Binance’s American subsidiary, Binance.US, has announced a new partnership with Fireblocks. For context, Fireblocks is an outlet that enables users to build blockchain applications. In addition, the platform could come in handy in digital assets operations management.
Therefore, Fireblocks’ collaboration with Binance.US aims to significantly improve customers ‘assets security and expand staking options on the trading platform. “Through the integration, we expect to increase our token support over time & deliver added value to customers,” Binance.US wrote on X.
We're excited to expand our custody offerings by integrating Fireblocks, an enterprise platform for building blockchain apps & managing digital asset operations.
— Binance.US 🇺🇸 (@BinanceUS) September 11, 2024
Through the integration, we expect to increase our token support over time & deliver added value to customers.
Partnership Details
Interestingly, the collaboration intricacies entail accessing Fireblocks spot trading services, boasting over 150 tokens readily available for sale. In addition, users will enjoy staking with over 20 available options.
The features highlighted above are backed up by one of the best security features, as evidenced by the Fireblocks track record. Notably, Since it graced the digital assets’ space, the staking platform has succeeded in developing over 250 million wallets.
Aside from merely creating wallets, Fireblocks has overseen the transfer of over $6 million in digital assets. Hence, it becomes relatively safe to assert that Binance.US has done great in its research to identify Fireblocks as a reliable option.
Binance.US and Fireblocks Executives React
Speaking about the collaboration, Michael Shaulov, the Chief Executive Officer (CEO) at Fireblocks, has expressed excitement and willingness to work hand in hand with the trading platform.
Our wallet infrastructure provides the highest security level and operational efficiency, which aligns perfectly with Binance.US’ commitment to protecting customer assets. We look forward to supporting Binance.US’ continued innovation within the US crypto market,” the CEO remarked.
Similarly, Christopher Blodgett, the Chief Operating Officer at Binance.US, stated, “Moreover, we expect that our integration of Fireblocks will enable increased token support over time. We look forward to innovating and delivering added value to Binance.US customers.”
Despite mounting pressures emanating from regulatory compliance shortcomings, Binance has remained unfazed. Interestingly, the exchange has remained committed to improving its services while also seeking regulatory clarity across the globe.
