TechFlow news: According to an official announcement from Huobi HTX on July 18, Huobi HTX has integrated Fireblocks Off Exchange to reduce counterparty risk on the exchange. Upholding the principle of "users first," Huobi HTX will continue to minimize trading risks and enhance user experience. By partnering with Fireblocks, the platform is committed to building a more open and free cryptocurrency trading ecosystem.
As the first solution to truly mitigate counterparty risk, Fireblocks' Exchange Mapping feature enables institutional users to trade using MPC technology and on-chain settlement while maintaining direct control over their mapped assets. In the past 90 days alone, the network has secured over $200 billion in transactions between institutional users and more than 30 connected exchanges.
Previously, in March 2023, Huobi HTX signed a strategic agreement with Fireblocks and joined the Fireblocks Network. The agreement leverages Fireblocks' self-custody solutions to enable clients of both parties to trade directly on the Huobi HTX platform.
