🚀 Fireblocks launches "Off Exchange", a new trading system for institutions using centralized exchanges. Goodbye counterparty risk! 🎉
- Allows institutional traders to exchange tokens without depositing them on the exchange first.
- Uses a shared MPC wallet with a private key divided into 3 shards.
- Neither the trader nor the exchange can withdraw assets unilaterally.
- QCP Capital, BlockTech and Zerocap are already using it on Deribit.
- Coming soon to HTX, Bybit, Gate.io, WhiteBIT, BIT, OneTrading, Coinhako and Bitget.
Do you think this system will prevent future crashes like FTX? Comment below! 👇