Sygnum and Fireblocks Team Up for Safer Crypto Storage
In the world of digital money, keeping your assets safe is super important. Sygnum, a big player in the digital asset world, has joined forces with Fireblocks to make storing crypto safer, especially for big investors. Let’s find out how this partnership is making waves in the crypto world.
What’s Fireblocks’ Role in Crypto Custody?
Fireblocks is famous for its strong and flexible platform that helps with storing, trading, and sending digital assets. By using Fireblocks’ technology, Sygnum can keep digital assets safe and manage them efficiently. This partnership shows how important it is to have good storage services in the crypto world, especially for big investors who need high security and rules to follow[1].
Why Off-Exchange Custody is Cool
Storing assets outside of exchanges has some big benefits. It’s like keeping your money in a safe at home instead of under your mattress. By doing this, you can avoid risks like exchange hacks and people trying to steal your money without permission. With Fireblocks and Sygnum working together, managing your digital assets can be easy and safe.
Sygnum and Deribit: A Winning Team
Sygnum has teamed up with Deribit, a popular place to trade crypto, to offer safer storage for their users. Now, Deribit users can store their assets safely off the exchange, protecting them from exchange-related risks. This partnership shows that more and more people want safe and reliable ways to manage their digital assets.
The Future of Crypto Custody
As more and more people use crypto, with the total value reaching over $3.2 trillion[5], keeping it safe becomes even more important. Sygnum and Fireblocks working together is a step towards making crypto storage safer. By offering secure storage solutions, they’re helping to build trust and make more people feel comfortable using digital assets.
So, What Does This Mean for Crypto Custody?
In simple terms, Sygnum and Fireblocks teaming up is a big deal in the digital asset world. This partnership makes storing crypto safer and shows how the crypto world is changing. As the industry grows, more partnerships like this will help build trust and drive innovation.
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Sources:
– CoinDesk
– Fireblocks
– PR Newswire