Sygnum & Deribit: Off-Exchange Crypto Custody Powered by Fireblocks

Sygnum and Fireblocks: A Big Step for Crypto Safety!

In the fast-changing world of digital money, keeping your assets safe is super important. Sygnum, a top digital asset bank, has just made a big move by teaming up with Fireblocks to offer safer crypto storage on Deribit. This means better security for digital asset deals and new opportunities for big investors. Let’s find out more about this cool partnership and how it’s shaping the future of crypto safety!

What’s Fireblocks Got to Do with It?

Fireblocks is famous for its strong and flexible platform that makes managing, trading, and moving digital assets a breeze. By using Fireblocks’ tech, 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 better safety. By keeping assets safe off the exchange, investors can avoid risks like hacking and unauthorized access. With Fireblocks and Sygnum working together, managing digital assets is now safer and easier.

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 the exchange, protecting them from exchange-related risks. This shows that more and more people want safe and reliable ways to manage their digital assets.

The Future of Crypto Safety

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 are taking a step in the right direction by offering safer storage solutions. By making crypto storage safer, they’re helping to build trust and make more people comfortable with using digital assets.

So, What’s the Big Deal?

In short, Sygnum’s use of Fireblocks’ tech to offer safer crypto storage on Deribit is a huge deal in the digital asset world. This partnership makes crypto storage safer and shows how the crypto world is changing. As the industry grows, partnerships like these will be key to building trust and driving cool new ideas.

—

Sources:
– CoinDesk
– Fireblocks
– PR Newswire