypto.com NFT is the premier platform for collecting and trading NFTs, carefully curated from the worlds of art, design, entertainment and sports.

Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.

Crypto.com is headquartered in Hong Kong with a 1,000+ strong team. Find out more by visiting https://crypto.com