Cryptocurrency custody platform Fireblocks issued a document stating that it has launched Off Exchange, allowing exchanges and asset management companies to trade on CEX through MPC shared wallets on the chain, eliminating exchange counterparty risks. Fireblocks Off Exchange utilizes MPC technology to enable traders to allocate and mirror assets directly to the exchange from their jointly controlled wallets, protecting their principal from hackers, bankruptcies, and fraud while providing a complete chain to centralized exchanges Provide transparency to ensure customer accounts are fully collateralized. Off Exchange supports Deribit at launch and will also support HTX, ByBit, OKX, Gate.io, Whitebit, BIT, OneTrading, Coinhako, Bitget and other global exchanges in the coming months.
Clement