Fireblocks, an enterprise-grade platform providing the infrastructure for moving, storing, and issuing digital assets, announced on Thursday it will be supporting BlockQuake, a regulatory-driven digital asset exchange upon its upcoming launch. Fireblocks reported that BlockQuake will utilize its MPC-based wallet infrastructure to advance its exchange operations increasing the speed at which customers can access and withdraw funds. As part of the support, BlockQuake will be joining the Fireblocks Network, in order to connect with some of the largest financial institutions and exchanges.
Fireblocks further noted that it aligns with BlockQuake on its focus on regulatory compliance, performance, and security. Its addition to the BlockQuake Exchange will bring traders a highly trusted and secure trading platform that is more equipped to handle peak trading volume.
“Upon launch, BlockQuake’s centralized exchange plans to provide traders with six fiat on-ramps, seven cryptocurrencies, and seven stable coins. With the goal of providing traders with the greatest number of options on a single platform, it plans to continuously onboard additional fiats, cryptocurrencies, and other digital assets.”
Fireblocks then stated that the BlockQuake Exchange will allow traders from over 140 countries to deposit funds through their credit/debit card and feature a trading fee of .2% for both makers-takers and no fees for withdrawals. Fireblocks added:
“[BlockQuake] will also increase accessibility to retail and institutional traders through accepting corporate, retirement, and trust accounts. Towards being an industry-standard in global compliance, BlockQuake has partnered with qualified custodian Prime Trust and applied for a New York State BitLicense, currently pending approval.”
Founded in 2018, Fireblocks claims it streamlines operations by bringing all your exchanges, OTCs, counterparties, hot wallets, and custodians into one platform. Wallets, deposit addresses, and API credentials are secured using patent-pending chip isolation technology and the newest breakthrough in cryptography (MPC).