Japanese Cryptocurrency Trading Platform CoinTrade Announces Partnership with Fireblocks
According to reports, Japanese cryptocurrency trading and pledge service provider CoinTrade announced on Thursday that it has reached a partnership with Singapore\’s cryptocurrency
According to reports, Japanese cryptocurrency trading and pledge service provider CoinTrade announced on Thursday that it has reached a partnership with Singapore’s cryptocurrency custody platform Fireblocks to provide higher digital asset security for institutional clients.
CoinTrade and Fireblocks, a Japanese cryptocurrency exchange, have reached a partnership
Cryptocurrency trading has become increasingly popular in recent years, and with this increased demand comes the need for greater security measures. Japanese cryptocurrency trading and pledge service provider CoinTrade has recently announced their partnership with Singapore’s cryptocurrency custody platform Fireblocks. The joint effort aims to offer higher digital asset security for institutional clients. This article delves into the details of this new partnership and its potential impact on the cryptocurrency market.
What is CoinTrade?
CoinTrade is a Japanese online cryptocurrency trading and pledge service provider that seeks to offer the most convenient, secure, and reliable trading services to its customers. Founded in 2017, CoinTrade has grown to become one of the most trusted cryptocurrency service providers in Japan, with a strong focus on user security and regulatory compliance.
What is Fireblocks?
Fireblocks is a Singaporean cryptocurrency custody platform that provides secure digital asset storage solutions. The platform is designed to help institutional clients safeguard their cryptocurrencies, with a focus on providing a secure infrastructure for financial institutions, exchanges, and other large-scale businesses.
The Partnership Between CoinTrade and Fireblocks
CoinTrade’s partnership with Fireblocks aims to provide enhanced security measures for institutional clients who use CoinTrade’s services. Under this partnership, Fireblocks will provide CoinTrade with its cutting-edge institutional-grade MPC wallet infrastructure. This will enable CoinTrade to provide a more secure platform for its clients to buy, sell, and store their cryptocurrencies.
The Benefits of the Partnership
The partnership between CoinTrade and Fireblocks offers numerous benefits to both parties. Firstly, CoinTrade’s institutional clients will now have access to enhanced security measures for their digital assets. This is particularly important in the current climate of cyber threats and hacking attempts.
Secondly, the partnership is likely to boost CoinTrade’s reputation as a trustworthy and secure cryptocurrency service provider. This will help to attract more institutional clients to use their services, thereby increasing its market share.
Finally, the partnership demonstrates the growing importance of secure cryptocurrency storage solutions, particularly for institutional clients. As more businesses and financial institutions seek to invest in cryptocurrencies, they will require more secure storage solutions that offer regulatory compliance and enhanced security measures.
Conclusion
The partnership between CoinTrade and Fireblocks represents a significant development in the cryptocurrency market. As the demand for digital assets continues to grow, the need for secure storage solutions becomes increasingly important. This partnership demonstrates the growing recognition of this need, particularly for institutional clients, and highlights the importance of investing in secure digital asset storage solutions.
FAQs
#Q1: What does CoinTrade offer?
CoinTrade provides Japanese online cryptocurrency trading and pledge service provider that seeks to offer secure and reliable trading services to its customers.
#Q2: What does Fireblocks offer?
Fireblocks is a Singaporean cryptocurrency custody platform that provides secure digital asset storage solutions to financial institutions, exchanges, and other large-scale businesses.
#Q3: What are the benefits of the partnership between CoinTrade and Fireblocks?
The partnership offers enhanced security measures for institutional clients using CoinTrade’s services, boosting CoinTrade’s reputation and demonstrating the growing importance of secure digital asset storage solutions in the cryptocurrency market.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/13326/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
When does lp take effect (difference between lpr effective time)
When does lp take effect? According to previous reports, the initial distributio
-
Chain Acquires a European Cryptocurrency Service Provider to Enhance its Compliance License
On February 17, Chain, the blockchain infrastructure service provider, announced that it had acquired a European cryptocurrency service provider with a complia…
-
AGRENA Secures €46 Million in Round B Funding
It is reported that AGRENA, an agricultural financial technology company based on blockchain technology, has announced the completion of a round B financing of 46 million euros, le
-
Italian Data Protection Agency Proposes Requests for Restoration of ChatGPT in the Country
According to reports, on Wednesday (April 12th) local time, the Italian Data Protection Agency (Garante) proposed a series of requests to restore the use of chatGPT in the country.
