Institutional digital asset Fireblocks announced today it had integrated Crypto.com into the Fireblocks Network, the largest and most active digital asset transfer network for institutions.
The move will allow Crypto.com to expand its reach to over 400+ institutional participants through the Fireblocks Network, which includes some of the biggest global banks, liquidity providers, OTCs, hedge funds, and asset managers.
Expanding our global reach to 400+ institutional participants, who can enjoy secure connectivity to and instant settlements on the Exchange.
— Crypto.com (@cryptocom) June 17, 2021
“Being on board the Fireblocks Network will allow Crypto.com to increase the company’s institutional trading volume, and overall presence at a global level,” said Eric Anziani, Chief Operating Officer of Crypto.com.
Anziani added the team had transitioned to Fireblocks for our internal treasury management system, and the Crypto.com exchange integration with the Fireblocks Network is yet “another step in creating a secure infrastructure for institutions to enter the digital asset space.”
The Crypto.com exchange features the fastest matching engine in the industry, supporting 2.7 million transactions per second, ultra-low core latency of 50 microseconds, and 5 microseconds 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 world’s 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, in a statement.
Fireblocks’ all-in-one platform currently exceeds over $700 billion in transfer volume. It is designed to increase operational efficiency and heighten the growth of all partners, tokens, and exchanges on its platform.
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