HTX is the latest global exchange to integrate with Fireblocks Off Exchange, a first-of-its-kind solution that enables trading firms and asset managers to mitigate counterparty risk while trading on centralized exchanges.
Through integrating with Off Exchange, HTX looks to strengthen their digital asset security, streamline global compliance operations, and create a better virtual asset trading experience for their users.
By working with Fireblocks, HTX will deliver a more secure trading environment and an enhanced user experience. HTX is committed to establishing itself as the world’s leading one-stop trading platform, earning the trust of millions of users worldwide.
Battle-tested technology and real-time settlement on Fireblocks Off Exchange
Fireblocks Off Exchange utilizes MPC technology to help traders mitigate exchange counterparty risk by locking funds in secure MPC-based shared wallets.
HTX recognizes the launch of Fireblocks Off Exchange as a milestone in risk mitigation for over-the-counter (OTC) transactions in the cryptocurrency market. HTX is committed to consistently reducing trading risks and enhancing the overall trading experience. By working with Fireblocks, HTX aims to contribute to a cryptocurrency ecosystem that fosters greater freedom in trading, while simultaneously decreasing risk and increasing liquidity.
Users from both platforms can seamlessly perform instant transfers, payments, and other operations directly through their HTX accounts. This move enhances the platform’s global presence and provides a myriad of investment opportunities for users worldwide.
Exchanges are increasingly looking to innovative technology and institutional-grade security to address the challenges around counterparty risk and to ensure customer funds are protected. Fireblocks Off Exchange provides HTX with the ability to monitor and validate client collateral on-chain and enforce risk management without taking custody, as well as increases liquidity and maximizes capital efficiency, creating a more secure digital asset trading environment.
