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Japan’s CoinTrade Partners With Fireblocks to Improve Digital Asset Security

Japan-based cryptocurrency trading and staking service provider CoinTrade on Thursday said it has partnered with Singapore-based crypto custody platform Fireblocks to provide institutional clients with improved security for digital assets.

The partnership will connect CoinTrade users to Fireblocks’ cold wallets that provide 24/7 access to digital assets, distributed private key sharing to prevent insider collusion, and optical QR-based signing access, according to a press release sent to Forkast via email.

“By leveraging Fireblocks’ battle-tested technology, cold storage and direct custody solutions, CoinTrade can retain tighter control over its risk and compliance operations,” Stephen Richardson, Head of Asia-Pacific and senior vice president of Financial Markets at Fireblocks, said in the release.

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