-
Shibburn Data Shows Significant Burn of SHIB Tokens
According to reports, Shibburn data shows that a total of 23511138 SHIB tokens have been destroyed in the past 24 hours. In the past 7 days, a total of 2785348796 SHIB tokens have been destroyed. More than 2.785 billion SHIBs have been destroyed in the past seven days Analysis based on this information:The cryptocurrency market has seen a significant trend in the destruction of SHIB tokens over the past 24 hours, according to Shibburn data. Reports show that around 23511138 SHIB tokens have been destroyed, marking a massive shift in the market. Additionally, the past seven days have seen a total of 2785348796 SHIB tokens destroyed. This trend in the destruction of SHIB tokens follows the model of other cryptocurrencies, which often have a limited supply. Shibburn data shows that this destruction has made a significant impact on the supply and demand balance of SHIB tokens in the market. A decreased supply often corresponds to an increased demand, which can…
-
How Former NFL Shareholder Reginald Fowler Helped Crypto Exchanges Evade Money Laundering Rules
On April 19, the US prosecutor said that Reginald Fowler, the former minority shareholder of the National Football League (NFL) Minnesota Vikings, admitted that he helped the crypt
-
Understanding the Role of Stable Currency in Payments: The Importance of Legislation
It is reported that, according to Circle\’s official blog, the issuer of the USDC stable currency attended the hearing on Understanding the Role of Stable Currency in Payment and th
-
When will LHB go public on the Hot Coin Exchange
When will LHB be listed on the Hot Coin Exchange Hot Coin Wallet LHB When will LHB be listed on the Hot Coin Exchange? LHB launched HuobiGlobal After the launch of LHB, HuoCoin will launch activities such as “recharge, trading, and mining”. Users who participate in the activities will have the opportunity to share 5000HT, and each person can receive a maximum reward of 2000USDT, with a single account limit of 100HT; The lockdown period is 90 days; According to the rule, 1HT=1LP (current) LHB subscription time: October 11, 2019 17:00-20:00
-
Conic Launches Omnipools to Simplify Curve-based Liquidity Guidance
On March 2, Conic, a liquidity guidance agreement based on Curve, announced that its fund pool Omnipools had been officially launched. Users can deposit a sing…
-
Bitcoin Network Statistics: A Close Look
It is reported that according to BTC.com data, the number of unconfirmed transactions across the Bitcoin network is 9200, the computing power of the whole netw…
-
What currency can a card dig (can a card dig ETH)
What currency can a card dig? What currency can a card dig? What tokens do A cards have for mining? 1、 Where can a card be pledged A card runs on the Bitcoin network, and it can support multiple Cryptocurrency. For example, ERC20AtomicDEX protocol on Ethereum, ERC-20Token exchange algorithm on Litecoin, etc. In addition, blockchain based networks can provide a series of decentralized payment and settlement services. For example, by using smart contracts, users can use digital currency to purchase BTC and other mainstream assets (including BNB, HT, ETC) as collateral to participate in various DeFi projects and liquidity pools. 2、 How to obtain profits from a card In addition to the above functions, a card can also be used for other purposes such as aggregating wealth management platforms; Trading mining. The most common type of investment is aggregation, which involves obtaining stable returns through hedge funds or short selling by high net worth individuals. A card can also be…
-
Venezuelan President announces restructuring of Sunacrip
According to reports, Venezuelan President Nicola á s Maduro has announced the restructuring of the national cryptocurrency asset regulator, known as Sunacrip in Spanish. A new board of directors will lead the restructuring, led by Anabel Pereira Fern á ndez. Currently, no further details or specific reasons for the restructuring have been provided, but it is understood that the board of directors will set the next step plan for the cryptocurrency sector, aimed at protecting citizens of the country from the negative impact of economic sanctions, In addition, the new board structure does not include Joseit Ramirez, who has led Venezuela’s national encryption department since its establishment in 2018. （cointelgraph） Venezuela comprehensively reforms the national encryption sector Analysis based on this information:Venezuelan President Nicolaás Maduro has announced the restructuring of the national cryptocurrency asset regulator, known as Sunacrip in Spanish. This news comes amidst the ongoing economic crisis in Venezuela and the increasing use of cryptocurrencies as a means to…
-
Why Bitcoin Japan (Is Bitcoin Trading Legal in Japan)
Why Bitcoin Japan Why Bitcoin Japan The number of Cryptocurrency exchange registered by Bitcoin Japan in the Financial Services Agency is increasing. From October 2017 to the beginning of 2018, the Japanese yen accounted for the top ten in total trading volume, and now more than 100 fiat currencies have been transferred to Japan. This indicates that if we want to continue this momentum, it requires a very large system to support digital asset trading Due to Bitcoin being one of the most popular digital assets globally, more and more institutions and organizations are starting to use Bitcoin. These companies also include major banks such as Bank of America and Wells Fargo. According to CoinMarketCap data, global investment in Bitcoin peaked in the first quarter of 2019, but its actual investment return was negative. In addition, many people see the platform as a substitute for e-commerce applications like PayPal or eBay However, as the price of Bitcoin continues to rise…
-
NFT Gaming Company Acquires Speech Recognition Tool for Enhanced Game Experience
It is reported that the Web3 game developer NFT Gaming Company acquired the speech recognition tool created by Voxpow, an artificial intelligence company based…
-
Establishing Cooperation to Smoothly Realize Mutual Transfer and Exchange of Stable Currencies in Japan
It is reported that Mitsubishi UFJ Trust Bank, Japan\’s largest trust bank, announced that it is establishing cooperation with Datachain and Soramitsu to smoothly realize the mutual
-
Horizen Launches EON Side Chain on Gobi Network: An Overview
On April 21st, Horizen, a public chain that supports blockchain zero knowledge networks, announced the launch of Horizen EON on the permanent public testing network Gobi, which is