Fireblocks clients now have the ability to seamlessly interface with their Coinbase International Exchange accounts, ensuring fortified exchange transactions under the custody firm’s stringent governance and policy frameworks.

In an announcement made on Monday, Fireblocks, a leading cryptocurrency custody firm, revealed its collaboration with Coinbase International Exchange, the overseas extension of the trading enterprise that delivers perpetual futures and spot trading options for both institutional and retail clients within authorized regions.

This alliance enables Fireblocks’ clientele to link their accounts on the Coinbase International Exchange, safeguarding transactional operations such as withdrawals and deposits via Fireblocks’ robust governance and policy protocols.

In May 2023, Coinbase International Exchange secured a regulatory license from the Bermuda Monetary Authority, allowing it to extend its services. Initially functioning solely as a derivatives exchange catering to institutions, it has since incorporated spot cryptocurrency trading for retail investors.

Employing cryptographic key sharing technology known as Multi-Party Computation (MPC), Fireblocks eradicates single points of compromise from API credentials. This technology is augmented by secure hardware enclaves to thwart potential threats and insider collusion attempts.

Fireblocks’ policy engine empowers clients to tailor user roles, governance policies, and approval workflows for exchange deposit and withdrawal operations, thus preventing unauthorized unilateral fund movements from exchange accounts. Users can manage deposits, withdrawals, and fund rebalancing through the Fireblocks Console or API, while maintaining vigilant oversight of all connected account balances.

“As we persist in expanding our services for both institutional and retail customers, this partnership highlights our dedication to delivering a robust and dependable trading framework for our international clientele,” remarked Usman Naeem, CEO of Coinbase International Exchange, in the statement.