Sygnum and Fireblocks Team Up for Safer Crypto Storage
In the fast-changing world of digital money, keeping it safe is super important. Sygnum, a top digital asset bank, has joined forces with Fireblocks to make crypto storage safer on Deribit. This move makes digital asset transactions more secure and opens up new possibilities for big investors. Let’s find out more about this cool partnership and how it’s shaping the future of crypto storage.
What’s Fireblocks All About?
Fireblocks is famous for its strong and flexible platform that makes managing, trading, and moving digital assets a breeze. By using Fireblocks’ technology, Sygnum can keep digital assets safe and easy to manage. 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 Storage is Cool
Storing assets outside of exchanges has some big benefits, like less risk and more security. When you store your assets off-exchange, you’re less likely to lose them if the exchange gets hacked or someone tries to access your account without permission. With Fireblocks and Sygnum working together, managing your digital assets is safe and easy.
Sygnum and Deribit: A Winning Team
Sygnum’s team-up with Deribit, a popular place to trade digital assets, is a big deal. Now, Deribit users can store their assets safely off-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 Storage
As the crypto world keeps growing, with digital assets worth over $3.2 trillion[5], keeping them safe is more important than ever. 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 comfortable using digital assets.
So, What’s the Bottom Line?
In short, Sygnum’s use of Fireblocks’ technology to offer safer crypto storage on Deribit is a big deal. This partnership makes digital assets safer and shows how the crypto storage world is changing. As the industry grows, partnerships like these will help build trust and drive innovation.
Sources: CoinDesk, Fireblocks, PR Newswire