HTX, a well-known crypto exchange in South Korea, has announced its exclusive integration with Fireblocks, a popular platform offering digital asset infrastructure. The integration of Fireblocks aims to improve HTX’s institutional infrastructure as well as provide a compliant, secure, and robust trading atmosphere for worldwide professional investors. The platform revealed this development on its official social media account.
HTX Integrates with Fireblocks to Enhance Institutional Services
As a part of the collaboration between HTX and Fireblocks, the former will integrate the Off-Exchange asset mapping feature of the latter. This indicates the wider strategy of HTX in improving the service infrastructure for institutions. Fireblocks operates as an advanced platform offering secure infrastructure for the transaction and custody of digital assets. It also offers its latest technologies to HTX, strengthening the security framework.
The integration permits the institutional users to benefit from a relatively secure operational environment. In this respect, they can also maintain control of the assets in their possession. The Off-Exchange feature enables institutional consumers to keep assets in their self-managed collateral accounts. In this respect, they get a credit line of up to 1:1 on HTX in line with the collateral balance. The respective structure decreases counterparty risks linked with centrally controlled exchanges, apart from preserving the liquidity, flexibility, and speed-related benefits of trading on CEXs.
Maintaining Leading Position in Wide-Scale Crypto Innovation
According to HTX, the integration with Fireblocks places HTX in a leading position to cater to the increasing demand for compliant and secure trading solutions. The move lets institutional users make a clear distinction between asset custody and exchange operations. In this way, HTX addresses a key concern faced by traders. Moreover, with this development, HTX intends to stay atop in the case of crypto innovation.
