Cryptocurrency custody provider Fireblocks has integrated the leading crypto exchange Crypto.com into its network, offering exchange access to institutional players within the ecosystem.
Fireblocks’ network, which was launched earlier in June last year, includes a variety of worldwide banks, liquidity providers, over-the-counter desks, hedge funds as well as digital asset managers like Binance, Bitfinex, Coinbase, and FTX.
“Being on board the [Fireblocks] network will permit Crypto.com to extend the company’s institutional trading volume, and overall presence at a worldwide level,” added Eric Anziani, COO of Crypto.com.
As per Fireblocks, its network has grown 627% since launch, along with over 400 participants, and presently exceeds over $700 Bln in transfer volume. Its members will have exchange connectivity as well as instant settlement via Crypto.com.
Also in May, Fireblocks raised $133 Mln to serve megabanks with crypto custody. The Series C funding round was led by Coatue Management with participation from BNY Mellon, Ribbit Capital as well as Stripes.