Institutions can now securely access BIT’s crypto options and perpetual futures liquidity for strategy execution directly from the Fireblocks platform

Dubai - Aug 9, 2023 – BIT Crypto Exchange, a leading professional digital asset exchange, today announced its integration with Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. The integration via the Fireblocks Network Link, which is an API standard that enables any crypto exchange to natively integrate into and add value to the Fireblocks Network, will allow institutions to directly access BIT’s liquidity and tools for all instrument-based trading BIT offers.

“At BIT, we are dedicated to providing our users with a secure and transparent platform for trading digital assets. Our integration with Fireblocks is a significant step forward in achieving this goal,” said Toya Zhang, BIT’s Chief Marketing Officer. “Asset security, paired with greater ease of capital markets access where traders can execute sophisticated strategies, marks a significant milestone for institutional traders. We look forward to working with Fireblocks and offering more features in future.”

Fireblocks will also serve as BIT’s custody technology provider, enabling institutional-level security and transparency for BIT users. Fireblocks’ battle-tested technology ensures that customer assets remain highly secure and easily accessible while providing real-time insights into their assets’ movements.

“We are proud to work with BIT to help them bring enterprise-grade security to their users,” said Stephen Richardson, Managing Director, Financial Markets and Head of APAC at Fireblocks. “Our collaboration is a testament to Fireblocks’ commitment to providing digital asset exchanges with the tools they need to drive trading volume whilst ensuring security or operational efficiency is not compromised.”

Additionally, the integration will allow BIT’s institutional clients to directly connect with the Fireblocks Network of over 1,800 liquidity partners, trading venues, lending desks and counterparties for instant settlement, rebalancing and payments.

About BIT

BIT is a full-featured cryptocurrency exchange that is designed for use by professionals, with advanced risk management and fund efficiency supported by Portfolio Margin and Unified Margin.

BIT was launched in August 2020 as an affiliate to Matrixport, a prominent crypto financial service company. BIT is one of the top crypto options trading platforms which offer innovative USD-margined trading pairs.

BIT is always striving to widen its selection of tokens, enhance its trading tools, and inspire the creation of innovative financial products.

About Fireblocks

Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves thousands of financial institutions, has secured the transfer of over $4 trillion in digital assets, and has a unique insurance policy that covers assets in storage and transit. Some of the biggest trading desks have switched to Fireblocks because it's the only solution that CISOs and Ops Teams both love. For more information, please visit www.fireblocks.com.