Fireblocks partners with Coinbase International to extend security, governance and policy support

Quick Take

  • Fireblocks is extending its Multi-Party Computation (MPC) protection to Coinbase International customers

  • Clients using the Coinbase International exchange will be able to mitigate operational risks by using the Fireblocks Network.

The Fireblocks Network is expanding its platform connectivity to Coinbase International, offering clients who use the exchange enhanced security, governance and policy controls.

In a statement issued on Monday, Fireblocks said that this move could help mitigate operational risks for perpetual futures and spot trading for both institutional and retail clients on Coinbase International.

"As we continue to expand our offerings for institutional and retail clients, this collaboration underscores our commitment to providing a robust and reliable trading infrastructure for our global clientele,” Coinbase International CEO Usman Naeem said.

Fireblock's MPC feature can now be used with Coinbase International

Fireblocks described a security feature called multi-party computation (MPC) that will benefit Coinbase International users. The MPC feature can eliminate single points of compromise in API credentials and secure hardware enclaves to prevent threats from external actors or internal colluders that could compromise exchange credentials during storage. 

The security features on the Fireblocks Console will give Coinbase International users in specified regions added protection in exchange operations, such as withdrawals and deposits. The Fireblocks Console also provides customers with a unified view of all their connected accounts to easily monitor assets, balances, and transactions.


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© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Brian McGleenon is a UK-based markets reporter for The Block. He has worked as a financial journalist and producer for multiple news outlets over the years, such as Fuji Television, The Independent, Yahoo Finance, The Evening Standard, and The Daily Express. Brian is also a screenwriter and producer with one feature film produced and one in development with Northern Ireland Screen. Apart from web3 and cryptocurrency developments, he is also interested in geopolitics, environmental issues, artificial intelligence, and longevity research. Get in touch via email [email protected].

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