Institutional crypto exchange LGO has joined up with transaction platform Fireblocks to speed up deposit times and enhance clients’ trading experience.

  • LGO announced Tuesday it had joined Fireblocks' Deposit Acceleration Program.
  • Crypto exchanges have to load digital assets onto the platform before they begin trading: a process that can take anywhere between 10 minutes to 24 hours to complete, depending on network congestion and how quickly miners confirm transactions.
  • This has a clear opportunity cost as traders can't exploit fleeting arbitrage chances or liquidity margins.
  • As the name suggests, Fireblocks' Deposit Acceleration Program speeds up the process, allowing exchanges to load assets onto their platforms in real time.
  • LGO CEO and co-founder Hugo Renaudin said the program was a way for institutional clients to better position their trading capital efficiently and securely.
  • Crypto derivatives exchange FTX joined the program as soon as it launched last month.

See also: Elliptic Teams With Fireblocks to Automate Security and Compliance in Crypto Industry

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.