Crypto.com Expands Institutional Reach With Fireblocks Integration

Crypto custody provider Fireblocks has integrated the cryptocurrency exchange Crypto.com into its network, giving the exchange access to institutional players in the space.

Fireblocks’ network, which was launched in June of last year, includes a number of global banks, liquidity providers, over-the-counter desks, hedge funds and digital asset managers such as Binance, Bitfinex, Coinbase and FTX.
“Being on board the Fireblocks network will allow Crypto.com to increase the company’s institutional trading volume, and overall presence at a global level,” said Eric Anziani, COO of Crypto.com.
According to Fireblocks, its network has grown 627% since launch, includes over 400 participants and currently exceeds over $700 billion in transfer volume. Its members will have exchange connectivity and instant settlement through Crypto.com.
In May, Fireblocks raised $133 million to serve megabanks with crypto custody. The Series C funding round was led by Coatue Management with participation from BNY Mellon, Ribbit Capital and Stripes.

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Tanzeel Akhtar

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