On 20 January 2023, Huobi announced that it is currently cooperating with Fireblocks on institutional crypto custody and payments, and Off-Exchange services “to better serve clients who want greater security, control and capital efficiency on their assets.”
Fireblocks is the digital asset infrastructure “for thousands of leading trading desks, hedge funds, brokerages, custodians, and banks.” Through the Fireblocks Console, users can connect and trade “on over 30 exchanges, including Huobi.”
The Off-Exchange solution is “offered to users who want greater control over their own assets, allowing users to enjoy the various benefits of the exchange while avoiding the risk of a centralized malfunction.”
This cooperation with Fireblocks will “provide Huobi clients with more secured and reliable digital assets trading options.”
Huobi is “one of the world’s leading digital asset exchanges, supporting over 1000 trading pairs and more than 600 cryptocurrencies.” More news on the cooperation will be “announced soon.”
As a “world-leading” company in the blockchain industry, Huobi Group was founded in 2013 with a mission “to make breakthroughs in core blockchain technology and integration blockchain technology with other industries.”
Huobi Group has “expanded into public blockchains, digital assets trading, wallets, mining pools, proprietary investments, incubation, digital asset research, and more.”
Huobi Group has “established a global digital economy industry ecosystem by investing in over 60 upstream and downstream companies in the blockchain industry.”
As covered recently, Coincover, which claims to be the leading digital asset protection technology company, announces a new partnership with Fireblocks, an easy-to-use platform “to create innovative products on the blockchain and manage day-to-day crypto operations.”
The partnership provides Fireblocks customers “with a secure alternative for key backup and disaster recovery to ensure that users have access to and are in control of their assets at all times.”
As a non-custodial and direct-custody technology provider, Fireblocks believes that users should “have total control of their own assets, including where and how they store
their assets, in order to further mitigate counterparty risk.”